Allianz reports increased GWP but says market remains "challenging"

Allianz chief executive Andrew Torrance

The insurer reported GWP of £473.6m for Q1 2012, compared with £443.5m GWP reported for the same period of 2011.

The commercial division of the business showed a slight decline in GWP, at £253.3m in the first quarter of 2012, down from £254m in Q1 2011.

Andrew Torrance, CEO at Allianz Insurance, said flat GWP in this segment of the business was indicative of how competitive the market was on the whole.

The retail division reported a 16% improvement in GWP, up to £220.3m in Q1 2012 from £189.5m

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: