Insurers and brokers are playing an increasingly important role in supporting their customers in understanding their specific risk environment amid a changing landscape.
Increases in the frequency and severity of natural peril events, along with rising global temperatures are concerning changes impacting Australians’ exposure to risk.
Building on previous STRIVE reports, this third iteration is intended to help deepen understanding of the complex and interconnected factors impacting the insurance industry.
CGU interviewed industry and subject matter experts to gain insights on the major themes impacting our industry. Their collective knowledge, coupled with over 160 years of CGU data will help us navigate the challenges ahead.
CGU collated these valuable insights to support general insurance brokers and their customers, covering the macro-economic, social, environmental, and political issues that are changing the insurance industry.
STRIVE 3.0 centres on the economy, insurance affordability, underinsurance, and the advancement of technology. It also addresses climate change, sustainability and growing intergenerational tension across the nation.
Comments
Remove Comment
Are you sure you want to delete your comment?
This cannot be undone.