PIC posts 68% rise in new business premiums amid record year for BPA

Specialist DB insurer wrote £6.9bn of new business premiums in 2023

Martin Richmond
clock • 3 min read
Blackwell: We are delighted to have continued investing in vital UK infrastructure and creating considerable social value
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Blackwell: We are delighted to have continued investing in vital UK infrastructure and creating considerable social value

Pension Insurance Corporation (PIC) wrote a total of £6.9bn of new business premiums during the year to 31 December 2023, its full-year results reveal.

The specialist insurer for defined benefit (DB) schemes said new business premiums had increased by 68% during 2023 – from £4.1bn in 2022 to £6.9bn last year. It said it had also seen strong growth...

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