Zurich UK COR improves to 95.5%

tulsi-naidu-zurich-uk-ceo

Zurich UK’s CEO Tulsi Naidu has hailed the H1 2018 numbers for the general insurance division as a strong result.

The numbers showed that the GI COR improved to 95.5%, significantly ahead of last year’s 99.2% (119.0% including Ogden impact).

In addition business operating profit also shot up to £75.9 million – up 24% on £61.1 million in H1 2017.

If the Ogden rate is taken in to account BOP increased 162%, up from -£123m in the same period last year.

GWP was stable at £1.2bn.

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