Speciality Focus Helps Insurer profits

Published: 8/22/2010

Hiscox has seen first half profits increase thanks to them working more in the areas of specialised insurance cover, typically concentrating on small businesses and individual with a high net worth.

The decision to move away from the highly competitive and price sensitive areas of insurance has been a good one for Hiscox, seeing profits up by almost 3.5 percent for the first 6 months of the year.

The chairman, Robert Hiscox, was pleased that the strategy of working in specialised areas only, no matter where they are placed geographically, has proved to be a very successful one.