Analysis: Lloyd’s highlights ‘critical’ attritional loss ratio the market must maintain

13 March 2023

In the handful of metrics posted for its preliminary 2022 results last week, the combined ratio improvement drew most attention, but Lloyd’s was equally keen to stress the “critical” importance of maintaining its sub-50% attritional loss ratio – particularly in a period of broader volatility.

An underwriting metric that CFO Burkhard Keese described as a “core key performance indicator (KPI)”, the attritional loss ratio improved by 0.5

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