Commercial
Property

When softer conditions meet sharper risk selection

Commercial Property insurers are entering a more competitive phase, but the benefits are unlikely to be shared evenly across policyholders. As data, analytics and climate insights sharpen the view of individual risks, the market is putting greater pressure on owners to understand – and actively manage – the risks their properties face. Watch Andrew Yeo unpack what this means for premiums, risk mitigation and the emerging capacity challenge ahead, including the growing focus on data centres.

FY2027 Outlook

Our forecasts for the year ahead

%
%
%

Change in GWP

Change in AWP

Net combined ratio

What’s driving these results?
These forecasts are underpinned by:
More competition between insurers
Softening reinsurance market
Absence of natural catastrophes in recent years
Release of COVID-19 business interruption provisions to decrease.

Charts

Gross written premium

Reporting year ending 30 June

Net combined ratio

Reporting year ending 30 June

Year-on-year change in gross written premium

Reporting year ending 30 June

Gross loss ratio

Reporting year ending 30 June

Refer to about the data for the fine print; September 2023 quarter is excluded from 2024 figures.

Our experts and contributors

Jonathan Cohen

Principal

Ross Simmonds

Director

Scott Duncan

Principal

Andrew Yeo

Manager

Jason Raad

Manager

Luca Di Conza

Consultant

Olivia Ai

Consultant

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