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	2003	2004	2005	2006	2007
Gross Written Premium ($)	2,688,889,035	2,843,300,310	2,991,934,639	3,011,273,374	3,099,077,385
Net Written Premium ($)	2,171,688,948	2,355,817,527	2,533,153,469	2,564,171,240	2,657,163,693
Net Earned Premium ($)	2,041,364,511	2,283,372,355	2,465,493,771	2,543,899,069	2,608,081,917
Claims Incurred ($)	1,291,591,361	1,435,993,453	1,505,345,266	1,609,672,399	1,736,503,436
Loss Ratio (%)	63.27 %	62.89 %	61.05%	63.28 %	66.58%
Business Costs (Staff etc) ($)	560,244,848	631,827,986	695,741,650	762,889,565	825,984,278
Combined Ratio (%)	90.72 %	90.56 %	89.28%	93.26 %	98.25%

Commercial Material Damage and Business Interruption 12 months to September
Year-End	2003	2004	2005	2006	2007
Gross Written Premium ($)	443,546,637	467,729,535	450,024,879	434,899,307	424,814,574
Net Written Premium ($)	249,992,272	277,570,590	269,227,384	250,377,553	248,966,425
Net Earned Premium ($)	224,330,356	276,852,324	264,419,695	259,798,435	249,854,108
Claims Incurred ($)	128,431,329	175,616,248	150,505,061	147,371,640	175,041,037
Loss Ratio (%)	75.25 %	63.43 %	56.92%	56.73%	70.06%

Domestic Buildings and Contents 12 months to September
Year-End	2003	2004	2005	2006	2007
Gross Written Premium ($)	550,576,291	567,171,746	612,693,480	650,460,420	703,171,694
Net Written Premium ($)	497,836,604	526,273,977	567,460,544	613,482,598	662,679,754
Net Earned Premium ($)	482,530,024	515,714,410	556,581,009	599,295,472	640,728,100
Claims Incurred ($)	342,618,474	395,537,263	417,962,593	477,339,229	535,037,934
Loss Ratio (%)	71.00 %	76.70 %	75.09%	79.65%	83.50%

Motor Commercial and Private 12 months to September
Year-End	2003	2004	2005	2006	2007
Gross Written Premium ($)	968,606,030	1,039,300,352	1,080,040,406	1,089,367,152	1,108,091,872
Net Written Premium ($)	917,677,391	999,743,136	1,048,797,392	1,057,591,852	1,080,683,184
Net Earned Premium ($)	870,938,248	963,820,423	1,027,933,037	1,061,862,826	1,077,998,789
Claims Incurred ($)	634,174,990	673,105,579	711,919,892	739,416,181	770,080,686
Loss Ratio (%)	72.81 %	69.84 %	69.26%	69.63%	71.44%

Marine Hull and Cargo 12 months to September
Year-End	2003	2004	2005	2006	2007
Gross Written Premium ($)	113,000,957	111,397,160	111,855,941	105,606,534	107,516,864
Net Written Premium ($)	77,160,878	78,733,731	79,017,420	79,456,492	79,129,286
Net Earned Premium ($)	78,685,647	79,753,409	76,769,224	76,251,616	77,735,860
Claims Incurred ($)	42,222,804	34,064,514	37,700,349	50,073,714	51,332,230
Loss Ratio (%)	53.66 %	42.71 %	49.11%	65.67%	66.03%

Liability Professional & Defamation, Directors & Officers and Public Product & Other 12 months to September
Year-End	2003	2004	2005	2006	2007
Gross Written Premium ($)	217,329,568	229,924,380	249,505,862	246,227,459	252,485,737
Net Written Premium ($)	167,734,871	183,692,733	212,258,744	209,527,470	219,954,010
Net Earned Premium ($)	151,436,110	173,920,406	208,768,286	208,852,711	212,870,263
Claims Incurred ($)	65,995,100	63,428,901	78,402,089	79,736,304	70,552,528
Loss Ratio (%)	43.58 %	36.47 %	37.55%	38.18%	33.14%

Earthquake Domestic, Commercial M.D., Business Interruption and Marine Cargo 12 months to September
Year-End	2003	2004	2005	2006	2007
Gross Written Premium ($)	197,655,611	207,596,836	205,966,145	209,800,798	212,597,837
Net Written Premium ($)	108,176,575	115,756,806	117,868,652	116,064,812	114,429,759
Net Earned Premium ($)	92,484,681	109,184,229	121,644,727	112,504,953	111,343,908
Claims Incurred ($)	1,764,819	2,539,356	2,011,282	1,347,519	2,006,587
Loss Ratio (%)	1.91 %	2.33 %	1.65%	1.19 %	1.80%

Other Personal Accident, Travel, Livestock and Other 12 months to September
Year-End	2003	2004	2005	2006	2007
Gross Written Premium ($)	198,173,941	220,180,301	281,847,924	274,911,704	290,398,807
Net Written Premium ($)	153,110,357	174,046,554	238,553,329	237,670,464	251,321,275
Net Earned Premium ($)	140,959,445	164,127,154	209,377,799	225,333,056	237,550,889
Claims Incurred ($)	76,383,845	91,701,592	106,844,003	114,387,824	132,452,434
Loss Ratio (%)	54.19 %	55.87 %	51.03%	50.76%	55.76%

Gross Written Premiums of Business Classes 12 months to September
Year-End	2003	2004	2005	2006	2007
Commercial ($)	443,546,637	467,729.535	450,024,879	434,899,307	424,814,574
Domestic ($)	550,576,291	567,171,746	612,693,480	650,460,420	703,171,694
Motor ($)	968,606,030	1,039,300,352	1,080,040,406	1,089,367,152	1,108,091,872
Marine ($)	113,000,957	111,397,160	111,855,941	105,606,534	107,516,864
Liability ($)	217,329,568	229,924,380	249,505,862	246,227,459	252,485,737
Earthquake ($)	197,655,611	207,596,836	205,966,145	209,800,798	212,597,837
Other ($)	198,173,941	220,180,301	281,847,924	274,911,704	290,398,807
Total ($)	2,688,889,035	2,843,300,310	2,991,934,639	3,011,273,374	3,099,077,385