Premium levels significantly exceeding both the forecast and 2019
Klapton reported a strong performance for Q1 2020, with premium levels significantly exceeding both the forecast and 2019. Gross written premium for the quarter was €6.0m, compared to the forecast of €3.9m and 2019 €1.8m. This growth has been achieved with important contributions across all regions of our business, particularly Asia and Anglophone Africa.
Importantly we also saw an improvement on forecast in both underwriting profit and net profit as we continue to only accept risks which meet our underwriting guidelines and also only increase our cost base in line with Board approved expenditure.