Narrowing of the global protection gap was driven by heavy insured losses in the U.S. where insurance penetration reached 81%, but APAC disasters saw less than 10% of losses covered.
Responding to Queensland's proposal for a mutual insurer, Andrew Hall says a national flood risk pooling scheme and large-scale mitigation investment are needed to fix Australia's insurance affordability...
Following its acquisition of UIB, broker plans to set up offices in both Singapore and Dubai, then later in London, according to its chief executive officer.
