Storm costs

July and August weather event claims estimated to be $68 million
See historical damage figures »»

Property Valuations and Demolition Costs

Property valuations and demolition costs: a caution for commercial property owners
more »»

New Fair Insurance code

The obligations for both you and your insurer.
more »»

Foreign Travel

Insurance tips from the Insurance Council.

more »»

The Annual Insurance Industry Review 2006 - 07

Industry statistics

All Business 12 months to September
Year-End	2002	2003	2004	2005	2006
Gross Written Premium ($)	2,322,741,706	2,688,889,035	2,843,300,310	2,991,934,639	3,011,273,374
Net Written Premium ($)	1,882,508,788	2,171,688,948	2,355,817,527	2,533,153,469	2,564,171,240
Net Earned Premium ($)	1,764,767,026	2,041,364,511	2,283,372,355	2,465,493,771	2,543,899,069
Claims Incurred ($)	1,199,388,277	1,291,591,361	1,435,993,453	1,505,345,266	1,609,672,399
Loss Ratio (%)	67.96 %	63.27 %	62.89 %	61.05%	63.28 %
Business Costs (Staff etc) ($)	483,795,543	560,244,848	631,827,986	695,741,650	762,889,565
Combined Ratio (%)	95.38 %	90.72 %	90.56 %	89.28%	93.26 %

Commercial Material Damage and Business Interruption 12 months to September
Year-End	2002	2003	2004	2005	2006
Gross Written Premium ($)	342,251,713	443,546,637	467,729,535	450,024,879	434,899,307
Net Written Premium ($)	192,730,066	249,992,272	277,570,590	269,227,384	250,377,553
Net Earned Premium ($)	168,546,714	224,330,356	276,852,324	264,419,695	259,798,435
Claims Incurred ($)	123,091,798	128,431,329	175,616,248	150,505,061	147,371,640
Loss Ratio (%)	73.03 %	75.25 %	63.43 %	56.92%	56.73%

Domestic Buildings and Contents 12 months to September
Year-End	2002	2003	2004	2005	2006
Gross Written Premium ($)	503,858,351	550,576,291	567,171,746	612,693,480	650,460,420
Net Written Premium ($)	457,560,289	497,836,604	526,273,977	567,460,544	613,482,598
Net Earned Premium ($)	446,088,214	482,530,024	515,714,410	556,581,009	599,295,472
Claims Incurred ($)	326,573,836	342,618,474	395,537,263	417,962,593	477,339,229
Loss Ratio (%)	73.21 %	71.00 %	76.70 %	75.09%	79.65%

Motor Commercial and Private 12 months to September
Year-End	2002	2003	2004	2005	2006
Gross Written Premium ($)	863,045,402	968,606,030	1,039,300,352	1,080,040,406	1,089,367,152
Net Written Premium ($)	814,886,059	917,677,391	999,743,136	1,048,797,392	1,057,591,852
Net Earned Premium ($)	772,451,206	870,938,248	963,820,423	1,027,933,037	1,061,862,826
Claims Incurred ($)	575,302,364	634,174,990	673,105,579	711,919,892	739,416,181
Loss Ratio (%)	74.48 %	72.81 %	69.84 %	69.26%	69.63%

Marine Hull and Cargo 12 months to September
Year-End	2002	2003	2004	2005	2006
Gross Written Premium ($)	114,431,771	113,000,957	111,397,160	111,855,941	105,606,534
Net Written Premium ($)	73,567,014	77,160,878	78,733,731	79,017,420	79,456,492
Net Earned Premium ($)	65,058,905	78,685,647	79,753,409	76,769,224	76,251,616
Claims Incurred ($)	38,993,487	42,222,804	34,064,514	37,700,349	50,073,714
Loss Ratio (%)	59.94 %	53.66 %	42.71 %	49.11%	65.67%

Liability Professional & Defamation, Directors & Officers and Public Product & Other 12 months to September
Year-End	2002	2003	2004	2005	2006
Gross Written Premium ($)	163,803,075	217,329,568	229,924,380	249,505,862	246,227,459
Net Written Premium ($)	132,057,009	167,734,871	183,692,733	212,258,744	209,527,470
Net Earned Premium ($)	116,224,015	151,436,110	173,920,406	208,768,286	208,852,711
Claims Incurred ($)	50,851,357	65,995,100	63,428,901	78,402,089	79,736,304
Loss Ratio (%)	43.75%	43.58 %	36.47 %	37.55%	38.18%

Earthquake Domestic, Commercial M.D., Business Interruption and Marine Cargo 12 months to September
Year-End	2002	2003	2004	2005	2006
Gross Written Premium ($)	149,673,188	197,655,611	207,596,836	205,966,145	209,800,798
Net Written Premium ($)	72,055,679	108,176,575	115,756,806	117,868,652	116,064,812
Net Earned Premium ($)	59,611,133	92,484,681	109,184,229	121,644,727	112,504,953
Claims Incurred ($)	276,051	1,764,819	2,539,356	2,011,282	1,347,519
Loss Ratio (%)	0.46 %	1.91 %	2.33 %	1.65%	1.19 %

Other Personal Accident, Travel, Livestock and Other 12 months to September
Year-End	2002	2003	2004	2005	2006
Gross Written Premium ($)	185,678,206	198,173,941	220,180,301	281,847,924	274,911,704
Net Written Premium ($)	139,652,672	153,110,357	174,046,554	238,553,329	237,670,464
Net Earned Premium ($)	136,786,839	140,959,445	164,127,154	209,377,799	225,333,056
Claims Incurred ($)	84,299,384	76,383,845	91,701,592	106,844,003	114,387,824
Loss Ratio (%)	61.63 %	54.19 %	55.87 %	51.03%	50.76%

Gross Written Premiums of Business Classes 12 months to September
Year-End	2002	2003	2004	2005	2006
Commercial ($)	342,251,713	443,546,637	467,729.535	450,024,879	434,899,307
Domestic ($)	503,858,351	550,576,291	567,171,746	612,693,480	650,460,420
Motor ($)	863,045,402	968,606,030	1,039,300,352	1,080,040,406	1,089,367,152
Marine ($)	114,431,771	113,000,957	111,397,160	111,855,941	105,606,534
Liability ($)	163,803,075	217,329,568	229,924,380	249,505,862	246,227,459
Earthquake ($)	149,673,188	197,655,611	207,596,836	205,966,145	209,800,798
Other ($)	185,678,206	198,173,941	220,180,301	281,847,924	274,911,704
Total ($)	2,322,741,706	2,688,889,035	2,843,300,310	2,991,934,639	3,011,273,374