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3 December 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.
2 December 2016
To oversee the policy, framework and execution of insurance risk, including underwriting, reserving and reinsurance across the Group, including providing support and appropriate second line challenge to all aspects of insurance risk, including performance.
2 December 2016
As part of a broader credit control team, you will be responsible for credit control functions that will result in sound achievement of targets and goals.
1 December 2016
Support data strategy initiatives delivering key data capabilities such as guidelines for data quality, master data and metadata across the group.