Novae makes £14m loss before tax in H1
The company saw its combined operating ratio deteriorate 5.9% over the past year, from 95.7% in H1 2016 to 101.6% in H1 this year.
This is despite gross written premiums growing by 16.7% to £598.8m.
Disappointment in discount rate
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX
— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
Most read
- Revealed: Leaked emails show Ecclesiastical staff using 'callous' language over child abuse claims
- Insurers attack 'misleading and wholly disingenuous' discount rate impact assessment
- Blog: Fires and cars - spontaneous combustion is 'use'
- This week: Gaukward moment for insurers following Ogden change
- Aviva's Neos hopes to double UK customer base by year end
- Analysis: Mitigating the risk of sexual harrassment in the workplace
- Allianz in 'advanced negotiations' with partners to launch open platform
Back to Top