2020 Foresight Report: Trends in Non-Life Insurance Underwriting
Table of Contents
1 Executive Summary
2 Global Snapshot: Assessment of Non-life Underwriting Market Dynamics
2.1 Underwriting Profits and Loss Trends
2.2 Analysis of Key Performance Indicators Impacting Underwriting
2.2.1 Developed economies
2.2.2 Emerging economies
3 The Effect of Regulations on Underwriting
3.2 EU Ruling on Gender Neutral Insurance to Affect Underwriting
3.3 Impact of Solvency II on Underwriting
3.4 Solvency II Risk Assessment and Challenges
4 Market Dynamics Related to Economic Risk
4.1 Economic Risk on Non-life Insurance Underwriting
4.2 Market Risk on Non-life Insurance Underwriting
4.2.1 Developed economies
4.2.2 Emerging economies
5 Technological Trends in Underwriting
5.1 Process automation
5.2 Telematics and real-time data in underwriting risk
5.2.1 Insurance telematics in developed countries
5.2.2 Insurance telematics in developing countries
5.2.3 Companies tying up with telematics suppliers to augment insurance telematics offerings
5.2.4 Snapshot of different telematics-based insurance schemes
5.3 Predictive analytics and Big data
5.4 Social Media
6 Natural Disasters and their Impact on Underwriting
6.1 Catastrophe Insurance and Pricing
6.2 Case Studies
6.2.1 Swiss Re – Use of advanced underwriting modelling following the Japanese earthquake
6.2.2 Hurricane Katrina’s effect on property and casualty underwriting industry
6.2.3 2011 Thai Floods and their Subsequent Effect on Underwriting
6.3 Impact of Man-made Disasters
7.2 Contact Us
7.3 About Timetric
List of Tables
Table 1: Non-life Insurance Segment, Underwriting Profitability (US$ Million), 2008–2017
Table 2: Estimated Losses Due to Natural Disasters in The US, 2008–2011
Table 3: Catastrophic Damage Across Various Countries, 2000–2013
Table 4: Estimated Road Traffic Death Rate (Per 100 000 Population), 2010 and 2013
Table 5: Impact of EU Gender Neutral Insurance Ruling on the UK Motor Insurance Policy Prices
Table 6: Non-life Insurance Segment, Emerging Economies, Insurance Frauds (US$ Billion), 2008–2017
Table 7: Non-life Insurance Segment, Emerging Economies, Commissions and Expenses (US$ Billion), 2008–2017
Table 8: Snapshot of Insurance Companies Automating Underwriting
Table 9: Snapshot of Various Telematics-Based Insurance Products
Table 10: Key Natural Disasters to have Impacted the Global Insurance Industry, 2008–2012
Table 11: Insurance Losses Emanating from the Japanese Earthquake/ Tsunami, 2011
Table 12: Insurance Losses Emanating from Thai Floods, 2011
List of Figures
Figure 1: Japanese Non-Life Insurance Segment – Earned Premiums and Gross Claims (US$ Billion), 2008–2012
Figure 2: EU Motor Insurance – Loss Ratio (%), 2008–2017
Figure 3: BRIC Motor Insurance – Loss Ratio (%), 2008–2017
Figure 4: Non-life Insurance Segment in Developed Economies - Loss Ratios (%), Expense Ratios (%) and Combined Ratios (%), 2012
Figure 5: Non-life Insurance Segment in Developed Economies – Loss Ratio (%), 2008–2017
Figure 6: Non-life Insurance Segment in Developed Economies – Expense Ratio (%), 2008–2017
Figure 7: Non-life Insurance Segment in Developed Economies – Combined Ratio (%), 2008–2017
Figure 8: Non-life Insurance Segment in Emerging Economies - Loss Ratios (%), Expense Ratios (%) and Combined Ratios (%), 2012
Figure 9: Non-life Insurance Segment in Emerging Economies – Loss Ratio (%), 2008–2017
Figure 10: Non-life Insurance Segment in Emerging Economies – Expense Ratio (%), 2008–2017
Figure 11: Non-life Insurance Segment in Emerging Economies – Combined Ratio (%), 2008–2017
Figure 12: Regulatory Trends Affecting Insurance Underwriting
Figure 13: Impact of Solvency II on Assets
Figure 14: Why Telematics? – The Value Proposition
Figure 15: Impact of Santam’s New Software Installation in Various Channels
Figure 16: Use of Various Social Media Channels in Insurance Underwriting
Figure 17: Areas In Non-Life Insurance With Maximum Fraud Cases, US, 2012
Figure 18: Outcome of Public Unrests in 2011 for Insurance Underwriting
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