Sunday, November 19, 2017

General insurer profits rise by 25 per cent and 'fight to death' for market share subsides

The sector saw its profit increase by 25 per cent to $4.85 billion in 2016-17, with gross written premium up 5 per cent to $43 billion, The sector's insurance margin was 16.1 per cent, up from 13.6 per cent according to KPMG's latest general insurance industry review to be released on Monday.
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