Old Mutual Insure reported a significant recovery following the Covid-19 pandemic, for the year ended 31 December 2021. Its Gross Written Premium grew 8%. Old Mutual Insure’s Personal Lines business grew by 5%. Its net claims ratio improved to 59% compared to 67% in 2020, largely due to the absence of Business Interruption related claims. Old Mutual Insure said it is focused on simplifying its products, processes and IT systems, to unlock further sustainable cost efficiencies.
