“Strong momentum” in UK commercial at QBE as international business rises in 2023

raining-dollars

QBE has reported a 17% rise in net insurance revenue and gross written premiums for international business in 2023.

Gross written premiums for the division, which includes the UK commercial business as well as its Lloyd’s franchise, European commercial, QBE Re and Asian operations, hit $8.8bn (£6.97bn).

Average renewal premiums were up 7.8%, QBE noted.

Net insurance revenue for the unit came in at $6.92bn.

We have successfully increased capabilities and market presence beyond our traditional strengths in commercial motor and financial lines.QBE

The international segment’s combined operating ratio improved to 89.5

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 copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Polaris at 30 – Jackie Childs

In the concluding instalment of Polaris at 30, senior business analyst at the insurance industry-owned organisation Jackie Childs rounds up the progress on digital trading moving from monthly personal lines updates sent out on floppy discs to the new era of risk and rating dexterity that can only be supported electronically.

Polaris at 30 – Phil Bayles

In the final day of the Polaris at 30 Q&A series Ardonagh’s Phil Bayles assesses the development of digital trading from slow, cumbersome and inflexible systems to becoming mainstream.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: