increased by 26pc from BD1.2m in the first half of last year to BD1.5m in the first half of this year.
Workers Comp On Track for a Fifth Consecutive Year of Underwriting Profits
The workers' compensation market is on track for a fifth consecutive year of underwriting profits
in 2019 despite recent weakening in market fundamentals.
, including both Non-life and Life and Health operations and corporate expenses, were $36 million for the second quarter of 2018 compared to $37 million for the same period of 2017, and $46 million for the half year 2018 compared to $11 million for the same period of 2017.
The firm claimed that it has become South Africa's first operative insurer to relinquish underwriting profits
. The founder of the firm said that its business model solves the conflict of interest inherent in insurance firms.
Summary: The company posted Dh31m in underwriting profits
last year, up 24% compared to Dh25m reported in 2016
Theoretical underwriting profits
and losses can be determined by the Capital Asset Pricing Model.
While the p/c industry has reported three consecutive years of significant underwriting profits
, the commercial auto market reported an underwriting loss for the fifth consecutive year in 2015.
However, RSA made no mention of Zurich's attentions in its half-year report that revealed a 3% fall in total written premiums of PS3.4bn, but pre-tax profits of PS288m, up from PS69m in 2014, including record underwriting profits
for its UK and Canadian operations.
P&C insurers generated underwriting profits
in the last two years.
The underwriting profits
for the nine months ending September 30 this year increased substantially by 79 per cent to BD1.47 million in comparison to BD0.82 million for the same period in 2013.
The underwriting cycles for specialty insurance products are currently in a difficult market phase, resulting in higher underwriting profits