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Professional indemnity premiums down 4 per cent

  • by The Quotesonline Team

Professional Indemnity Insurance Quotes

APRA-regulated general insurers wrote $1,318 million of gross premium during the 2013 underwriting year, down 3.5 per cent from the previous year ($1,366 million). This premium related to about 601,000 PI risks written in the 2013 underwriting year, up 12.0 per cent from the previous year (about 537,000).

APRA has released the National Claims and Policies Database (NCPD) figures for Professional Indemnity and Public and Product Liability Insurance for the period 1 January 2003 to 31 December 2013

The combined results for PI & PL resulted in the APRA-regulated general insurers writing $3,036 million of gross premium for the professional indemnity (PI) and public and product liability (PL) classes of business, down 3.8 per cent from the 2012 underwriting year ($3,157 million)


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