Swiftcover success rejuvenates Axa's personal lines business
Axa Insurance has seen the size of its personal lines business overtake its commercial lines portfolio on the back of Swiftcover's growth and shedding the unprofitable parts of its small and medium-sized enterprise (SME) book.
While the commercial arm's gross written premium fell by £61m to £1.04bn, its personal lines business rose from £1.08bn to £1.1bn, which includes a £47m improvement in household revenues and a 49% increase in Swiftcover policies to 522,000.
Axa Insurance chief executive Phil
More on Insurer
POLL: DUAL PRICING
Most read
- Towergate owners post £261m loss for 2017
- Ex-Das CEO Paul Asplin stands trial for fraud
- Ex-AA boss Bob Mackenzie seeking up to £225m in damages
- Ardonagh looking at deals worth £500m
- Das v Asplin: Prosecution outlines arguments on fraud charges
- InsurTech Futures: PwC and Early Metrics launch programme to scale start-ups
- InsurTech Futures: Gadget and motor products go live on Brolly
Back to Top