... million (increased by 48.2%). Although Motor Vehicle business still suffered from an underwriting loss, the loss reduced from $164 million to $109 million. On reinsurance inward business, gross and net premiums stood at $7.2 billion (increased by 4.6%) and $4.6 billion (increased by 2.9...

..., Motor Vehicle business and Employees’ Compensation business still suffered from the underwriting loss of $226 million and $9 million respectively. On reinsurance inward business, gross and net premiums reached $10 billion (increased by 9.1%) and $6.4 billion (increased by 8.8...

..., turning from a profit of $73 million to a loss of $225 million. On the other hand, although Motor Vehicle business and Employees’ Compensation business still suffered from underwriting losses, the losses shrank from $395 million to $368 million and from $541 million to $172 million respectively....

... million to a profit of $42 million due to adjustment of reserves. General Liability (including Employees’ Compensation) business recorded a profit of $275 million (increased by 35.9%), while underwriting losses suffered by Motor Vehicle business widened by 10% to $404 million. On...

... of maximum property values under the Mortgage Insurance Programme. General Liability business continued to benefit from the effect of standard wage roll declaration for Employees’ Compensation business and expanded by 7.3%, while gross premiums of Motor Vehicle business edged up by 4.3...

... business, the gross and net premiums were $8.3 billion (decreased by 7%) and $4.4 billion (decreased by 24.4%) respectively. The outcome was largely dragged down by Motor Vehicle business, partially offset by better results coming out of Accident & Health business and Property Damage business. The...

... related claims. Underwriting performance for Motor Vehicle business worsened by 58.3% as compared with the corresponding period of 2018, reporting a loss of $49 million, owing to deteriorating claims experience and claims reserve strengthening. On reinsurance inward business, gross and net...

... Business) Statistics for 2022 Motor Vehicle Insurance (Direct Business) Statistics for 2022  Attachment: EC Statistics 2022 Attachment: MV Statistics 2022 18 September 2023 Launch of the Open Application...

... (decreased by 12.3%) respectively as the contraction of Motor Vehicle business outweighed an expansion in Property Damage business and Accident & Health business. Nonetheless, the overall underwriting performance rose from $582 million to $622 million, mainly contributed by a lowering of the net claims...