RSA sets out strategic roadmap for 2025 with new "broker promise" vow

rsa-3

RSA has revealed its strategic roadmap for 2025 with a target of reaching a combined operating ratio in the low 90s and committed to unveiling a new broker "promise" in 2023.

Currently RSA has a COR of 93.5% which has improved from last year’s 93.8%.

Speaking at Intact’s Investor Day, Ken Norgrove CEO of RSA UK and International, listed strategic elements of the roadmap for 2025.

Norgrove stated that RSA is developing a refreshed broker proposition for 2023, this follows broker feedback addressed in April that the provider needs to be clearer on its risk appetite, proposition and speedier in responses.

Norgrove vowed earlier this year to fix current “at best

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.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Arch goes live on Applied

Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.

Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.

Brokers upbeat on 2024 growth – Aviva

Brokers are more optimistic about growth in the coming year than they have been since before 2020, according to Aviva, with 83% expecting their business to grow compared to 76% last year.