Investor Presentaiton
Operating environment
.
Market continues to take rate to stabilise margins and
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•
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offset higher claims and reinsurance costs.
Limited evidence of new capital or entrants coming into the
Commercial market in Australia, with Underwriting
Agencies being the exception.
Brokers continuing to invest in digital and platform
capabilities to drive efficiency and differentiation.
Global trend of Commercial insurers investing in
technology and data expected to gain momentum in
Australia over the short-to-medium term.
22 Investor Day | 14 June 2023
Australian Intermediated Insurance Market
(GWP including Personal & Commercial Lines)
12%
CAGR
$38bn
$34bn
$29bn
$26bn
$23bn
$21bn
FY18
FY19
FY20
FY21
FY22
FY23 Estimate
Source: APRA; FY23 Estimate based on rolling 12 months growth rate as of Dec 22 (latest APRA disclosure)
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