Insurance Cycle – Is the end near?

Insurance Cycle – Is the end near?

Traditionally, the insurance market cycle follows a 7-10 year trend. To help simplify and explain this process… When premiums increase to a stage where insurers receive strong profits, this leads to new competitors entering the insurance market. This increased...
Marine Transit Insurance Update

Marine Transit Insurance Update

While the global transport industry maintained its long-term positive safety record in the past year, Russia’s invasion of Ukraine and subsequent cost increases involving large vessels, crew shortages, port congestion issues and the Suez canal obstruction, meant...
What Are The Insurance Requirements for a Strata Complex?

What Are The Insurance Requirements for a Strata Complex?

Commercial and Residential Strata Insurance covers the specific insurance needs of owners of units and offices.   Commercial and residential strata insurance is issued to the Owners Corporation (previously Body Corporate). The owners corporation of each property is...
Claims Inflation: Why are my insurance premiums increasing?

Claims Inflation: Why are my insurance premiums increasing?

Across the insurance industry, we often see articles regarding the hardening market cycle, largely due to an increase in natural catastrophes around the world. However, there is one item that is often not discussed in great detail, which is claims inflation. Claims...