Slowdown for Australian general insurers
Premium rate increases are way down due to cut-throat pricing, says JPMorgan and Deloitte survey.
Australia's general insurance industry has recorded mixed premium growth numbers for the June 2004 renewals period. Although dwarfed by life insurance, the general sector controls roughly A$76 billion ($54 billion) in assets and writes over A$20 billion ($14 billion) in annual net premium income. However, these amounts may be about to experience a period of prolonged inertia due to cut-throat pricing amongst competitors.
According to a joint JPMorgan and Deloitte survey, the domest…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.