News

Brokers and insurers agree – the hard market is coming

News >> News on Insurance

Despite a relatively uneventful June 30 renewals period, major brokers and insurers remain convinced the market will harden. 

When we refer to a market hardening it means Prices go up, and broadness of cover goes down. This due usually to less competition or a crisis or catastrophe which has hit insurers hard. It is also has been due to falls in the stock market as insurers make additional money by investing their reserves before needing that money to pay claims. If the stock market falls they make no extra money. However the GFC from three years ago seemed to have little affect on prices.

More on this - click here 

Last changed: Sep 01 2011 at 8:50 PM

Comments

  1. None Found

Add Comment

Latest News

Finalist in the Insurance Industry Awards

We were pleased to be advised this week that we are a finalist in the Australian Insurance Industry Awards in the category of Most Outstanding Authorised Representative Business for 2019.

Our company very much appreciates the accolade and just being nominated is prestigious to us. The awards ceremony is in August and we will see how we go, but being in the Top 4 is a credit to our team who have worked tremendously hard in the last eight years.

read more

2019 Insurance Brokerage of the Year

CPR Insurance Services are so proud to be awards for the second year in a row, "Australian Insurance Brokerage of the Year (1-5 staff)". To win this award two years running is very much a fantastic achievement and reflects the high standard we have maintained in the last two years.

We very much thank our hard working staff, Ausure Insurance Brokers our licence holder, the Steadfast Group, NIBA and LMI who have supported us with resources and services to meet the demands of our clients.

And of course we thank all our clients for their fantastic support over the eight years of our business, who if not for them, we would not have a business. Thank you.

read more