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Is insurance affordable Down Under?

Source: Asia Insurance Review | May 2015

All’s fairly well Down Under with both the life and general sectors maintaining strong financial positions in 2014.  For life insurers, they registered a jump in profits of 23.4% while for general insurers, they saw a 3.2% increase in net earned premium. 
    However, challenges still abound with insurance affordability, especially for natural perils which remain a hot potato for the non-life sector. We talk to several people in the industry as they share their perspectives on what can be done to manage these challenges and what the key issues are for them in 2015.

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