As ex-Tropical Cyclone Alfred causes major floods in northern NSW and southern Queensland, we should remember that rising insurance premiums aren’t just driven by extreme weather but also by outdated regulations. Australia’s insurance sectors – divided into general, life, and health insurance – require separate licences for each to operate, adding inefficiencies that drive up costs.
The industry is in crisis. Insurance costs have surged 11 per cent in the past year, with health insurance premiums set to rise by 3.7 per cent from April 1. The Australian Prudential Regulation Authority warns that insurers are struggling, premiums are rising and Australians are left with fewer choices and higher costs.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。