Ogden rate, large losses and claims inflation knock Allianz UK COR in Q3
Allianz reported operating profit of £100m for the year to date in its Q3 results, with its combined operating ratio slipping to 96.5% from 95.7% at the half year.
While the operating profit was up by £14.2m in the three months to the end of September, Allianz UK CEO Jon Dye, pictured, described the combination of the Ogden rate change which the provider booked
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