Staff Reporter
,
Australia
/Jamie Davis from Unsplash
The number of intermediaries inched down 1.4%.
The premiums of Australia’s general insurance sector climbed 5.7% year-on-year (YoY) in the six months to June (H1 2024), reaching $13.73b (A$19.9b), data from the Australian Prudential Regulation Authority (APRA) showed.
Meanwhile, the total number of intermediaries inched down 1.4% YoY to 1,589.
Additionally, premiums of the APRA-authorised general insurers increased 5.8% YoY to $11.25b (A$16.3b). Business placed with Lloyd’s underwriters jumped 11.3% to $1.73b (A$2.5b).
($1.00 = A$1.44)
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