ERS reports 9% growth in 2019 half year results
ERS, the specialist motor insurer, grows 9% in the first half and delivers £3.1m profit.
The 2019 half-year results, which report GWP of £182m (£167m in 2018) reflect ERS’ capability to discover and grow new segments of specialist motor insurance. The Combined Operating Ratio (COR%) of 102.8% (96.6% in 2018) reflects the change in the discount rate to -0.25%. A strong first half investment income line helped offset the change in the discount rate.
To view the full interim results from ERS, click the link below…..
ERS is the UK’s largest specialist motor only insurer underwritten by Lloyd’s and rated A+. For over 70 years, we have worked directly with brokers to provide bespoke cover for their customers’ specialist requirements.
For these customers’ their vehicle is often at the centre of their livelihood or passion, giving rise to different or specific needs that cannot be met with one-size-fits-all insurance. At ERS we recognise and embrace this difference; it is why we employ teams of underwriters who are experts in their field to understand each risk individually to provide the ideal cover and it is also why brokers have told us that they trust us more than any other insurer with a specialist motor risk.
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