The Australian non-life insurance segment’s gross written premium grew at a compound annual growth rate (CAGR) of 5.2% during the review period (2009−2013). The growth is attributed to the growth of property, motor insurance and the occurrence of natural disasters such as the Queensland flood and Yasi cyclone during 2010 and 2011, which led to an increase in paid claims. The number of policies also increased at a CAGR of 4.4% during the review period. Such an increase in the number of policies was due to the consumer awareness towards the need and benefits of non-life insurance. Browse Full Report @ http://www.researchmoz.us/non-life-insurance-in-australia-key-trends-and-opportunities-to-2018-report.html
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