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