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RESEARCH & BRIEFINGS

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.

Download the full report to read more.

For the latest local property market insights, please refer to Australian Property & Business Interruption Insurance Market Recap - 2020.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.

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