CGU's STRIVE Report Second edition

CGU Insurance first launched STRIVE in 2022 during a period of significant disruption and change. Australians were coming out of the most acute stage of the pandemic and grappling with what their post-COVID ‘new normal’ might look like, both personally and professionally.

The company's ambition was to empower brokers and customers with information that could help them make sense of the volatile geopolitical, climate, and social changes occurring around them and how they influenced their insurance programs.

The feedback was overwhelmingly positive, reaffirming that the insights contained within the report were both valuable and useful.

Over 18 months down the track we are still navigating an ever-changing world, now with two major wars playing out.

With the release of CGU’s second STRIVE Report the company's intention remains the same - to help its broker partners help customers by having more informed conversations about the big themes that continue to impact us all.

In this edition, CGU revisits the forces of 2022-23 to see what has changed and introduce fresh insights into the Australian economy, the market forces and technological changes that present new challenges and opportunities for the insurance industry to navigate.

The report discusses how reinsurers, the world-wide financial safety net for insurers, view the climate challenges facing Australia. It also reviews how businesses may operate differently and more productively with the emergence of generative AI.

While the world is still in turmoil and our news cycles continue to feed doom and gloom into our daily narrative, there is still hope on the horizon.

Download the full report