Das “on track” for 95% COR
Despite recent losses CEO Andrew Burke said the business is on the right path and has put Asplin fraud case behind it.
Legal expenses insurer Das is on track to achieve a 95% combined operating ratio (COR) in the medium term according to CEO Andrew Burke.
Burke spoke to Insurance Age following the publication of the provider’s results which showed losses decreasing to £5.2m for the full year 2017 (2016: £13.8m).
GWP also fell to £111.5m from £130m but the COR improved to 101.2% compared to 103.0% the previous year.
The business has focused on streamlining, exiting unprofitable business deals and stopping a
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