AIG delivers dramatic COR improvement
Premiums increase as underwriting profits grow at insurer.
AIG Europe has announced a 19% improvement in its combined operating ratio (COR) for UK business to 84%.
According to the insurer its UK COR enhancement was due to a combination of a "benign claims environment, the full benefit of portfolio remediation carried out in 2012, improved operational efficiency and reduced project spend".
The results for the year ending 30 November 2013 also revealed that UK net written premiums ticked up to £1.19bn (2012: £1.12bn). The provider ascribed this to a
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