Outside of the disaster experience, QBE’s underlying claims performance was broadly stable, with the proportion of X-Cat claims at 59.8% (from 59.7%). The company noted that, excluding risk adjustment and harvest, the ex-cat claims ratio increased from 53.0% to 54.9%, citing adverse experiences, larger losses and business mix shifts in some portfolios. That comment is a useful reality check for brokers: Even if premium rates moderate, loss propensity and large-loss activity remain a live issue, and insurers are likely to keep tighter scrutiny around risk selection, limits, deductibles and risk improvement evidence.
QBE increases profits by over $2 billion with best underwriting results in years & more related News Here
