Australia is one of the most underinsured nations on the planet, with much of the reluctance to insure stemming from a lack of understanding around the need for and value of insurance products. Therein lies the opportunity for brokers. The Adviser investigates...
When it comes to protecting ourselves and our livelihoods, Australia has one of the lowest rates of adequate insurance among developed nations. In the UK, insurance comprises approximately 40 per cent of a broker’s revenue, but the World Insurance in 2015 report by Sigma revealed that total life premiums in Oceania contracted by 7.8 per cent that year.
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