IGI Q2 CoR falls 1.4 points to 73.5% as higher earned premiums offset increased net losses
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IGI Q2 CoR falls 1.4 points to 73.5% as higher earned premiums offset increased net losses

Jairo Ibarra
15 August 2023
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International General Insurance’s (IGI) Q2 combined ratio improved 1.4 points to 73.5% as higher net earned premiums offset increased net losses and policy acquisition expenses.

The Q2 underwriting improvement was also driven by a higher favorable reserve development of $15.5mn, compared with $5.5mn a year earlier.

However,

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Jairo Ibarra
Senior Reporter
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