General Insurance Article - Aon launch their latest Insurance Risk Study


Aon has published the fourteenth edition of the Insurance Risk Study: Global Risk, Profitability, and Growth Metrics at this year’s APCIA annual meeting.

 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.

  

  

  

  

Back to Index


Similar News to this Story

More robust flood defence planning vital
With new data suggesting that over 100 000 new homes could be built in flood-prone areas in the next five years, Swiss Re’s CEO P&C Reinsurance for UK
2024 year end review for non life insurance run off deals
PwC has just published its 2024 year-end review of non-life insurance run-off deals, which provides an overview of transaction activity and a list of
Directors and Officers insurance landscape shifts
GILC report shows increasing threat of personal liability for ESG failures and growing regulatory burden among major areas of concern for D&Os

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.