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30 June 2016
Insurers wrote $30.6 billion in gross earned premium for the year to June 30 2011 and incurred claims of $23.8 billion.
APRA’s new annual publication, General Insurance Supplementary Statistical Tables, shows that 58% of claims were for home and contents, domestic motor vehicle and fire and industrial special risks (ISR).
The report says these classes were affected by catastrophes in the period.
Claims from hailstorms in Melbourne and Perth in March 2010 contributed to a gross loss ratio for home and contents and domestic motor vehicle of more than 90%.
The Queensland and Victorian floods in summer 2011 led to high loss ratios, including 153% in Queensland for fire and ISR.
Public sector insurers, which are not covered by the Insurance Act, earned $10.2 billion in premiums for the period and incurred net claims of $11.9 billion.
However, investment income helped them to a net profit of $500,000, up from $300,000 the previous year.
29 June 2016
Through client growth, we have an exciting opportunity for a Liability Adjuster to join our Sydney team.
27 June 2016
In this newly created role you will be responsible for being a primary market-facing referral point and mentor to Allianz underwriters, supporting them to find solutions for these lines, and bind more profitable business in the Casualty portfolio.
16 June 2016
If you have demonstrated insurance sales experience with an excellent track record in the industry and you want to take the next step in your career we want to hear from you!
8 June 2016
Exceptional opportunity for a self-motivated, experienced ambitious corporate broker, fast growing well respected brokerage with scope to gain equity!
8 June 2016
2 brilliant roles available with a fast growing brokerage, scope to progress internally, great team environment!