Figures from Zurich for the first 9 months of 2020 show a 3% rise in property and casualty gross written premium to £20.8bn.

For the Europe, Middle East and Africa region, property and casualty gross written premium was up by 7% on a like-for-like basis to £9.4bn.

In a public statement, Zurich said: “In EMEA, gross written premiums increased 7% on a like-for-like basis. Growth was driven by commercial insurance, most notably in Germany, Switzerland and the UK. Retail insurance was up modestly year-on-year following improved third-quarter growth. North America grew 4% on a like-for-like basis compared with the previous year, with the growth driven mainly by rate increases.”

Not all regions reported a rise in GWP. It was down by 11% in Asia Pacific and 7% in Latin America

Zurich said property and casualty claims related to COVID-19, net of reduced claim frequency, were unchanged at approximately $450m as at September 30, 2020.

Share Story: