Revenue and profit take a hit at AI Claims

AI Claims Solutions, a non-life insurer, suffered a fall in both revenue and pre-tax profit for the half-year ended December 31st, hit by warmer than average winter weather and the continuing reduction in accident frequency and repair cycle times.

AI Claims Solutions, a non-life insurer, suffered a fall in both revenue and pre-tax profit for the half-year ended December 31st, hit by warmer than average winter weather and the continuing reduction in accident frequency and repair cycle times.

Revenue fell 21% year-on-year from £60.1m to £47.5m, while profit before tax dropped from £1.7m to £1.2m.

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