Aus & NZ State of Play Market Update

LLOYD'S Aus State of Play Aus Market Update NZ State of Play NZ Market Update ANZ Team Impact on General Insurance Low system growth Higher investment returns Weak economy, reduced demand, affordability Higher ROC Class Property Liability Professional Lines Workers' Comp © Lloyd's Source 2023 Finity Optima Report Claims impact Outlook Additional yield Current state Economic volatility Lower economic inflation Claim propensity Pressures Labour cost Theft and vandalism Wage inflation increases Social inflation / claim propensity Insolvencies Economic downturn Wage inflation increases Medical cost increases RTW reduction 4

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