esure expects LASPO and gender-neutral gains as GWP rises

stuart vann

esure Group has seen its gross written premiums edge up to £124.1m for Q1 2013, a 1.6% rise on the same period last year.

The provider - which joined the London Stock Exchange on 27 March 2013 - also reported a 1.8% increase on total in-force policies to 1.79m. 

esure said that its gross written premiums on core brands rose by 3.4% to £120.2m, with motor growing by 3.1% to £99.2m and home by 5% to £21m.

The insurer said that it expects the impact of both gender-neutral pricing and the civil justice reforms following the introduction of Laspo to deliver benefits in the second half of the year.

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ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.

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