The ICA said insurers are undertaking improvements to ensure profitable and sustainable products for Australians, despite challenges from Nat Cats and inflation.
Gallagher continues its Oz expansion with the acquisition of Darwin-based Insurance Risk Solutions, who specialise in transport, agri, pastoral, and horticultural insurance.
Data from APRA show costs for public liability and professional indemnity premiums are skyrocketing, however a change in accounting methods could be a factor.
