Zurich NA grows P&C GWP 14% YTD to $16.2bn fueled by crop insurance
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Zurich NA grows P&C GWP 14% YTD to $16.2bn fueled by crop insurance

Zurich Insurance company office headquarters

Zurich North America grew P&C gross written premiums by 14% in the first nine months of the year to $16.2bn from $14.3bn in the same period of 2021, with crop insurance contributing almost 40% of the growth.

The carrier said that the premium growth through Q3 benefited from higher-than-expected rate rises, which have been increasing since the beginning of the year and remain above loss cost trends.

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