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London insurers post over 7% premium income growth

Posted On: Oct. 5, 2022 9:15 AM CST

Premium growth

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.