Ogden drives Zurich to UK general insurance loss in 2017
COR soars to 110.9%.
Zurich has reported a £151m business operating loss for 2017 for UK general insurance.
The insurer flagged that if the Ogden rate had not changed – it moved from 2.5% to minus 0.75% last March – it would have made a profit.
In 2016 the provider had achieved a profit of £147m.
Gross written premium of £2.37bn was the same as reported a year ago.
However, the combined operating ratio (COR) soared to 110.9% from 97.1% in the previous 12 months.
Again the insurer flagged that excluding the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Aventum makes first MGA buy as it pushes into Continental Europe
Aventum has bought Rotterdam-headquartered specialist marine and logistics managing general agent Post & Co in its first ever MGA acquisition.
Dual expands social care proposition
Dual UK has enhanced its social care proposition providing cover for the operational and regulatory requirements of children’s homes and special education needs schools.
UK a key focus for US consolidator Doxa over next three to five years
The UK will be a focus area for US distribution consolidator Doxa for the next three to five years following the Eaton Gate deal, with sights set on growing the products range, team builds and strategic tuck-in acquisitions.
Biba 2026 Countdown: Axa’s Matt Field
Matt Field, partnerships director at Axa Insurance UK – retail, invites people to visit its van on the cobbled area next to the conference centre and warns against burn out by over-filling your diary with appointments.
Clear pushes on with MGA rebrands
Clear has rebranded Accelerate Underwriting as Shape Digital and Thomond Underwriting as Shape Underwriting Ireland in further changes to its managing general agents division.
MoneySuperMarket grows ChatGPT app with home and pet insurance
Price comparison service MoneySuperMarket has added home and pet insurance products directly in its ChatGPT app.
Aviva makes third acquisition in three years buying long standing partner
Aviva has acquired DisasterCare Group in a move that it believes will strengthen its disaster recovery and restoration capability, as well as support a quicker end-to-end property claims process for customers, brokers and partners.
Motor premiums remained stable in Q1 – ABI
The average motor premium held steady in the first quarter of 2026 at £560, just 0.2% up on Q4 2025, the Association of British Insurers has calculated.