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Hiscox UK posts £630m ICWP for 2023

By 2024-03-05T12:56:00

financial results (6)

’The UK broker commercial business continued to enjoy excellent retention, illustrating the underlying quality of the business and loyalty of our customers,’ says group chief executive

Hiscox UK’s insurance contract written premium (ICWP) grew by 2.4% year-on-year on a constant currency basis, reaching £630m ($793.8m) for the full year period. 

In its full year results for 2023, released today (5 March 2024), Hiscox explained that this premium growth was “impacted by the planned exit from non-core delegated authority business”, which it has now completed. 

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