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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 the APRA data on 27 May 2021, our Product Level Dashboard has been updated using data as at 31 March 2021.

Our Institutional Dashboard uses data as at 31 December 2020.

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.

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

Summarises key performance statistics by Institution
(updated May 2021)

Summarises key performance statistics by Product Class
(updated May 2021)



Product Level Dashboard commentary

The following key high level observations are from our Product Level Dashboard (last updated May 2021):

Gross Written Premium (GWP)

  • In the 12 months to 31 March 2021, GWP has increased by 5.7%. There has been slight increases in premiums across all lines of business with the exception of travel.
  • Across the major personal and commercial classes of business excluding CTP, Other and Employers Liability, GWP has increased by 8.4% driven by growth across the commercial classes. In particular, Commercial Property and Professional Indemnity has seen premium growth rates of 12.2% and 20.1% respectively. These increases have been driven by both increases in premium rate and number of risks written, for instance Commercial Property has seen an increase in 5.9% in number of risks and 6% in average premiums, compared to the prior 12 months. In particular, the increase in the number of risks can be attributed to the increase in the December quarter, reflecting improvements in the COVID-19 situation.
  • Commercial Motor Vehicle has seen premium growth slightly higher than the overall average, with an increase in the number of risks offset by a decrease in the average premium.
  • Personal lines business has seen growth in line with the overall average over the past 12 months.
  • CTP has shown relatively neutral growth in premiums over the past 12 months.
  • Other lines of business includes the Travel Insurance product, which continues to have significant drops in written premiums in recent quarters. This is attributed to the impact of COVID-19 on domestic and international travel.

Underwriting Profitability

  • In the 12 months to 31 March 2021, Underwriting Profitability was positive ($1.58b). Underwriting Profitability has seen increases for Domestic motor and Other, offset by negative results in Fire and ISR.
  • The main drivers of the total decrease compared to the previous 12 months are:
    • Insurers were found to be liable to pay out for Business interruption (BI) for COVID-19 for some policies due to policy wordings, leading to overall underwriting losses in the December 2020 Quarter of $1.5 billion in the Fire and ISR class (which contains BI). This continues to be reflected in the 12-month results to 31 March.
    • Continued reductions in prior period releases across the long-tail lines relative to earlier years. This is an important observation and suggests that prudence in reserving for the new SA CTP scheme and Scheme changes in NSW are reaching a more mature state.
    • Offset by decreases in Loss Ratios observed in the past 4 quarters in Commercial and Domestic motor, likely due to the crystallisation of the impacts of COVID-19 on the Motor performance. This decrease however, is more prevalent in the Domestic Motor portfolios due to the impact of COVID-19 on the domestic consumer.
  • In the March 2021 Quarter, underwriting performance resulted in a profit of $0.7 billion, compared to the underwriting losses made the same financial quarter in 2020 of $1 billion.  


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