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24 April 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.
22 April 2014
Insurance Broking – Commercial Account Executive
16 April 2014
Full-time role l Attractive package l Fast-growing business
16 April 2014
•$50-55K base plus uncapped bonus •Regional centre – in a young growing company •Manage existing clients and excellent growth opportunities
15 April 2014
We are currently seeking a qualified and motivated Account Executive to join our Commercial team in the Melbourne office.
14 April 2014
Utilise your ability to think strategically and creatively to develop innovative solutions for your client's customers in this newly created role.
11 April 2014
This is a newly created opportunity for an experienced Business Development Manager to join our Sydney team. Utilise your ability to think strategically and creatively to develop innovative solutions for your client’s customers.