Underwritten premiums have, nonetheless, reported a slight increase of 2.7% versus a 3.5% progression in 2015.
The combined ratio has deteriorated by 2.9 points, going from 97.8% to 100.7%. this aggravated loss experience is particularly accounted for by the recurrent natural disasters.
It is worth reminding that in 2016, the United States reported 43 large-scale natural disasters, the highest record ever since 1980. Those events had set insurers back 21.6 billion USD, a 40% increase in comparison with the 15.5 billion USD reported in 2015.