9.3 Performances of Non-Life Insurance Companies

The performance's indicators: (i) the gross-written premium (the classes' growth — the motor's dominance); (ii) the claims ratio (the incurred-losses' measure — the underwriting's profitability); (iii) the combined ratio (the claims + the expenses: the technical-result's craft); (iv) the reinsurance cession (the net-vs-gross's structure — the retention's level); (v) the underwriting profit vs the investment income (the two-profit structure). The liberalisation- era story: the non-life's steady expansion (the motor's growth-engine — the vehicle-fleet's boom; the fire-and-engineering's faces); the class-mix's character (the motor's dominance — the tariff- class practice; the misc's growth — the health's rise); the catastrophe's exposure (the 2015- earthquake's claims-and-lessons — the fire-policy's earthquake riders' world); the competition's faces (the rate-cutting's pathology — the tariff-discipline's debates; the technical-losses-and- investment-compensation's structure); the honest audit: the underwriting's weakness (the combined-ratio's challenge — the price-war's cost); the claim-service's complaints (the survey- and-settlement's delays — the consumer's frustration); the health-insurance's emergence (the government-scheme's faces — the social-insurance's interface).