Zurich's UK GI arm posts improved COR while GWP stays flat
CEO Lewis claims results give "real cause for optimism".
Zurich’s UK general insurance (GI) business has reported a 4% improvement in combined operating ratio (COR) for 2013.
The provider’s COR went from 99.8% in 2012 to 95.8%. Business operating profit also improved, by 53%, going from £94m to £144m, while gross written premium remained flat, at £1.675bn (2012: £1.679bn).
Steve Lewis, CEO for Zurich’s UK GI business, said: “These results give real cause for optimism about the progression for our business, as long as we maintain our focus and continue
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