AXA was buoyed by a 2.4% rise in rates across personal lines last year - and is expecting the market to harden further
AXA UK personal lines business grew revenues 5.8% - the best growth in the world.
The UK book even beat fast growing Asia and International, which grew 4.8% last year.
AXA was buoyed by a 2.4% rise in rates across personal lines last year - and is expecting the market to harden further.
In its 2019 results, AXA said: ’UK motor market damage claims inflation expected to lead to rate increases. Hardening of rates is expected in the Northern Irish motor market.’
Commercial lines was lower, with 2.4% rate increases and 2.9% revenue growth.
The UK contributed €1.9bn to a €16.6bn European personal lines business account. Commercial lines was €1.6bn to a €32bn account.
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.
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