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General Insurance Insights Dashboard

General Insurance Insights Dashboard

The interactive dashboards provide a summary of key performance statistics, separately by Institution and Product Class.


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The Dashboards which accompany the General Insurance Industry Review report contain a range of interactive charts and graphs presenting the key industry performance metrics for the past 5 years.

Following the release of revised APRA data on 13 and 28 May 2020, our institutional and product level dashboard has been updated using data as at 31 December 2019 and March 2020 respectively.

Two views of the industry statistics are presented:

All data has been sourced from the APRA General Insurance publications. Further information on methodology is provided within each Dashboard.

The interactive dashboards allow you to view the data at various levels. The Institution Level Dashboard also enables you to compare an individual insurer’s metrics with another insurer, and to all insurers operating in the same market segment.

Product Level Dashboard commentary

The following key high level observations are from our Product Level Dashboard (last updated March 2020):

Gross Written Premium (GWP)

  • In the 12 months to 31 March 2020, GWP has increased by 6.7 percent, with CTP being the only major class of business with a reduction in GWP.
  • Across the major personal and commercial classes of business excluding CTP and Other, the GWP has increased by 7.9 percent driven by the growth across the commercial classes. In particular, Commercial Property and Professional Indemnity has seen premium growth rates of 14.1 percent and 24.1 percent respectively. Both of these increases have been driven by premium rate rather than an increase in the number of risks being written, for instance Professional Indemnity has seen an increase in average premium of more than 42 percent compared to the prior 12 months.
  • Personal lines business has seen growth slightly below the overall average.
  • The reduction in CTP is a combination of the impact of the new scheme in NSW as well as benign experience across all states.

Underwriting Profitability

  • In the 12 months to 31 March 2020, Underwriting Profitability has decreased by almost 50 percent compared to the previous 12 month period to $1.5 billion. Underwriting Profitability has dropped for all major classes with the exception of the Motor and Commercial Property classes where there has been a modest increase. However, commercial property remains profitable.
  • In Q1 2020, underwriting performance resulted in a loss of $1.0 billion, which was worse than the underwriting loss made the same financial quarter in 2019 of $0.2 billion. The main contributors to the increase from 2019 were:
    • The natural catastrophes in Q1 including bushfires and hailstorms, both of which occurred in January, and East Coast storms in February.
    • Reductions in prior period releases across the long-tail lines relative to earlier years.
    • Offset by an increase in the risk-free yield curve of approximately 50 basis point in January 2020, which has impacted all long-tail lines. However, overall profitability at a company level has not been impacted due to the offsetting decrease in investment income from unrealised investment gains.
    • In the Q1 financial results, the impact of COVID-19 is unlikely to have been material for most lines of business. We expect changes in Underwriting Profitability as a result of COVID-19 to emerge over the next 12 months starting with the Q2 financial results.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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