Zurich's Steve Lewis calls for better underwriting discipline across the market
Steve Lewis, CEO of Zurich’s UK general insurance (GI) business, has stated that he is “extremely pleased” with the provider’s results for the first six months of 2013.
Referring to the £20m drop in gross written premium reported for the period, Lewis highlighted that this represented a 2% reduction, and said it was a result of Zurich’s continued disciplined approach to underwriting.
“That discipline is paying dividends in the context of the results – the year on year profit improvement was underpinned by an improvement in loss ratio and expense ratio,” he continued.
“I don’t see (the GWP) as a position where I’m overly concerned, although I think it’s going to
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 print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk