July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE...

19
July 2014

Transcript of July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE...

Page 1: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

July 2014

Page 2: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

Market Intelligence – Core Products

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 3: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

Market Intelligence – MI Portal

Market Intelligence has launched its MI Portal, that can be accessed by Lloyd’s Managing Agents via Secure Store. Visit https://secure.lloyds.com

MI Portal The MI Portal contains detailed and tailored* analysis for each Managing Agent.

The MI Portal currently contains:

AnalysisMarket Insight Reports (Brazil & Indonesia) that highlight the size of the prize for Lloyd’s in these markets and provides detailed forecasts of the opportunity by line of business. (Future reports include Colombia, Chile, Mexico, Malaysia and the UAE)

Profiles50 local insurer / cedents and broker profiles covering high level financial information, strategy and key classes / segments. (Mexico, India, China, Brazil and Turkey)

Managing Agent Compare Countries*Detailed premium & loss ratio statistics that are tailored to each Managing Agent. (*Tailored Excel dashboard will be hosted securely by September 2014)

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 4: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

Market Intelligence – Team MembersFilip Wuebbeler, Senior ManagerEmail: [email protected] Focus: Team Leader / Northern Europe / Product Development

Lara Green, Soft Intelligence ExecutiveEmail: [email protected] Focus: Country Roundups Development & Roll Out, Blogs

Natalie Armitage, Graduate TraineeEmail: [email protected]: Compare Countries Enhancements, Market Presentation & Class Review

Robert Shearman, MI Data Analyst Email: [email protected] Focus: Compare Countries, Better Market Intelligence Project Work, MI Portal

Chris Brown, Americas Analyst Email: [email protected]: Americas / Italy / Spain / Class Review / Engagement Strategy / MI Surgery Sessions

Tom Grace, Asia Pacific Analyst Email: [email protected]: Asia Pacific / South Africa & Ireland / V25 Strategy

Lewis Baxendine, ApprenticeEmail: [email protected]: Class Review Lite Roll Out, Market Presentation

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 5: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

Market Intelligence – Where we fit in…

CRYSTAL

CRYSTAL provides Lloyd's market

participants with access to international

regulatory & taxation requirements

www.lloyds.com/crystal

MARKET ANALYSIS & BUSINESS

INTELLIGENCE

MARKET ANALYSIS & BUSINESS

INTELLIGENCE provide analysis on past, present and future performance of syndicates and the

market www.lloyds.com/stats

MARKET INTELLIGENCE

MARKET INTELLIGENCE

provides Lloyd's market participants with information on

international insurance markets from a Lloyd’s

perspective

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 6: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012

One-stop shop for country stats(Economic Trends, Insurance Market Size by Class & Lloyd’s Premium Trends by Detailed Class)

* Based on Emails, Telephone Calls, Surgery Session with around 150 Market Participants in 2012/2013

WHAT OUR MARKET SAID*…

Visual Representation(Ability to see trends using via visualisation tools)

Raw data(Ability to download raw data for own analysis)

> MARKET INTELLIGENCE SOLUTION

Compare Countries Tool launched(Tool contains Macro Stats from IMF (2000-2019), Insurance Market Stats (around 60), Lloyd’s detailed premium trends (2000-2013) for 200+ territories

Google Motion Chart(Tool contains visualisation tools developed by Google)

Raw Data available as Excel Pivot Table(Managing Agents can download all underlying data from password-protected Excel spreadsheet on lloyds.com)

www.lloyds.com/CompareCountries

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 7: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012

2014 DEVELOPMENTS (1 of 2)

Enhancing Macro DataAdding further macro data (World Bank, BP Statistics etc.) (gather during January 2014)

www.lloyds.com/CompareCountries

Sharing enhanced Macro DataDashboard Functionality + enhanced Macro data to be shared on lloyds.com for Lloyd’s Managing Agents and a reduced version for Brokers (published on 18 March 2014)

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 8: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012

2014 DEVELOPMENTS (2 of 2)

www.lloyds.com/CompareCountries

Enhancing Insurance Data Adding further dimensions of local insurance classes (as per regulator / association) for Lloyd’s Managing Agents (roll out in July / August 2014)

Enhancing Lloyd’s Data Adding further dimensions (i.e. incurred loss ratios) (where appropriate) for Lloyd’s Managing Agents(explore in July 2014 for publication in MI Portal in September)

Managing Agent Compare CountriesManaging Agents will receive an enhanced version of their tailored data which will include the above enhancements via a Secure Delivery Mechanism (i.e. not hosted on lloyds.com)(September 2014 in MI Portal)

PREMIUM TREND TOP 10 COUNTRIES in 2013to drill down by any dimension and view premium trend, go to tab 1) a). to drill down by any other dimension and view top countries, go to tab 2) a).

to drill down by class and view premium trend cut by geography, go to tab 1) b). to drill down by any other dimension and view full geographic breakdown, go to tab 2) b).

MANAGING AGENT Ranked by MANAGING AGENT Premium

PREMIUMAfrica Americas Asia Europe Oceania (US$ mn)

2000 3.4 48.6 16. 40.7 .8 100 13,688 0.7%2001 3.2 65.4 17.7 48.5 .9 50 5,609 0.9%2002 3.9 76.2 21.7 65.3 1.1 23 2,082 1.1%2003 6.9 88.5 31.9 86.1 2.9 15 935 1.6%2004 8.2 88.6 32.6 95.2 3.9 10 1,931 0.5%2005 7.7 101. 39.2 101.7 4. 7 743 1.0%2006 9.2 137.6 43.1 97.6 5.2 7 380 1.8%2007 9.4 142.7 44.6 106.6 4.4 6 314 2.1%2008 8. 138.6 45.9 113.5 4.6 6 499 1.3%2009 10.1 132.3 46.8 105.7 6.4 6 429 1.4%2010 12.4 130.6 47.8 110.6 9.4 138 10,315 1.3%2011 10.7 133.7 45.2 109.7 9.5 370 36,926 1.0%2012 11.1 163. 49.4 112.8 15.12013 9.4 179.7 54.4 114.1 12.3

LLOYD'S TOTAL Ranked by LLOYD'S TOTAL Premium

PREMIUMAfrica Americas Asia Europe Oceania (US$ mn)

2000 301 8,286 1,067 5,674 308 100 13,688 0.7%2001 296 10,181 1,424 6,757 399 50 5,609 0.9%2002 386 11,543 1,891 8,971 526 23 2,082 1.1%2003 500 11,994 1,979 10,230 757 10 1,931 0.5%2004 538 12,020 1,971 10,812 911 15 935 1.6%2005 534 12,459 2,023 9,963 907 7 743 1.0%2006 572 15,382 2,126 10,063 938 3 677 0.5%2007 572 16,003 2,239 10,091 1,045 5 650 0.8%2008 560 16,127 2,443 10,391 1,160 5 566 0.8%2009 653 16,847 2,763 9,769 1,258 6 499 1.3%2010 702 16,402 3,069 10,289 1,582 144 9,546 1.5%2011 722 17,046 3,660 10,390 2,117 370 36,926 1.0%2012 734 17,816 3,771 10,738 2,3772013 657 19,182 3,814 11,015 2,259

METHOD OF PLACEMENT CLASS OF BUSINESS in 2013to drill down by any other dimension and view top generic classes go to tab 3) a).

to drill down by any other dimension and view full class of business breakdown, go to tab 3) b).

MANAGING AGENT MANAGING AGENT

Entity (US$ mn) Entity (US$ mn)2011 2012 2013 2013

Direct 179.5 202.2 224.3 Marine 158.3Binding Authority 61.8 66.7 74. Energy 98.5Open Market 117.7 135.5 150.3 Casualty 59.2

Reinsurance 129.3 149.2 145.5 Property (D&F) 53.2Facultative 101.3 123.3 119. Property Treaty .4Treaty 9.4 8.1 9.2 Overseas Motor .1XOL 18.6 17.8 17.2 Casualty Treaty .1

Grand Total 308.8 351.4 369.8 Accident & Health .Aviation -UK Motor -Grand Total 369.8

LLOYD'S TOTAL LLOYD'S TOTAL

Lloyd's Total (US$ mn) Lloyd's Total (US$ mn)2011 2012 2013 2013

Direct 17,069 17,819 19,401 Property (D&F) 9,126Binding Authority 8,354 8,862 9,847 Marine 6,670Open Market 8,714 8,957 9,553 Casualty 6,632

Reinsurance 16,866 17,616 17,526 Property Treaty 5,872Facultative 7,307 7,562 7,751 Energy 3,499Treaty 2,022 2,020 1,978 Accident & Health 2,193XOL 7,536 8,034 7,797 Aviation 1,541

Grand Total 33,934 35,435 36,926 Casualty Treaty 751Overseas Motor 470UK Motor 173Grand Total 36,926

to filter all other panels:

to filter all other panels:

to filter all other panels:

BermudaCanadaUnited Kingdom

WORLD

United States of AmericaUnited KingdomCanadaAustraliaBermudaJapanFranceItalyGermanySwitzerland - Other

Switzerland

WORLD - OtherNorway

BrazilNetherlandsJapanAustralia

to filter all panels:

United States of America

Managing Agent

Lloyd's Total

Market Share

Managing Agent

Lloyd's Total

Market Share

0

50.

100.

150.

200.

250.

300.

350.

400.Africa Americas Asia Europe Oceania

Country

Trinidad and Tobago

Tunisia

Turkey

Turkmenistan

Turks and Caicos Islands

Tuvalu

Uganda

Ukraine

United Arab Emirates

United Kingdom

United States Minor Outlyin...

United States of America

Uruguay

US Virgin Islands

Uzbekistan

Vanuatu

Venezuela

Vietnam

Wallis and Futuna Islands

Western Sahara

Yemen

YEMEN DEM

Yugoslavia

Zambia

Zimbabwe

Continent

Africa

Americas

Asia

Europe

Oceania

Sub-Continent

Antarctica

Australia and New Zealand

Caribbean

Central America

Central Asia

Eastern Africa

Eastern Asia

Eastern Europe

Melanesia

Micronesia

Middle Africa

Northern Africa

Northern America

Northern Europe

Polynesia

South America

South-Eastern Asia

High Level Class

Accident & Health

Aviation

Casualty

Casualty Treaty

Energy

Marine

Overseas Motor

Property (D&F)

Property Treaty

Generic Class

Accident & Health (direct)

Agriculture & Hail

Airline

Airline/ General Aviation

Aviation Products/ Airport Li...

Aviation XL

BBB/ Crime

Cargo

Contingency/ Other Pecuniary

Cyber Liability

Difference in Conditions

Directors & Officers

Directors & Officers (non-US)

Directors & Officers (US)

0

20

40

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100

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140

160

BindingAuthority

Open Market Facultative Treaty XOL

Direct Reinsurance

2011 2012 2013

Method of Placement

Binding Authority

Facultative

Open Market

Treaty

XOL

-

2,000

4,000

6,000

8,000

10,000

12,000

BindingAuthority

Open Market Facultative Treaty XOL

Direct Reinsurance

2011 2012 2013

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000Africa Americas Asia Europe Oceania

United States of America

27%United

Kingdom13%

Canada6%

Bermuda4%

Australia3%

Japan2%

Netherlands2%

Brazil2%

Switzerland2%

Norway2%

- Other37%

% in chart labelsindicate share

of managingagent total, not

managing agent share ofLloyd's total

United States of America

37%

United Kingdom

15%

Canada6%Australia

5%

Bermuda3%

Japan2%

France2%

Italy2%

Germany1%

Switzerland1% - Other

26%

% in chart labelsindicate share

of Lloyd's total, notmanaging agent share of

Lloyd's total

Property (D&F)

Marine

Casualty

Property Treaty

Energy

Accident & Health

Aviation

Casualty Treaty

Overseas Motor

UK Motor

0 5,000 10,000

- 50. 100. 150. 200.

Marine

Energy

Casualty

Property (D&F)

Property Treaty

Overseas Motor

Casualty Treaty

Accident & Health

Aviation

UK Motor

Insurance Type

Direct

Reinsurance

https://secure.lloyds.com

MI Portal

MI Portal is designed for sharing sensitive and tailored Market Intelligence with Managing Agents

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 9: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012* Based on Emails, Telephone Calls, Surgery Session with around 150 Market Participants in 2012/2013

WHAT OUR MARKET SAID*…

www.lloyds.com/Countryprofiles

Standardised Country Fact Sheet(Quick summary of Lloyd’s business, insurance markets and macroeconomic indicators; Lloyd’s licence)

Latest update on economy & political situation in key markets(Ability to see latest economic & political analysis)

List of top insurers/cedants, key classes & Lloyd’s stats by country(Top market players, classes of business, Lloyd’s business profiles by class, office contact details)

> MARKET INTELLIGENCE SOLUTION

Country Profiles launched(54 Country Profiles on the world’s top insurance markets)

Economic & Political Summary(Partnership with Global Insight allows the team to concentrate on insurance market analysis)

Key Insurance & Lloyd’s stats(Top Market Players, key classes of business, Lloyd’s business snapshot & summary of Lloyd’s Country Development Plan)

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 10: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012

www.lloyds.com/Countryprofiles

2014 DEVELOPMENTS

Country MI pages which contain all available MI on one page

Country MI pages now available: www.lloyds.com/marketintelligence > Pick a Country

1COUNTRY ROUNDUPS & MI ANALYST DETAILS

2 COUNTRY SNAPSHOT& OFFICE DETAILS

3ALL AVAILABLE MI CORE

PRODUCTS FOR THIS MARKET

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 11: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012* Based on Emails, Telephone Calls, Surgery Session with around 150 Market Participants in 2012/2013

WHAT OUR MARKET SAID*…

www.lloyds.com/Marketpresentations

Detailed insurance & Lloyd’s business trends & outlook(Analysis of premium development in territories where Lloyd’s has a Country Manager)

Summary of key opportunities & challenges for Lloyd’s in market(A Lloyd’s perspective on how our market performs locally)

Outline of local Market Development Initiatives & Events(Summary of key local initiatives and local Lloyd’s events)

> MARKET INTELLIGENCE SOLUTION

Market Presentation launched(Market Presentations covering 28 markets held annually & hosted on lloyds.com)

Business Class & distribution trends(Local intelligence coupled with detailed analysis of soft & hard intelligence tailored to specific markets)

Opportunities for Lloyd’s(Key pointers for who & what to target; meet the Lloyd’s Country Manager & peers from the market)

MANAGING AGENTS & LLOYD’S BROKERS CAN SIGN UP TO BE ON INVITE LIST: www.lloyds.com/misignup

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 12: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012* Based on LMA Working Group + Surgery Sessions during 2012 / 2013

WHAT OUR MARKET SAID*…

www.lloyds.com/ClassReview

Class of business premiums & loss trends by territory(Specialist class of business premium & loss trends by geography)

Comparison of Lloyd’s premiums & loss ratios trends (Class of business premiums and loss trends by geography)

> MARKET INTELLIGENCE SOLUTION

Class Review built with LMA Support(Panel of underwriters used to devise reports in 2010 for US E&S Market)

Class Review roll out for key territoriesTop 4 E&S Markets, Total US, UK, Mexico, Brazil, Turkey, China, India,Japan, Canada, Australia, South Korea

Further commentary added to paint fuller picture(China also includes further commentary in addition to merely stats, this has been applied to any updates or new Class Reviews since)

SIGN UP TO BE ALERTED ON NEW RELEASES: www.lloyds.com/misignup

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 13: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012

www.lloyds.com/ClassReview

2014 DEVELOPMENTS (1 of 2)

© Lloyd’sSource: Market Intelligence, (January 2014)2

overview

Opportunity Matrix

Dimension Score Rationale

Size

Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring;

Growth

Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring;

Performance

Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring;

Distribution

Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring;

Competition

Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring;

Lloyd’s Proposition

Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring;

Overall

Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring; Text for explaining the rationale of scoring;

Good Poor

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 14: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012

www.lloyds.com/ClassReview

2014 DEVELOPMENTS (2 of 2)

Releasing Class Review Lite (April 2014 onwards) (Lloyd’s Class of business premiums and incurred loss ratios (for Managing Agents only) on key territories currently covered by 54 Country Profiles); this will serve as a basis for fuller Class Reviews for key territories where Lloyd’s has a significant presences and/or where market appetite indicates demand for further market analysis)

Lloyd’s Analysis by Lloyd’s High Level Class (Broker Version will only include premium trends)

© Lloyd’s59

Lloyd’s by Year of AccountGross Signed Premium (US$ million) & Incurred Loss Ratio (%)

Aviation

Lloyd’s by Calendar YearGross Signed Premium (US$ million) & Incurred Loss Ratio (%)

Premiums and Loss Ratios

Notes: All Lloyd’s data is on a country of origin basis, gross of RI and acquisition fees.Source: Lloyd’s Market Intelligence calculations based on Xchanging.

0%

20%

40%

60%

80%

100%

120%

140%

160%

0

5

10

15

20

25

30

2008 2009 2010 2011 2012

Direct Reinsurance ILR %

0%

20%

40%

60%

80%

100%

120%

140%

1 2 3 4 5

2008 2009 2010 2011 2012

Year of Cumulative

Account GSP (US$m) 1 2 3 4 5

2008 22.5 84.0% 88.7% 91.4% 93.6% 95.8%

2009 18.5 0.0% 6.9% 10.6% 13.0% #N/A

2010 27.4 0.0% 113.2% 120.9% #N/A #N/A

2011 15.2 0.4% 9.6% #N/A #N/A #N/A

2012 9.2 0.0% #N/A #N/A #N/A #N/A

Incurred Loss Ratio, by Development Year

It is expected that Class Review Lite will morph into a full Class Review*

Dependent on:Market appetiteCountry Manager inputMI Resources

First Example launched:Class Review – Lite – Poland

*local market statistics + commentary

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 15: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012

WHAT OUR MARKET SAID*…

www.lloyds.com/CountryRoundups C SIGN UP TO BE ALERTED ON NEW RELEASES: www.lloyds.com/misignup

Local intelligence from Country Managers(Local news including key news from cedants, local brokers, service companies & coverholders)

“Plugged into key local industry and Lloyd’s events”(Ability for Managing Agents to be notified of key events)

> MARKET INTELLIGENCE SOLUTION

Country Roundups launched(Local news summary sourced from the participating offices were launched for Europe (10) and extended to Asian offices (4) in 2013)

Total universe of 3,600+ sign ups (A marketing list of around 3,600 contacts has been built up since its launch in Q1 2012; sign ups are by geography, which allows Country Managers to target messages to an audience of underwriters & brokers who are interested in a specific territory.

Provides a direct channel to CMs(Provides Country Managers (CMs) with a list of “clients” they can target for Market Development Activities)

Receive notification for new Market Intelligence(Ensuring that Managing Agents & Brokers are notified of material MI updates – i.e. Class Review)

* Based on Emails, Telephone Calls, Surgery Session with around 150 Market Participants in 2012/2013

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 16: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012

www.lloyds.com/CountryRoundups C

2014 DEVELOPMENTS

Redevelop webpage to turn stories into searchable stories that can be archived (end of February 2014)

Seek market feedback on further development (August 2014)

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 17: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012

https://secure.lloyds.com

2014 DEVELOPMENTS (1 of 2)

Launch of MI Portal via Secure Store (July 2014)

1

Log into via Lloyd’s

Authentication Framework (LAF)

2

Click Secure Store

TEAM MEMBERS

WHERE WE FIT IN

COMPARE COUNTRIES

COUNTRY PROFILES

MARKET PRESENTATIONS

CLASS REVIEW

COUNTRY ROUNDUPS

WHERE TO FIND US

MI PORTAL (SECURE STORE)

Page 18: July 2014. Market Intelligence – Core Products TEAM MEMBERS TEAM MEMBERS WHERE WE FIT IN WHERE WE FIT IN COMPARE COUNTRIES COMPARE COUNTRIES COUNTRY PROFILES.

© Lloyd’s 2012

https://secure.lloyds.com

2014 DEVELOPMENTS (2 of 2)

Log into MI Portal via Secure Store (July 2014)

3 Click Market

Intelligence – by Country

4Download

Market Insights Reports

(“Analysis”)

5Download

Broker / Insurer Profiles

6Download

Managing Agent Compare

Countries*

PREMIUM TREND TOP 10 COUNTRIES in 2013to drill down by any dimension and view premium trend, go to tab 1) a). to drill down by any other dimension and view top countries, go to tab 2) a).

to drill down by class and view premium trend cut by geography, go to tab 1) b). to drill down by any other dimension and view full geographic breakdown, go to tab 2) b).

MANAGING AGENT Ranked by MANAGING AGENT Premium

PREMIUMAfrica Americas Asia Europe Oceania (US$ mn)

2000 3.4 48.6 16. 40.7 .8 100 13,688 0.7%2001 3.2 65.4 17.7 48.5 .9 50 5,609 0.9%2002 3.9 76.2 21.7 65.3 1.1 23 2,082 1.1%2003 6.9 88.5 31.9 86.1 2.9 15 935 1.6%2004 8.2 88.6 32.6 95.2 3.9 10 1,931 0.5%2005 7.7 101. 39.2 101.7 4. 7 743 1.0%2006 9.2 137.6 43.1 97.6 5.2 7 380 1.8%2007 9.4 142.7 44.6 106.6 4.4 6 314 2.1%2008 8. 138.6 45.9 113.5 4.6 6 499 1.3%2009 10.1 132.3 46.8 105.7 6.4 6 429 1.4%2010 12.4 130.6 47.8 110.6 9.4 138 10,315 1.3%2011 10.7 133.7 45.2 109.7 9.5 370 36,926 1.0%2012 11.1 163. 49.4 112.8 15.12013 9.4 179.7 54.4 114.1 12.3

LLOYD'S TOTAL Ranked by LLOYD'S TOTAL Premium

PREMIUMAfrica Americas Asia Europe Oceania (US$ mn)

2000 301 8,286 1,067 5,674 308 100 13,688 0.7%2001 296 10,181 1,424 6,757 399 50 5,609 0.9%2002 386 11,543 1,891 8,971 526 23 2,082 1.1%2003 500 11,994 1,979 10,230 757 10 1,931 0.5%2004 538 12,020 1,971 10,812 911 15 935 1.6%2005 534 12,459 2,023 9,963 907 7 743 1.0%2006 572 15,382 2,126 10,063 938 3 677 0.5%2007 572 16,003 2,239 10,091 1,045 5 650 0.8%2008 560 16,127 2,443 10,391 1,160 5 566 0.8%2009 653 16,847 2,763 9,769 1,258 6 499 1.3%2010 702 16,402 3,069 10,289 1,582 144 9,546 1.5%2011 722 17,046 3,660 10,390 2,117 370 36,926 1.0%2012 734 17,816 3,771 10,738 2,3772013 657 19,182 3,814 11,015 2,259

METHOD OF PLACEMENT CLASS OF BUSINESS in 2013to drill down by any other dimension and view top generic classes go to tab 3) a).

to drill down by any other dimension and view full class of business breakdown, go to tab 3) b).

MANAGING AGENT MANAGING AGENT

Entity (US$ mn) Entity (US$ mn)2011 2012 2013 2013

Direct 179.5 202.2 224.3 Marine 158.3Binding Authority 61.8 66.7 74. Energy 98.5Open Market 117.7 135.5 150.3 Casualty 59.2

Reinsurance 129.3 149.2 145.5 Property (D&F) 53.2Facultative 101.3 123.3 119. Property Treaty .4Treaty 9.4 8.1 9.2 Overseas Motor .1XOL 18.6 17.8 17.2 Casualty Treaty .1

Grand Total 308.8 351.4 369.8 Accident & Health .Aviation -UK Motor -Grand Total 369.8

LLOYD'S TOTAL LLOYD'S TOTAL

Lloyd's Total (US$ mn) Lloyd's Total (US$ mn)2011 2012 2013 2013

Direct 17,069 17,819 19,401 Property (D&F) 9,126Binding Authority 8,354 8,862 9,847 Marine 6,670Open Market 8,714 8,957 9,553 Casualty 6,632

Reinsurance 16,866 17,616 17,526 Property Treaty 5,872Facultative 7,307 7,562 7,751 Energy 3,499Treaty 2,022 2,020 1,978 Accident & Health 2,193XOL 7,536 8,034 7,797 Aviation 1,541

Grand Total 33,934 35,435 36,926 Casualty Treaty 751Overseas Motor 470UK Motor 173Grand Total 36,926

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BermudaCanadaUnited Kingdom

WORLD

United States of AmericaUnited KingdomCanadaAustraliaBermudaJapanFranceItalyGermanySwitzerland - Other

Switzerland

WORLD - OtherNorway

BrazilNetherlandsJapanAustralia

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United States of America

Managing Agent

Lloyd's Total

Market Share

Managing Agent

Lloyd's Total

Market Share

0

50.

100.

150.

200.

250.

300.

350.

400.Africa Americas Asia Europe Oceania

Country

Trinidad and Tobago

Tunisia

Turkey

Turkmenistan

Turks and Caicos Islands

Tuvalu

Uganda

Ukraine

United Arab Emirates

United Kingdom

United States Minor Outlyin...

United States of America

Uruguay

US Virgin Islands

Uzbekistan

Vanuatu

Venezuela

Vietnam

Wallis and Futuna Islands

Western Sahara

Yemen

YEMEN DEM

Yugoslavia

Zambia

Zimbabwe

Continent

Africa

Americas

Asia

Europe

Oceania

Sub-Continent

Antarctica

Australia and New Zealand

Caribbean

Central America

Central Asia

Eastern Africa

Eastern Asia

Eastern Europe

Melanesia

Micronesia

Middle Africa

Northern Africa

Northern America

Northern Europe

Polynesia

South America

South-Eastern Asia

High Level Class

Accident & Health

Aviation

Casualty

Casualty Treaty

Energy

Marine

Overseas Motor

Property (D&F)

Property Treaty

Generic Class

Accident & Health (direct)

Agriculture & Hail

Airline

Airline/ General Aviation

Aviation Products/ Airport Li...

Aviation XL

BBB/ Crime

Cargo

Contingency/ Other Pecuniary

Cyber Liability

Difference in Conditions

Directors & Officers

Directors & Officers (non-US)

Directors & Officers (US)

0

20

40

60

80

100

120

140

160

BindingAuthority

Open Market Facultative Treaty XOL

Direct Reinsurance

2011 2012 2013

Method of Placement

Binding Authority

Facultative

Open Market

Treaty

XOL

-

2,000

4,000

6,000

8,000

10,000

12,000

BindingAuthority

Open Market Facultative Treaty XOL

Direct Reinsurance

2011 2012 2013

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000Africa Americas Asia Europe Oceania

United States of America

27%United

Kingdom13%

Canada6%

Bermuda4%

Australia3%

Japan2%

Netherlands2%

Brazil2%

Switzerland2%

Norway2%

- Other37%

% in chart labelsindicate share

of managingagent total, not

managing agent share ofLloyd's total

United States of America

37%

United Kingdom

15%

Canada6%Australia

5%

Bermuda3%

Japan2%

France2%

Italy2%

Germany1%

Switzerland1% - Other

26%

% in chart labelsindicate share

of Lloyd's total, notmanaging agent share of

Lloyd's total

Property (D&F)

Marine

Casualty

Property Treaty

Energy

Accident & Health

Aviation

Casualty Treaty

Overseas Motor

UK Motor

0 5,000 10,000

- 50. 100. 150. 200.

Marine

Energy

Casualty

Property (D&F)

Property Treaty

Overseas Motor

Casualty Treaty

Accident & Health

Aviation

UK Motor

Insurance Type

Direct

Reinsurance

Tailored premium stats for each Managing Agents

Managing Agent Lloyd’s benchmarking statistics

*To be released in September 2014

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