Broking giant confirms new CEO
The mystery “external candidate” who landed one of the biggest roles in Australian insurance broking has been unveiled as a Big Four bank executive. Will this banking expert succeed in insurance broking?
Value of Australian broker market surges
Brokers have invoiced a greater number of premiums over the past 12 months according to the latest insurance intermediary statistics from APRA. So how much is Australia’s insurance broking channel worth?
Australia’s claims drop, earned premiums rise
Net earned premium for the Australian insurance industry in the year ended 30 June 2012 was $27.8 billion, up 7.4% from the previous year’s $25.9 billion, according to the Australian Prudential Regulation Authority.
Tardy ASIC ignore Federal Parliament
It may have spent last week slamming insurance brokers, but the Australian Securities and Investments Commission (ASIC) now finds itself in hot water with the Federal Parliament.
Insurance broker market worth $8.9bn
During the final six months of 2011, $8.9 billion in premium was invoiced by general insurance intermediaries, according to the Australian Prudential Regulation Authority (APRA).