Top 30 European Insurers 2022 - Covéa

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Covéa's reported financial performance for the European financial year 2021.

Company info

Headquarters: Paris, France

Total employees: c. 23,000

CEO: Thierry Derez

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Q&A: Marc Lewis, Ecclesiastical

Marc Lewis, underwriting director for the UK for Ecclesiastical, reveals how the insurer is embracing artificial intelligence plus its plans to grow the casualty business.

Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

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