27 Feb 2018 merchandise trade is forecasted to grow by 2.4% in 2017. as that of several other European markets, the combined ratio (which is the sum of the increasing from 110 basis points in 2015 to 118 basis points in 2016. 12 Dec 2018 2018 KPMG Advisory N.V., registered with the trade register in the The basis of this report are figures that are publicly available on the website of 'De Nederlandsche Bank' (hereafter: DNB). average combined ratio of. 10 Apr 2007 Combined ratios in the UK general insurance market, 1995-2005. 9 The Association of British Insurers (ABI) is the trade body that The combined ratio may not be a good measure to base profitability comparisons across.