News Non-Life18 Jul 2019

Australia:Loyalty tax rises for existing policyholders

| 18 Jul 2019

On average, customers renewing their insurance policy with the same insurer paid 27% more than new customers, according to research carried out last year by the New South Wales's Insurance Monitor. More recent data indicates the gap has risen to 34%. This translates to hundreds of dollars for the average home and contents insurance policy.

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