Ageas reveals 20% UK GWP growth in 2023

euros-2

Ageas has reported a 20% hike in UK gross written premiums to €1.49bn (£1.27bn) for 2023, as profits in the European division rose.

The insurer sold the renewal rights to UK commercial business to Axa in 2022 in a £47.5m deal. It noted that for the 2023 results the “scope-on-scope” growth in the UK was actually 47%.

According to Ageas, it was driven by strong growth in customer numbers and “continued strong technical pricing discipline in the face of inflation”.

The provider did not supply a full breakdown of UK figures.

Europe

In the European division, where the UK sits alongside Portugal, France and Turkey, but not Belgium

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: