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19 September 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.
18 September 2014
Asset Inspect is seeking an Insurance Risk Surveyor who loves to travel.
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A vacancy has become available for an experienced Senior Account Executive to manage and grow a commercial portfolio of SME clients.
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Outstanding career opportunity for a qualified and motivated Account Manager to join a leading insurance broking company.
10 September 2014
An exceptional opportunity is now available for an experienced Executive Administrator to join a small, well-established group in the insurance broker market that is on a program of exciting change.
8 September 2014
B&L Financial Services is an established, busy, local brokerage situated on the Sunshine Coast looking for a Broker Assistant/Receptionist with insurance experience.
5 September 2014
Risk surveying opportunity to conduct professional risk surveys on behalf of various insurers including property, liability, BI and other covers.