CIMA’s non-life insurance: technical ratios per class of business
| Gross technical ratios | Bodily injury & health | Motor | Fire & other property damage | General third party liability | Marine | Other risks | Total non-life | |
|---|---|---|---|---|---|---|---|---|
| 2020 | Loss ratio | 68.90% | 37.70% | 48.10% | 1.80% | 15.90% | 24.80% | 43.10% |
| ME ratio | 37.20% | 47.60% | 31.40% | 26.60% | 27.80% | 29.80% | 37.10% | |
| Combined ratio | 106.10% | 85.30% | 79.50% | 28.40% | 43.70% | 54.60% | 80.20% | |
| 2019 | Loss ratio | 69.90% | 38.80% | 35.50% | 23.20% | 12.30% | 40.50% | 43.20% |
| ME ratio | 38.60% | 48.20% | 32.30% | 26.40% | 26.90% | 33.50% | 38.20% | |
| Combined ratio | 108.50% | 87.00% | 67.80% | 49.60% | 39.20% | 74.00% | 81.40% | |
| 2018 | Loss ratio | 68.60% | 42.20% | 29.70% | 17.50% | 13.30% | 20.90% | 41.70% |
| ME ratio | 38.50% | 49.50% | 30.60% | 39.40% | 29.40% | 37.30% | 39.70% | |
| Combined ratio | 107.10% | 91.70% | 60.30% | 56.90% | 42.70% | 58.20% | 81.40% | |
| 2017 | Loss ratio | 68.70% | 37.60% | 45.30% | 11.90% | 9.70% | 15.00% | 41.90% |
| ME ratio | 37.70% | 49.20% | 30.90% | 43.90% | 27.40% | 38.50% | 39.60% | |
| Combined ratio | 106.40% | 86.80% | 76.20% | 55.80% | 37.10% | 53.50% | 81.50% | |
| 2016 | Loss ratio | 68.90% | 37.20% | 39.30% | 10.50% | 14.80% | 14.20% | 38.80% |
| ME ratio | 38.40% | 50.00% | 36.30% | 41.60% | 25.10% | 16.30% | 38.30% | |
| Combined ratio | 107.30% | 87.20% | 75.60% | 52.10% | 39.90% | 30.50% | 77.10% | |
| 2015 | Loss ratio | 66.60% | 44.50% | 26.70% | 40.00% | 20.70% | 15.20% | 41.20% |
| ME ratio | 37.00% | 49.00% | 35.20% | 40.60% | 23.40% | 14.00% | 36.40% | |
| Combined ratio | 103.60% | 93.50% | 61.90% | 80.60% | 44.10% | 29.20% | 77.60% | |
| 2014 | Loss ratio | 68.30% | 48.30% | 38.10% | 24.90% | 20.50% | 8.20% | 43.20% |
| ME ratio | 42.10% | 50.70% | 36.40% | 40.40% | 24.10% | 17.30% | 39.30% | |
| Combined ratio | 110.40% | 99.00% | 74.50% | 65.30% | 44.60% | 25.50% | 82.50% | |
| 2013 | Loss ratio | 69.40% | 33.90% | 63.10% | 19.60% | 15.40% | 11.90% | 41.60% |
| ME ratio | 36.10% | 48.60% | 35.80% | 40.00% | 22.50% | 21.90% | 37.00% | |
| Combined ratio | 105.50% | 82.50% | 98.90% | 59.60% | 37.90% | 33.80% | 78.60% | |
| 2012 | Loss ratio | 67.00% | 35.40% | 33.40% | 22.40% | 15.00% | 11.90% | 36.90% |
| ME ratio | 38.50% | 52.10% | 35.90% | 38.40% | 23.00% | 15.40% | 38.20% | |
| Combined ratio | 105.50% | 87.50% | 69.30% | 60.80% | 38.00% | 27.30% | 75.10% | |
| 2011 | Loss ratio | 64.90% | 33.20% | 35.20% | 25.50% | 17.90% | 17.10% | 37.20% |
| ME ratio | 37.00% | 53.50% | 37.40% | 41.70% | 25.70% | 24.40% | 40.30% | |
| Combined ratio | 101.90% | 86.70% | 72.60% | 67.20% | 43.60% | 41.50% | 77.50% |
ME ratio: Management expenses ratio
The analysis of the combined ratio per class of business highlights the following points:
- With the exception of bodily injury & health, all non-life classes of business have combined ratios below 100% for all years.
- The combined ratio of the bodily injury and health class of business is consistently above 100% from 2011 to 2020 with a peak of 110.4% in 2014.
- The combined ratio for motor insurance has never exceeded 100%. The highest rate is also reported in 2014 with 99%. The rate achieved by the market in 2020 is 85.3%, resulting in a technical margin of almost 15%.
- The fire business is technically profitable over the entire period under review, with annual margins sometimes approaching 40%.
- Despite the imbalance in the portfolios, marine insurance has extremely high annual margins of over 50%.
Read also | CIMA’s non-life insurance market
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