“The Group currently expects to be capital-generative in 2019 and is taking action to improve its solvency capital coverage ratio.”
Those were the words of esure Group plc when it released an update on its solvency capital coverage ratio for 2018. Pointing to “higher than expected claims costs, against a backdrop of lower premiums across the market,” the personal lines insurer estimated last year’s ratio to be in the region of 110%.
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