The insurance industry is as competitive as ever with all elements grappling with the effects of various drivers of change, including changes in social behaviour, developments in technology, long term low economic growth prospects, volatile weather patterns and events, and a continually evolving political and regulatory environment.
We summarise how these drivers have impacted the general insurance, life insurance, private health insurance and insurance intermediaries sectors in calendar year 2015. This commentary is supplemented by a summary of financial statistics for the larger players in each sector.
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