Country Profile on Australia: Insulated but not immune
Source: Asia Insurance Review | Apr 2009
What was regarded a year ago as a problem restricted to the US sub-prime home-mortgage sector has since snowballed into a worldwide financial crisis that key Australian executives in a roundtable discussion say has long-term ramifications for the Australian insurance industry. Twelve industry experts debated on rising rates, fraud concerns, emerging markets as well as climate change, floods, under-insurance, regulations and brokers’ advocacy.
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