Skip to content
7 March 2014
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.
7 March 2014
Apply your demonstrated claims management abilities to deliver exceptional service in this customer focused role.
5 March 2014
Our client is an established financial, accounting and insurance services organisation operating in the West Australian market for 28 years.
27 February 2014
Actuate Insurance Broking Pty Ltd located in central Bendigo, offers exciting opportunities to suitably qualified individuals.
26 February 2014
Join a national firm as a Authorised Rep "Partner" with facilities you should get but perhaps don't currently receive - read on...
24 February 2014
Brilliant opportunity for a bright, outgoing, ambitious Assistant Underwriter to progress quickly to a corporate production underwriter role!
18 February 2014
IBG Insurance Brokers seeks expressions of interest from professional individuals interested in joining a boutique general insurance broking house based in Hawthorn Victoria, whilst enjoying the full flexibility of running your own business.