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INSURANCE | 10 November 2011

The Rising Cost of Insurance


Some of the major elements within an insurance premium are claims costs and reinsurance costs, and both have risen over the past year and are continuing to rise.  This is resulting in a significant increase in insurance premiums across the industry.  These are national costs, which is why premiums are rising in all locations, and not just in areas that were specifically impacted by the weather.

 

To assist our customers with gaining a better understanding of reasons for increasing insurance prices, CGU have published a report Why the cost of insurance is rising (PDF 837 Kb)

 

 



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