Evolving from its beginnings as a quantification study for enterprise risk management, we now take an expansive view of many issues related to risk, encompassing the growth dynamics, emerging risks, and operational challenges for insurers globally.
Among the key findings of the study were:
• Global P&C business again produced an underwriting profit in 2018, with a combined ratio of 98.9% - slightly worse than last year’s 98.9% combined ratio
• Motor insurance is the fastest growing line of business, with 6.8% annual growth over the past five years, driven by strong growth in China, Brazil, and the U.S.
• For the fourth year in a row, Malaysia, Indonesia, and Singapore are ranked within the top five positions in Aon’s Country Opportunity Index. All three of these countries have shown low combined ratios, healthy premium and GDP growth, and a stable political environment.
Read the Study
The study is accessible through the Global Insurance Market Opportunities (GIMO) series page along with a series of other articles on modeling terrorism, insurer talent gap, closing the protection gap, and much more!
Aon’s Insurance Risk Study continues to provide the insurance industry with a set of risk parameters for modeling and benchmarking underwriting risk and global profitability. This volume includes critical metrics and parameters that insurers can use to advance their decision making in areas ranging from growth strategy to performance benchmarking, risk tolerance, and capital management.
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