The International Association of Engineering Insurers TM. Engineering Insurance Statistics

Transcription

1 IMIA The International Association of Engineering Insurers TM Engineering Insurance Statistics Presented by Allianz Global Corporate & Specialty in September 26 at the IMIA Conference in Boston

2 Development of IMIA Members Premium Change in %

3 Development of Premiums per Line of Business % of total premium (4,5) 9 (12,) (2,) 18 (2,5) 19 (2,5) 37 (4,5) 4 (5,) 91 9 (11,5) (11,) IDI 3.3 (4,) (39,5) (38,) LOP EE M, BE, O CAR, EAR, G (41,5) (42,) (43,5)

4 Premiums and Claims 25 per Country Loss Ratio (%) Israel Finland Denmark Sweden Austria Taiwan Russia Turkey Switzerland Australia Netherlands Canada France Italy Japan Great Britain Spain USA Germany Claims Premiums ,

5 *) Premiums / Claims / Total Amount Loss Ratios all Lines of Business (LoB) Premiums Loss Ratios for all claims and large claims in % *) Note: >= 1. Mill US$ 5

6 *) Premiums / Claims / Loss Ratios M, BE, O Premiums Loss Ratios for all claims and large claims in % *) Note: >= 1. Mill US$ 6

7 *) Premiums / Claims / Loss Ratios LoP Premiums Loss Ratios for all claims and large claims in % *) Note: >= 1. Mill US$ 7

8 *) Premiums / Claims / Loss Ratios EAR, CAR, Guarantee Premiums Loss Ratios for all claims and large claims in % *) Note: >= 1. Mill US$ 8

9 *) Premiums / Claims / Loss Ratios EE Premiums Loss Ratios for all claims and large claims in % *) Note: >= 1. Mill US$ 9

10 *) Premiums / Claims / Loss Ratios IDI Premiums Loss Ratio for claims total and large claims in % Loss ratios express misleading figures due to insufficient data! *) Note: >= 1. Mill US$ 1

11 Number of per LoB Total Engineering IDI EE LoP CAR. EAR. G M.BE.O

12 - Cause of Loss: all LoB A) Faulty Operation B) Faulty Material and Workmanship C) Faulty Design D) Fire E) Explosion F) Natural Hazards G) Other Causes A B C D E F G A B C D E F G A B C D E F G A B C D E F G A B C D E F G

13 - Cause of Loss: M, BE, Others 25 A) Faulty Operation C) Faulty Design E) Explosion G) Flood and Inundation B) Faulty Material and Workmanship D) Fire F) Storm H) Earthquake I) Others A B C D E F G H I

14 - Cause of Loss: LoP 25 A) Faulty Operation C) Faulty Design E) Explosion G) Flood and Inundation B) Faulty Material and Workmanship D) Fire F) Storm H) Earthquake I) Others , ,5 1,5 4, A B C D E F G H I 14

15 25 Cause of Loss : EAR, CAR, Guarantee A) Faulty Operation C) Faulty Design E) Explosion G) Flood and Inundation B) Faulty Material and Workmanship D) Fire F) Storm H) Earthquake I) Others A B C D E F G H I 4 15

16 25 Cause of Loss : EE A) Faulty Operation C) Faulty Design E) Explosion G) Flood and Inundation B) Faulty Material and Workmanship D) Fire F) Storm H) Earthquake I) Others A B C D E F G H I 16

17 25 Cause of Loss: IDI A) Faulty Operation C) Faulty Design E) Explosion G) Flood and Inundation B) Faulty Material and Workmanship D) Fire F) Storm H) Earthquake I) Others Loss history is too small, there are no large losses on record for the business reported 1 5 A B C D E F G H I 17

18 Main Items affected per LoB 25 A) Turbo Generator Sets B) Boilers and Pressure Vessels C) Compressors and other mechanical plants D) Electrical Machines and Equipment E) Production Machinery and Process Equipment F) Lifting and Transportation Equipment G) Chemical Plants H) Electronic Equipment I) Civil Engineering Works J) Erection of Plants K) Other Property Loss history is too small, there are no large losses on record for the business reported ABCDEFGH I JK M. BE. ABCDEFGH I JK LoP ABCDEFGH I JK EAR. CAR. G ABCDEFGH I JK EE ABCDEFGH I JK IDI 18

19 Key to the abbreviations BE CAR EAR EE G IDI LoB LoP M O Boiler Explosion Contractor s All Risks Erection All Risks Electronic Equipment Guarantee Inherent Defects Insurance Line of Business Loss of Profits (MLoP & ALoP) Machinery Breakdown Others Figures are based on information supplied to IMIA by its Member countries. It should be borne in mind that these figures may not always contain IBNR provisions, and that premium patterns may vary between reporting member countries and companies. 19