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INsight podcast: Australia leads race to the bottom on pricing

A Marsh report showing an accelerating quarterly decline in Pacific commercial pricing is the main topic of discussion on the latest Insurance News podcast.

As previously reported, rates in the Australia-dominated region fell 11% in the June quarter following an 8% drop in the preceding three months. The fall represented a sixth straight quarter of easing, with property leading the way.

This week’s edition of INsight, hosted by Insurance News MD Andrew Silcox, features editor-in-chief John Deex, deputy editor Wendy Pugh and senior journalist Miranda Maxwell. 

The panel also discusses Tower’s decision to stop offering multipolicy discounts, an ombudsman consultation on its approach to claims handling and the impact of credit hire companies on motor premiums.

You can find the latest episode, and previous episodes of INsight, published here