sigma: insurance research

4/2018 sigma No 4/2018: Profitability in non-life insurance: mind the gap

The latest edition of sigma promotes the need for improved underwriting margins in most non-life primary markets. Pricing dynamics may have reached an inflection point with some moderate rate increase since late 2017, but it is too soon to declare a return to hard market conditions. We expect positive economic momentum to support earnings but this alone will not generate sustained improvement in profitability: more rate increases are needed. All told, insurance remains an attractive long-term investment opportunity, having delivered returns comparable with others sectors over the long run, and also offering diversification benefits.

sigma archive


sigma No 3/2018: World insurance in 2017: solid, but mature life markets weigh on growth



sigma No 2/2018: Constructing the future: recent developments in engineering insurance



sigma No 1/2018: Natural catastrophes and man-made disasters in 2017: a year of record-breaking losses