rendez-vous de septembre monte-carlo september, 2002 patrick snowball executive director, aviva uk...
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Rendez-Vous de SeptembreRendez-Vous de SeptembreMonte-Carlo Monte-Carlo
September, 2002September, 2002
Patrick SnowballPatrick SnowballExecutive Director, AvivaExecutive Director, Aviva
UK General Insurance MarketUK General Insurance Market
AgendaAgenda
• £ / € Conversion Rate 1.6
Motor
General Liability
Domestic Property
Commercial Property
Introduction
UK GI Industry “Insurance Profit”UK GI Industry “Insurance Profit”
-5
-4
-3
-2
-1
0
1
2
3
4
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
-25
-20
-15
-10
-5
0
5
10
15
20
Underwriting Result Investment Income "Insurance profit""Insurance Profit" % of Premiums Written
Euro billion% of Written Premiums
Source : Warburg Dillon Read “UK Insurance Prospects” (February 1999) - 1998 -2000
Motor Underwriting ResultsMotor Underwriting Results
-3000
-2500
-2000
-1500
-1000
-500
0
500
1000
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
-25
-20
-15
-10
-5
0
5
10
Underwriting Result % of Premiums
Motor PremiumsMotor Premiums2001 € 14,217 million2001 € 14,217 million
Source : ABI - Insurance Statistics Yearbook 1990-2001
% o
f P
rem
ium
s
Un
de
r w
riti
ng
Re
su
lt (
Eu
ro m
illi
on
)
-1000
-500
0
500
1000
1500
2000
1993 1994 1995 1996 1997 1998 1999 2000 2001
-15
-10
-5
0
5
10
15
20
25
Underwriting Result % of Premiums
% o
f P
rem
ium
s
Un
de
r w
riti
ng
Re
su
lt (
Eu
ro m
illi
on
)
Domestic Property PremiumsDomestic Property Premiums2001 € 6,624 million2001 € 6,624 million
Source : ABI - Insurance Statistics Yearbook 1993-2001
Domestic Property U/W ResultsDomestic Property U/W Results
Commercial Property U/W ResultsCommercial Property U/W Results
-600
-400
-200
0
200
400
600
1993 1994 1995 1996 1997 1998 1999 2000 2001-15
-10
-5
0
5
10
15
Underwriting Result % of Premiums
% o
f P
rem
ium
s
Un
de
r w
riti
ng
Re
su
lt (
Eu
ro m
illi
on
)
Commercial Property PremiumsCommercial Property Premiums2001 € 3,688 million2001 € 3,688 million
Source : ABI - Insurance Statistics Yearbook 1993-2001
General Liability Underwriting ResultsGeneral Liability Underwriting Results
-1000
-800
-600
-400
-200
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001-60
-50
-40
-30
-20
-10
0
Underwriting Result % of Premiums
% o
f P
rem
ium
s
Un
de
r w
riti
ng
Re
su
lt (
Eu
ro m
illi
on
)
General Liability PremiumsGeneral Liability Premiums2001 € 2,871 million2001 € 2,871 million
Source : ABI - Insurance Statistics Yearbook 1990-2001
UK General Business Premium Income By Class of BusinessUK General Business Premium Income By Class of Business
NWP - Net Written Premiums
Source : ABI Insurance Statistics Yearbook 1991-2001
2000
Motor
1998 1999
Domestic Property
Commercial Property
General Liability
NWP
10,418
7,025
3,383
2,5593,443
11,270
6,220
3,505
2,0843,837
NWPNWP
€ million
Pecuniary Loss
Accident and Health 4,590 4,825
Marine, A & T 816 625
Total 32,235 32,366
12,634
6,249
3,686
2,0114,007
5,675
576
34,838
2001
NWP
14,217
6,624
3,688
2,8714,514
6,352
735
39,001
Underwriting Results by Class of BusinessUnderwriting Results by Class of Business
Motor
1998 1999 2000
Domestic Property
Commercial Property
Pecuniary Loss
General Liability
€ million
(2,366)
(457)
(92)
348
(657)
(1,473)
(696)
(420)
239
(551)
Source : ABI - Insurance Statistics Yearbook 1991-2001
Marine, A & T (66) (140)
Accident and Health (43) (12)
Total (3,333) (3,031)
(2,088)
(335)
(325)
465
(379)
(39)
(118)
(2,818)
2001
(197)
(580)
143
227
(912)
(187)
101
(1,405)
€ million € million € million