Hiscox predicting cyber and security policies expansion in 2018

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Hiscox is poised to reach one million retail customers in 2018 with half coming through the brokers and half through the direct channel, non-executive chairman Robert Childs has confirmed.

The prediction came as the insurer released results for the first half of the year.

Across the group, gross written premium (GWP) was up 21% to $2.23bn [£1.7bn] as profit hit $163.6m and the combined operating ratio (COR) came in at 87.9%.

The insurer did not release profit figures for the UK & Ireland

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