Bodily injury claims starting to impact, admits Admiral’s Engelhardt
Chief executive officer at Admiral, Henry Engelhardt, has revealed that bodily injury claims have started to noticeably affect the insurer in the past year.
Mr Engelhardt was speaking as the insurer released record turnover and profits for the first half year but with a deterioration in combined operating ratio (COR) for UK car insurance business to 90.4% from 82.9% in the same period of 2010.
In an exclusive interview with Insurance Age he explained the worsening COR: "It is more injury claims and more costly injury claims. Of course we are concerned. We are not immune and the industry has been seeing this for years. We are starting to see some of
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