Country Profile: Australia - Change in Motion
Source: Asia Insurance Review | Apr 2008
In this month's country profile on Australia, we look at the sweeping changes affecting the industry that has brought about testing times for companies. On the non-life front, insurers are grappling with water and weather woes as well as softening rates. We speak to companies as they hedge their bets on when the market will turn and what it will take to prompt a change. Life insurers, in contrast, are experiencing boom times although more can be done in terms of wealth protection and superannuation. Meanwhile, the myriad of changes on the health insurance front has brought about the much-needed boost to the sector. Read about all these changes and challenges that Australian insurers are tackling head on.
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