Australian property insurance sector to see 80%+ loss ratio till 2026, says GlobalData

Climate change nat cats driving increase in claims

The Australian property insurance sector is expected to see its loss ratio remain above 80% during the next five years, according to GlobalData. It said the loss ratio for the sector increased from 66.1% in 2019 to 84.6% in 2021 as a result of an increase in claims paid due to repeated climate chang...

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