Property Insurance Market Update - 2018
In 2017 the Australian property insurance market was characterised by a concerted push by major insurers to improve the profitability of their portfolios through a series of pricing
measures. In some cases, this led to a complete review of their underwriting appetite for certain industries.
The success of these actions was tempered by Cyclone Debbie in the first half of 2017, which is estimated to have cost insurers AUD 1.5 billion.
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