Ai Claims sees slip in profit and revenue

Mechanic fixing engine

Ai Claims Solutions has reported a fall in profit to £858,000 in the six months to December 2011 compared to £1.2m in the same period of 2010.

The accident management company also saw total revenue fall 21% from £60.1m in the comparable six months period a year ago to £47.5m in 2011.

The company also highlighted that net debt had been reduced by £3.2m to £19.1m in the six month period of last year.

Steve Broughton, chairman at Ai Claims commented: "Ai Claims has delivered a creditable first half performance in challenging market conditions.

"We had already flagged the likely impact on our revenues of warmer than average winter weather

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

Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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: