Ageas motor book’s underwriting losses deteriorate
Ageas UK today vowed to continue targeted pricing action to correct escalating claims costs in motor.
Ageas’s motor book slipped further into underwriting loss territory with a combined ratio of 103.6% in the first quarter of this year, compared to 101.6% in the same period last year.
The insurer blamed the increasing number of traffic accidents as more people take to the roads and rises in third party damage costs.
The company said in its first quarter statement today that ’targeted pricing action continues to be taken to correct this.’
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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