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Australian Business Insurance Claims Go Beyond $7.8 Billion, Profits $27 Billion

In 2011, the Australian Prudential Regulation Authority (APRA) published its latest publicly available online statistics, that demonstrate that the general insurance market earned a great aggregate amount of $27.8 billion (AUD) in net premium income in the previous financial year. 41.2% of this income arose from compulsory third-party, houseowners’ and householders’ insurance policies and domestic ...

 

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