Insurance Post

Dye predicts 2016 private motor turnaround as Allianz UK profits slide

Jon Dye is UK chief executive of Allianz Insurance

Allianz UK has seen a slight deterioration in its combined operating ratio and a £14.4m drop in profits for the third quarter of 2015 despite a 2.7% increase in gross written premiums over the past 12 months.

The insurer chalked up a 97.9% COR for Q3 this year (Q3 2014: 96.9%) alongside an IFRS operating profit of £102.8m (Q3 2014: £117.2m). However, the latest profit figure does not reflect a reduction of

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