ILC ARTICLE

FM Insurance tops UKGI charts

31st October 2023

FM Insurance has been named the best UKGI insurer in the latest DataLab Underwriting Ratings.

It scored 92% in 2023, up from 69% a year before, with the improvement attributed to a better combined operating ratio.

Also scoring well were SCOR UK (87%), Arch UK (83%), Starr International Europe (83%), Berkshire Hathaway International (79%), International General Insurance Company (75%), and Fidelis Underwriting (74%).

Meanwhile, Nelson was named as the best insurer in Gibraltar with a score of 78% for 2023, up from 57% a year earlier. Acasta European Insurance scored 72% while WDP Insurance and Argus Insurance both scored 71%. 

Insurance DataLab rated every UK and Gibraltar-regulated insurer across three key metrics: COR, aggregate COR over the last three years, and the improvement in the COR for the most recent year.  

Insurance DataLab co-founder Dan King said, “Insurers have faced a challenging time of late, with rampant claims inflation, increasing levels of regulation, and a difficult economic landscape creating a perfect storm. In such a tough market, we’re delighted to recognise these top achievers. Each of our Gold Award winners have demonstrated expertise in delivering best-in-class underwriting performances, and we would like to congratulate them on their success.”