OptimaLite

Optima 2022 Highlights

Key highlight 2022General Insurance ROE After a pandemic-induced collapse in ROEs in FY20, it went from bad to worse in FY21. With ROE of just 2% (2 points lower than FY20), FY21 turned out to be the worst industry ROE outcome in the ‘post HIH era’.
Key highlight 2022Electric Vehicles Feature ArticleWe take a deep dive into the role of insurance and electric vehicles. For insurers, understanding the implications for EV repairs is critical for future claims management in the Motor classes as well as product, underwriting and pricing strategies.
Key highlight 2022Claims Inflation Feature ArticleWe review claims inflation for each of the 10 classes covered by Optima. We consider what insurers should be thinking about including: strategy and risk; pricing product and underwriting; claims, investments; reserving and capital.

OptimaLite summarises key market trends and presents Finity's view of financial forecasts.

As actuaries and strategic analytics experts, we share a deep interest in understanding how the events of FY22 will impact the General Insurance sector into the future. Working with over 400 clients in any given year, our industry expertise and months of research by some of Australia’s leading actuaries, statisticians and management consultants culminates in this in-depth state of the market report.
Andrew Cohen

Optima 2022 Highlights, Andy Cohen

Andy Cohen presents key highlights of the recent performance of the General Insurance industry in Australia including:

  • Overall General Insurance industry outlook
  • Class of business outlook

 

EV
EV

Driving the future - Navigating the road ahead for insurers

This feature article takes a deeper dive into the role of insurance, acknowledging that there are a range of interdependencies with other key components. For insurers, understanding the implications for EV repairs is critical for future claims management as well as product, underwriting and pricing strategies.

Rade Musulin

Optima Feature Article, Electric Vehicles - Rade Musulin

We take a deep dive into the role of insurance and electric vehicles. For insurers, understanding the implications for EV repairs is critical for future claims management in the Motor classes as well as product, underwriting and pricing strategies.

Inflation
Inflation

Claims inflation – What should insurers be thinking about?

This feature article summarises the main inflationary pressures and outlook by class of business, along with key aspects for insurers to consider across different areas of their business as they attempt to successfully navigate current and prospective inflationary headwinds.

Susie Amos

Optima Feature Article, Claims Inflation - Susie Amos

Optima 2022 features a special look at claims inflation for each of the 10 classes covered by Optima. We consider what insurers should be thinking about including: strategy and risk; pricing product and underwriting; claims, investments; and reserving and capital.

Insights to inform & inspire

Scott Collings

Scott Collings

Principal & Managing Director
Andy Cohen

Andy Cohen

Principal
Request a copy of Optima 2022.

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