Allianz UK COR deteriorates to 97.8%

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Allianz UK reported a worse performance in 2019 when compared to the previous year.

The figures, published today (24 February), highlighted that the COR rose to 97.8% compared to 96.4% in 2018.

Operating profit also slipped from £171.2m to £110.6m alongside a fall in GWP to £1990.7m (2018: £2038.2m).

The insurer suggested that the operating profit drop was impacted by a number of factors including increased fire, theft and escape of water losses in the commercial property account as well as

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