Zurich’s P&C GWP rise by 3%; Z-ECM ratio recorded at 110%

Written by Adam Cadle

12/11/2020

Zurich has seen its property & casualty (P&C) gross written premiums rise by 3% on a like-for-like basis for the nine months ended 30 September 2020 compared to a year earlier.
P&C premiums rose from $26,442m to $27,258m.

There was a recovery in life new business sales in the third quarter with APE up 7% on a like-for-like basis.

Zurich’s capital position remained strong with the Z-ECM ratio estimated at 110% at 30 September 2020. The Swiss Solvency Test ratio as per 30 September 2020 was recorded at 193%.

In order to be more aligned with reporting by the group’s Swiss and European peers, the group intends to change the reporting of its capital position to be based solely on the regulatory Swiss Solvency Test from the fourth quarter of 2020.

Related Articles