Zurich UK returns to profit for 2018
COR also improved to 94.9% on a like for like basis from 102.3% as CEO Tulsi Naidu says there is room for more improvement.
Zurich UK has posted improved results for the full year 2018.
The insurer stated that business operating profit in the general insurance space 2018 reached £137m, up from £50m the previous year.
The COR, which deteriorated to 102.5% in 2017 also recovered to 94.9%.
However, taking into account the Ogden rate, the 2017 figures actually showed a loss of £151m and a soaring COR of 110.9%.
Transformation
Zurich’s UK CEO, Tulsi Naidu, commented: “Zurich has delivered a strong result in the UK and
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