Members who subscribe to the Property Syndicate receive a six monthly report which consists of a database and summary including data from 1 January 2002. The information assists members in reviewing their own business in comparison to the whole industry, also with the option to drill down to the individual record level.
The Commercial Property Database consist of individual claims and policy records for both member company and industry which can be used for investigation at the micro level or allow members to create their own analyses.
The Commercial Property Summary is an interactive spreadsheet which provides some useful tools for high level analysis via overall summaries and claim development tables. A member can view how their own data trends across a number of selected statistics compared to the industry.
The table below provides an indication of the types of data collected and reported on to members of the ISA Property Syndicate as at December 2016. The figures represent 12 monthly rolling averages for Australia as a whole.
|Claim type||Burning Cost¹||Claim Frequency per $100m ²|
1 Burning Cost = Claims Incurred (r12) / Sum Insured (r12) *100
2 Claim Frequency = Number of Claims (r12) / Sum Insured (r12) per
More recent and detailed data is available only to members or to assist with matters of public interest (see Frequently Asked Questions).