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Published byMaurice Henderson Modified over 8 years ago
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Insurance Directorate – Update on Current Issues General Insurance Grace von Offenberg Sweeney, Deputy Head for Actuarial TJ Bourke, Senior Actuarial Advisor
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General Insurance Sector in Ireland SAI Annual Convention – General Insurance Forum Increasing injury claims Low prices
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Motor Car Insurance CSO Index & Events SAI Annual Convention – General Insurance Forum
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Motor Car Insurance Index v’s Consumer Price Index SAI Annual Convention – General Insurance Forum
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General Insurance Sector in Ireland SAI Annual Convention – General Insurance Forum Increasing injury claims Low prices
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General Insurance Sector in Ireland SAI Annual Convention – General Insurance Forum Increasing competition Investment income decline
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General Insurance Sector in Ireland SAI Annual Convention – General Insurance Forum FOE- Subsidiaries Prudentially Regulated by CBI FOS - Branches
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Motor Profitability Challenges SAI Annual Convention – General Insurance Forum Note: Accident Year: Weighted average COR of the 6 largest companies excluding Irish branches. Financial Year: Statutory returns includes all motor classes of business.
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Private Motor Claims Cost per unit exposure SAI Annual Convention – General Insurance Forum Exposure: Earned Vehicle Years
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Private Motor Injury Burning Cost per unit exposure SAI Annual Convention – General Insurance Forum
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Private Motor Injury Claim Frequency Trends SAI Annual Convention – General Insurance Forum
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Private Motor Injury Severity Claim Trends SAI Annual Convention – General Insurance Forum
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Private Motor Damage Burning Cost per unit exposure SAI Annual Convention – General Insurance Forum
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Claims Trend Summary SAI Annual Convention – General Insurance Forum Time lag between results and price change Growing uncertainty in claims Caution on taking pre-emptive credit for mix
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Developing the Role of the Actuarial Function SAI Annual Convention – General Insurance Forum Protection of Consumer Opinions to Board
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Targeted Regulatory Focus Continued vigilance injury settled claims Building an analytical platform Flexing supervision with on-site inspection Collaboration with other regulators SAI Annual Convention – General Insurance Forum
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Q&A SAI Annual Convention – General Insurance Forum
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