JP Morgan/Deloitte 2011 General Insurance Survey: 19th Edition
2011: a tough year for insurers - with strong improvement forecast for 2012
The 19th edition of the J.P. Morgan Deloitte General Insurance Survey provides a detailed overview of the current state of the Australian general insurance industry and the industry’s expectations. The report conveys analyses on the key elements of the industry from the perspective of direct underwriters, reinsurers and brokers, including:
- Detailed product information for the current period and industry expectations for the next two years covering issues such as premium rate trends, capacity changes, claims trends, loss and expense ratios
- Perceptions of product profitability
- Distribution trends
- Practitioner views on key issues affecting the industry and particular classes
- Brokers' perceptions of underwriters.
The key themes to emerge from the 2011 survey and our analysis include:
- Rate increases seen in 2011 not enough to offset claims trends
- Premium rates increased in domestic lines, smaller moves in commercial
- Claims trends in personal lines in 2011 were affected adversely by above average natural peril activity.
Download the executive summary and media release for further information.