News Non-Life24 Jun 2021

Australia:Brokers say insurance in the north is priced "to lose business"

| 24 Jun 2021

The day-to-day experience of insurance brokers in northern Australia confirms the Australian Competition and Consumer Commission's report findings that the insurance market in northern Australia is extremely unusual, in that insurance companies are often competing to lose business rather than competing to gain business, says the National Insurance Brokers Association (NIBA) in a submission in response to the consultation paper, "Reinsurance pool for cyclones and related flood damage".

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