Non-Life Insurance in Australia, Key Trends and Opportunities to 2017 - New Market Research Report
The written premium of the non-life segment increased at a CAGR of 5.3% during the review period. The rise was partly due to an increase in GDP at the end of review period, growing demand for property insurance, and the occurrence of natural disasters during 2010-2012 that increased premium costs. The occurrence of natural disasters has increased the level of risk and driven consumer preparation for risk avoidance. These factors, along with growth in the property and automobile categories, are...
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