Zurich UK’s profits down £67m due to claims inflation
Zurich UK has posted a profit of £403m for 2022, compared with £470m in 2021, with bosses blaming the dip on the impact of large losses, claims inflation and the very strong prior-year result.
When asked for more information about the drop in profits, a spokesperson for the insurer said it was due to large losses that were “higher than expected,” and claims inflation which impacted its 2022
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