This time last year, esure (ESUR) raised a few eyebrows by forecasting gross written premium growth in 2016 of 10-15 per cent and a 4-6 per cent growth in policy numbers. This looked to be a hard ask, but in fact the motor and home insurer's gross written premiums rose by 19 per cent, while in-force policies were up by 8.6 per cent at 2.17m. The dividend is up, helped by a capital boost from the GoCompare.com (GOCO) demerger, and the latter business is also progressing well thusfar. to enjoy limited access to the following:
Following a 19% growth in written premiums and an 8.6% growth in in-force policies last year to 2.17 million, Esure set a target of 3 million in-force home and motor insurance policies by 2020. This year, the insurer launched an additional 12 segments for motor insurance, meaning the company can quote on 70% to 80% of the motor market without taking any material increase in risk. The company’s new business model is based around its “premium insurance” business, which it says will be able to offer more comprehensive coverage than other insurers because it has access to data from all 50