Underwriting in a Soft Market

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Underwriting in a Soft Market

• Challenges facing Underwriters, Brokers and
  Customers alike
• Dick ODriscoll

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Agenda

• The Potted Picture
• Irelands journey
• Global picture
• Challenges facing
• Underwriters
• Brokers
• Customers
• Hibernian General Insurance

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The Potted Picture
Ireland
IRISH MARKET UNDERWRITING PROFITS
4
The Leading Indicators
Ireland
Industry Loss Ratio
5
Ireland V EuropeWhat makes Ireland different?
Growth in total NWP
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Global Review
The Potted Picture
Global Review
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Global Context Non Life
Source Swiss Re Sigma No 5/2006
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Current position Ireland

• Growth in exposure economic growth of 4.8 in
  2005
• Improved COR from 82 in 2004 to 79 in 2005
• increase in claim numbers (7) countered by
  decrease in average claims awarded (fall of 15
  in GIC)

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HGI Private Motor NWP

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Underwriting Challenges
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Broker Challenges
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Customer Challenges
13
Hibernian The Underwriters Challenges
14
Thank You!