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Premium rise modest.(insurance premium rates survey)(Brief Article)
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Australian Banking & Finance
- Article date:
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August 24, 2004
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Copyright informationCOPYRIGHT 2004 First Charlton Communications Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE DOMESTIC LINES OF INSURANCE--household, motor and compulsory third party insurance--recorded a 3 per cent weighted average increase in premium rates, the smallest increase in 12 years, according to the annual JP Morgan/Deloitte survey.
"This reflects the sector's continued stable market environment," said Shane Fitzgerald, senior insurance analyst at JPMorgan.
"On the other hand the commercial lines premium rates have started to decline, with a weighted average reduction of 5%."
The JPMorgan and Deloitte survey is an analysis of the Australian General Insurance industry to ascertain the change in premium rates at the peak June renewal/ new ...
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