Esure Group posts H1 trading update

Esure Group has said in-force policy numbers for H1 2024 were just under 2 million. This is a drop of 12.4% on the same period last year. In contrast, the group said turnover was up by 16.8% to £540m. During H1 it migrated its business to a cloud native platform and decommissioned its legacy technology.

David McMillan, chief executive officer at esure Group, said: “The completion of our complex, multi-year digital transformation programme in the first half of 2024 is a significant milestone for esure.

“The migration of all our customers onto esure’s highly flexible and scalable cloud native platform means we can now shift our focus to realising its immense opportunities: bringing consistently better experiences for customers, and delivering operational improvements for the business to support future growth.”

In addition, the firm’s trading update report stated: “The improvements in written loss ratio over the last 18 months are evident in our H1 profitability, and we are on track to restore strong profitability in 2024 in line with our expectations, and with the non-trading transformation programme spend largely behind us.”


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