Ecclesiastical posts drop in GWP for UK and Ireland in 2016
But COR for the insurer improves to 82.5% in the region.
Ecclesiastical Insurance has posted a 3.4% drop in gross written premium (GWP) for its UK and Ireland business in the year ended 31 December 2016.
Its GWP for 2016 was £220m, compared to £228m in the preceding year.
Meanwhile, the provider revealed an increase in underwriting profits for the region to £25.0m in 2016, compared to £11.6m in 2015.
In addition, its combined operating ratio (COR) for the UK and Ireland improved to 82.5% (2015: 92.3%).
Weather
Ecclesiastical stated that its UK and
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