Axa's figures for the first half of this year show the contribution made to net income by property and casualty insurance is down by 14.1% at £195m, compared with the first half of 1999.
The UK's contribution fell by £31m. This was due to an increase of £39m in reserves – £28m for motor insurance and £11m for third-party liability.
These increases in reserves result from a deterioration in claims experience and higher costs for bodily injury claims in the British market. Guardian's offer of “free” insurance with new cars is a major factor for this.
Another cost was the alignment of claims management processes, following the merger of Axa and GRE.
The Awards Ceremony on Wednesday, December 3rd, at the stunning JW Marriott Grosvenor House London, is the biggest night in the UKGI calendar.
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It's the perfect way to acknowledge hard work, inspire your team, and network with industry leaders.
Crucially, as many of our attendees have done before, you can use your table booking as the perfect, hassle-free Team Christmas Party, combining prestige, celebration, and a memorable night they'll talk about all year!
Tables are selling fast for this exclusive event. Don't miss your chance to secure a prime spot and give your team the recognition and celebration they deserve.
