London insurers post over 7% premium income growth
Posted On: Oct. 5, 2022 9:15 AM CST![Premium growth](https://bicontent.businessinsurance.com/8e964fe5-93de-4798-a23f-818cce1a4294.jpg)
According to the International Underwriting Association of London, insurers operating in London enjoyed an aggregate premium income of more than 7% year-on-year in 2021, Reinsurance News reported. The premium growth, to approximately £30 billion ($33.5 billion), was mainly driven inflation-driven claims costs and resulting rate hikes.