2018 has been a positive year for the general insurers, with profits for the year ended 30 June 2018 up 4 percent to $5,010 million, a further improvement on the previous year’s strong result. Our report reveals the key drivers of the strong results and delves into the top 10 emerging trends impacting the industry.
The 2018 KPMG General Insurance Industry Review includes the financial results up to 30 June 2018 of all Australian general insurers. We focus on the key drivers, events, trends and factors that influenced the performance of the general insurance industry throughout 2018. We also highlight the top 10 emerging trends impacting the industry in 2019 and beyond. In this section we reflect on the implications of these current and emerging themes, which may require Australia’s general insurers to significantly adapt the way they do business.