Groupama is targeting over 20% increase in its household business over the next couple of years.

Director of non-motor and SME underwriting Philip Bird told Insurance Times that the insurer would achieve growth by "getting more volume out of the [brokers] we do business with" and getting on to more broker panels.

"We don't play on some key panels and we need to address this," he said.

Bird said Groupama was looking for "reasonably modest" growth of 5%-10% this year. But he expected to get to "mid to high 50s" in terms of GWP in a couple of years. Groupama's household book currently stands at £45m GWP, he said.