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Home > News > Annual review > 09-10 >

The Annual Insurance Industry Review 2009 - 10

Industry statistics

All Business 12 months to September
Year-End	2005	2006	2007	2008	2009
Gross Written Premium ($)	2,991,934,639	3,011,273,374	3,099,077,385	3,260,456,648	3,416,891,966
Net Written Premium ($)	2,533,153,469	2,564,171,240	2,657,163,693	2,807,667,691	2,911,449,528
Net Earned Premium ($)	2,465,493,771	2,543,899,069	2,608,081,917	2,747,509,546	2,857,200,899
Claims Incurred ($)	1,505,345,266	1,609,672,399	1,736,503,436	1,880,923,174	1,845,390,159
Loss Ratio (%)	61.05%	63.28 %	66.58%	68.46%	64.59%
Business Costs (Staff etc) ($)	695,741,650	762,889,565	825,984,278	897,685,308	941,101,455
Combined Ratio (%)	89.28%	93.26 %	98.25%	101.13%	97.53%

Commercial Material Damage and Business Interruption 12 months to September
Year-End	2005	2006	2007	2008	2009
Gross Written Premium ($)	450,024,879	434,899,307	424,814,574	441,340,110	464,184,727
Net Written Premium ($)	269,227,384	250,377,553	248,966,425	277,244,142	283,055,759
Net Earned Premium ($)	264,419,695	259,798,435	249,854,108	270,404,011	275,462,767
Claims Incurred ($)	150,505,061	147,371,640	175,041,037	185,283,249	167,431,550
Loss Ratio (%)	56.92%	56.73%	70.06%	68.52%	60.78%

Domestic Buildings and Contents 12 months to September
Year-End	2005	2006	2007	2008	2009
Gross Written Premium ($)	612,693,480	650,460,420	703,171,694	766,231,827	840,054,112
Net Written Premium ($)	567,460,544	613,482,598	662,679,754	714,632,555	778,957,391
Net Earned Premium ($)	556,581,009	599,295,472	640,728,100	687,754,814	755,435,740
Claims Incurred ($)	417,962,593	477,339,229	535,037,934	566,260,572	541,263,823
Loss Ratio (%)	75.09%	79.65%	83.50%	82.33%	71.65%

Motor Commercial and Private 12 months to September
Year-End	2005	2006	2007	2008	2009
Gross Written Premium ($)	1,080,040,406	1,089,367,152	1,108,091,872	1,159,380,800	1,210,153,486
Net Written Premium ($)	1,048,797,392	1,057,591,852	1,080,683,184	1,128,103,360	1,185,128,372
Net Earned Premium ($)	1,027,933,037	1,061,862,826	1,077,998,789	1,104,655,954	1,157,985,830
Claims Incurred ($)	711,919,892	739,416,181	770,080,686	813,957,780	811,497,477
Loss Ratio (%)	69.26%	69.63%	71.44%	73.68%	70.08%

Marine Hull and Cargo 12 months to September
Year-End	2005	2006	2007	2008	2009
Gross Written Premium ($)	111,855,941	105,606,534	107,516,864	113,768,514	126,435,782
Net Written Premium ($)	79,017,420	79,456,492	79,129,286	94,679,961	108,294,198
Net Earned Premium ($)	76,769,224	76,251,616	77,735,860	90,657,762	104,816,033
Claims Incurred ($)	37,700,349	50,073,714	51,332,230	61,080,313	61,083,237
Loss Ratio (%)	49.11%	65.67%	66.03%	67.37%	58.28%

Liability Professional & Defamation, Directors & Officers and Public Product & Other 12 months to September
Year-End	2005	2006	2007	2008	2009
Gross Written Premium ($)	249,505,862	246,227,459	252,485,737	267,149,616	279,800,946
Net Written Premium ($)	212,258,744	209,527,470	219,954,010	234,968,804	242,850,562
Net Earned Premium ($)	208,768,286	208,852,711	212,870,263	236,853,174	238,435,422
Claims Incurred ($)	78,402,089	79,736,304	70,552,528	91,666,012	114,598,447
Loss Ratio (%)	37.55%	38.18%	33.14%	38.70%	48.06%

Earthquake Domestic, Commercial M.D., Business Interruption and Marine Cargo 12 months to September
Year-End	2005	2006	2007	2008	2009
Gross Written Premium ($)	205,966,145	209,800,798	212,597,837	206,530,977	212,963,164
Net Written Premium ($)	117,868,652	116,064,812	114,429,759	95,928,127	112,741,108
Net Earned Premium ($)	121,644,727	112,504,953	111,343,908	100,074,065	109,982,325
Claims Incurred ($)	2,011,282	1,347,519	2,006,587	16,736,697	6,033,131
Loss Ratio (%)	1.65%	1.19 %	1.80%	16.72%	5.49%

Other Personal Accident, Travel, Livestock and Other 12 months to September
Year-End	2005	2006	2007	2008	2009
Gross Written Premium ($)	281,847,924	274,911,704	290,398,807	306,054,804	283,299,749
Net Written Premium ($)	238,553,329	237,670,464	251,321,275	262,110,742	200,422,138
Net Earned Premium ($)	209,377,799	225,333,056	237,550,889	257,109,766	215,082,782
Claims Incurred ($)	106,844,003	114,387,824	132,452,434	145,938,551	143,482,494
Loss Ratio (%)	51.03%	50.76%	55.76%	56.76%	66.71%

Gross Written Premiums of Business Classes 12 months to September
Year-End	2005	2006	2007	2008	2009
Commercial ($)	450,024,879	434,899,307	424,814,574	441,340,110	464,184,727
Domestic ($)	612,693,480	650,460,420	703,171,694	766,231,827	840,054,112
Motor ($)	1,080,040,406	1,089,367,152	1,108,091,872	1,159,380,800	1,210,153,486
Marine ($)	111,855,941	105,606,534	107,516,864	113,768,514	126,435,782
Liability ($)	249,505,862	246,227,459	252,485,737	267,149,616	279,800,946
Earthquake ($)	205,966,145	209,800,798	212,597,837	206,530,977	212,963,164
Other ($)	281,847,924	274,911,704	290,398,807	306,054,804	283,299,749
Total ($)	2,991,934,639	3,011,273,374	3,099,077,385	3,260,456,648	3,416,891,966

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