Zurich Insurance Group has released its financial outcomes for the first three months of the entire year, and group chief financial officer George Quinn points to “positive operating trends” in the time.
“In EMEA,” noted Zurich, “GWP expanded 8% on a like-for-like basis. Development was driven by a strong performance in a number of countries, most notably in the UK, Switzerland, and Germany. Premium rates increased 9% in business insurance and 2% in retail insurance.
Essentially, on a like-for-like premise, P&C gross composed premium in APAC and Latin America rose 11% and 21%, respectively.
We are especially proud of our colleagues who’ve opened their homes to families fleeing the war.