Global insurance trends analysis 2018

Pursuit of growth amid cautious optimism.

Growth looked up in 2017 despite margin pressure

  • Led by emerging markets, premium growth improved to ~3% in 2017. ?
  • Profitability remained challenging due to interest rates staying low, despite recent improvements and record NatCat losses in 2017 expected to reverse weak pricing regime in place since 2013.

2017 the largest insured loss year ever

  • Three category 4+ hurricanes along with Californian wildfires and Mexican earthquakes led to largest ever insured losses (US$135b+). ?
  • With 93% of losses, impact was largely concentrated in North America. ?
  • However, on a positive note, average global commercial insurance pricing increased for the first time after 18 quarters.

Technology-led disruption continued to unravel

  • Technology continued to change nature of risk, open doors to new entrants, drive convergence of sectors and create new ecosystems. ?
  • Greater maturity was seen across major technologies, particularly in blockchain where multiple platforms, proofs of concepts and even live products were launched across lines.

Regulatory pressure remained high

  • 2017 saw insurers prepare for transition to new accounting and tax changes such as IFRS 17 and US tax regime change, implement data protection programs in light of regulations such as GDPR and refine qualitative disclosures as follow-up to major changes introduced in recent years such as Solvency II.

M&As: private equity (PE) deals renewed optimism in 2017

  • Although 2017 recorded the lowest number of deals since 2010, total value of deals grew modestly, driven mainly by an increase in US$1b+ deals compared with 2016. ?
  • 2017 saw a significant increase in PE led deals, with three of the top five deals involving PE investors.
logo experttube

Video's op het gebied van Audit & Control, Actuariaat & Risk Management, Juridisch & Fiscale Zaken, Pensioenen, Schade & Hypotheken, Compliance en Investment Management.

Bekijk ons volledige overzicht op

logo CareerTube

Videoplatform met werkenbij-video's van toonaangevende organisaties in de financiële wereld. Met een focus op de finance specialisatie zorgt de koppeling met de 25 (niche) vacaturesites van CareerGuide direct voor een relevant bereik.

Bekijk ons volledige overzicht op