No pressure to grow GWP, says Sabre’s Geoff Carter
CEO stresses focus on combined operating ratio.
Sabre Insurance’s priority is a combined operating ratio (COR) of at most 75% not gross written premium growth (GWP), chief executive Geoff Carter has told Insurance Age.
Carter was speaking as the provider unveiled its first set of results since becoming a listed company which showed rising profits and a COR of 68.6%.
“It’s a very strong combined operating ratio… what 68% says is we have had a good year,” he commented. “We try and run a prudent model.”
And he argued that despite the insurer
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