Fortis Insurance is planning expansion of household, travel and small package business cover.
It will invest up to £1.5m in IT as part of a plan to grow by 10% this year.
The Belgian-Dutch financial services group reported profits down by 6% last year, to €2.598bn (£1.6bn) from €2.768bn (£1.7bn). The decline was in line with predictions it made in January.
The UK operation, Fortis Insurance, recorded profit growth to £32.7m from £26.5m last year.
Fortis group chief executive Anton van Rossum said the performance of the UK operation set a "benchmark" for the rest of the group.
Fortis Insurance chief executive Barry Smith outlined the company's strategy to grow while giving brokers a fair deal and becoming their insurer of choice.
"We will pay the market rates for commission," he said.
"We must ensure Fortis adds value to the broker and the broker must be remunerated for the value it brings."
He said the company's expense ratio of 21% comprised 13% for commissions and 8% for expenses, which Smith said demonstrated it was a "lean machine".
"This company ain't broke financially and it ain't broke in the way it works.
"We will stay committed to the broker channel."
The bulk of Fortis Insurance's business is in motor cover, where Smith forecast rate increases of 0.5% a month. It would also increase its book of household and commercial risks. Household GWP was £66m and commercial lines GWP was £15m.
Smith predicted growth this year accelerating into 2003 and 2004.
