Das reports further loss in 2017
Figures reveal slight improvement in COR, while GWP fell.
Das has posted a post-tax loss of £5.2m for the full year 2017, compared to a loss of £13.8m in 2016.
Gross written premium fell to £111.5m in 2017 (2016: £130.0m), and the legal expenses specialist stated that this was driven by portfolio remediation which began in 2016 and continued throughout last year.
This has led to the business exiting a number of relationships and business lines, which it said were unprofitable.
COR
The provider reported an improved combined operating ratio of 101.2%
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