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UK General Insurance Market. Rendez-Vous de Septembre Monte-Carlo September, 2002 Patrick Snowball Executive Director, Aviva. Agenda. Introduction. Motor. Domestic Property. Commercial Property. General Liability. £ / € Conversion Rate 1.6. 4. 20. 3. 15. 2. 10. 1. 5. 0. 0. -1.
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UK General Insurance Market Rendez-Vous de SeptembreMonte-Carlo September, 2002Patrick SnowballExecutive Director, Aviva
Agenda Introduction Motor Domestic Property Commercial Property General Liability • £ / € Conversion Rate 1.6
4 20 3 15 2 10 1 5 0 0 -1 -5 -2 -10 -3 -15 -4 -20 -5 -25 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 UK GI Industry “Insurance Profit” % of Written Premiums Euro billion Underwriting Result Investment Income "Insurance profit" "Insurance Profit" % of Premiums Written Source : Warburg Dillon Read “UK Insurance Prospects” (February 1999) - 1998 -2000
Motor Underwriting Results Motor Premiums 2001 € 14,217 million % of Premiums Under writing Result (Euro million) Source : ABI - Insurance Statistics Yearbook 1990-2001
Domestic Property U/W Results Domestic Property Premiums 2001 € 6,624 million % of Premiums Under writing Result (Euro million) Source : ABI - Insurance Statistics Yearbook 1993-2001
Commercial Property U/W Results Commercial Property Premiums 2001 € 3,688 million % of Premiums Under writing Result (Euro million) Source : ABI - Insurance Statistics Yearbook 1993-2001
General Liability Underwriting Results General Liability Premiums 2001 € 2,871 million % of Premiums Under writing Result (Euro million) Source : ABI - Insurance Statistics Yearbook 1990-2001
€ million 1999 2000 1998 2001 NWP NWP NWP NWP Motor 14,217 10,418 11,270 12,634 Domestic Property 6,624 7,025 6,220 6,249 Commercial Property 3,688 3,383 3,505 3,686 General Liability 2,871 2,559 2,084 2,011 4,514 Pecuniary Loss 3,443 3,837 4,007 6,352 4,825 5,675 Accident and Health 4,590 735 Marine, A & T 816 625 576 39,001 Total 32,235 32,366 34,838 NWP - Net Written Premiums Source : ABI Insurance Statistics Yearbook 1991-2001 UK General Business Premium Income By Class of Business
1998 1999 2000 2001 € million € million € million € million Motor (2,366) (1,473) (197) (2,088) Domestic Property (457) (696) (580) (335) Commercial Property (92) (420) 143 (325) Pecuniary Loss 348 239 227 465 General Liability (657) (551) (912) (379) Marine, A & T (66) (140) (187) (39) Accident and Health (43) (12) 101 (118) Total (3,333) (2,818) (3,031) (1,405) Source : ABI - Insurance Statistics Yearbook 1991-2001 Underwriting Results by Class of Business