Ageas results "solid", says Andy Watson
CEO says claims inflation in motor will be a challenge going forward.
Andy Watson, chief executive officer of Ageas UK, said the pricing environment in motor and household was one of the drivers behind the insurer's financial results for the first nine months of 2015.
Speaking to Insurance Age Watson hailed the insurer's "solid" results, but pointed to a number of challenges in the marketplace, including claims inflation in motor and the increase in Insurance Premium Tax (IPT).
Motor
Ageas reported a combined operating ratio (COR) of 100.8% in motor (2014: 99.4%)
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