Domestic &
Commercial Motor
Motor insurance at a crossroads
Australia’s motor insurance market is in a strong position, with the strength is being tested by a rapidly changing vehicle fleet, repair-cost pressures and shifting customer expectations. Watch Tom Moulder explore what is driving profitability now – and why insurers will need to adapt as EVs, advanced driver assistance technologies and market competition reshape the road ahead. 
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.
Domestic motor charts
Lower inflationary pressure and shifting driving patterns boost insurer profits
Please take care when looking at the Gross written premium chart as the APRA data was restated in the Jun26 release, so comparisons between average written premiums in 2025 and 2026 may not be valid.
Refer to About the data for the fine print; September 2023 quarter is excluded from 2024 figures.
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.
Commercial motor charts
Lower inflationary pressure and shifting driving patterns boost insurer profits
Refer to About the data for the fine print; September 2023 quarter is excluded from 2024 figures.
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