Insurance Age

QBE sees gross written premium reduce

QBE Europe saw its gross written premium reduce by 4% to Aus$5.14bn (£2.42bn) and gross earned premium drop by 1% to Aus$5.16bn in 2007. The combined operating ratio (COR) for European operations was 84.8%, compared with 86.1% in 2006, and the insurance profit margin was 26%, compared with 22.3% in 2006. Meanwhile, the Lloyd's business, which wrote £1.1bn of business, saw a COR of 75.7% (2006: 82.1%) and insurance profit margin of 36% (2006: 26.3%).

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: