Underwriting Industry Outlook 2026-2030
The Australian underwriting industry is projected to experience steady growth from 2026 to 2030, building upon recent financial improvements and adapting to a dynamic risk environment. According to the Australian Prudential Regulation Authority (APRA), the industry reported a net profit after tax of $2.08 billion in the December 2024 quarter, up from $1.54 billion in…
By Helena Lo
Insurance • September 19, 2025
The Australian underwriting industry is projected to experience steady growth from 2026 to 2030, building upon recent financial improvements and adapting to a dynamic risk environment. According to the Australian Prudential Regulation Authority (APRA), the industry reported a net profit after tax of $2.08 billion in the December 2024 quarter, up from $1.54 billion in the previous quarter, with a return on net assets rising to 5.4%. This growth is attributed to increased net earned premiums and stronger investment returns.
Premium increases have been notable in sectors such as Fire and Industrial Special Risks (ISR), Public and Product Liability, and Professional Indemnity. However, the industry’s overall gains have been partially offset by significant investment losses. Companies must continue to navigate emerging risks, regulatory changes, and evolving customer expectations. Keeping up with these trends will enable underwriters to develop innovative products and services that meet the changing market demands.
Technological advancements are reshaping underwriting practices. The integration of AI and machine learning is enhancing risk assessment and pricing strategies. These technologies allow for more accurate and efficient decision-making, ultimately improving financial outcomes.
The industry’s positive outlook underscores the need for skilled underwriting professionals. Our recruitment services can help you identify and attract top talent to ensure your organisation remains competitive and exceeds industry benchmarks. Contact us today to learn more.
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