Allianz CEO Jon Dye partly credits broker support for the firm’s Q1 results

Jon Dye, CEO, Allianz Insurance

Allianz UK’s Q1 2019 results saw nearly a 10% rise in commercial lines gross written premium (GWP) to £319.5m.

However, the provider’s commercial lines combined operating ratio (COR) deteriorated to 96.7% from the 95.1% posted for the same time period last year.

The firm’s overall results saw a fall in GWP to £493.5m from £542.7m in Q1 last year. Its operating profit rose however to £51.2m (Q1 2018: £39.8m) and it’s COR was 94.8%, compared to 95.2% in the first quarter of 2018.

Commercial

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: