In the most recent half-yearly survey by the National Insurance Brokers Association (NIBA), found that 72% of brokers have reported a increase of premiums
NIBA Chief Executive Noel Pettersen says while the majority of NIBA brokers are reporting reasonable or slight increases across the board, there were exceptions.
“Some of the rises for harder-to-place risks and commercial motor are significant,” he said. “This is to be expected in a hardening market where risk is being treated with more caution by insurers.”
Source NIBA Release
The information provided by Quotesonline.com.au is indicative only and given in good faith by Quotesonline.com.au and our partners. All information is subject to change without notice. Please refer to Terms and Conditions of you insurance policy from the respective institution. Please also note Evitz “Quotesonline” does not have a Australian Financial Services License. The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product ‘