Ageas UK CEO calls for underwriting discipline
Insurer chief praises quarter three results.
Andy Watson, chief executive of Ageas UK, has highlighted a need for “underwriting discipline” in the motor market.
The provider’s results for the first nine months of 2013 showed the motor combined operating ratio (COR) deteriorate to 100.7% from 96.7% in the same period of the previous year.
And assessing the performance of motor, Watson said: "We have had an interesting time in the motor market.
“We have made a few modest price reductions, but that’s in a market where people are making 12-14%
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