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MARKET CONDITIONS & PREMIUM INCREASES




Broad Risk Insurance Brokers QLD Blog post
The insurance market has experienced significant changes and challenges in recent times. The COVID-19 pandemic has led to increased uncertainty and risk, resulting in premium increases across various insurance lines. insurers have had to reassess their risk appetite and pricing strategies, leading to an increase in premiums for many businesses. Additionally, severe weather events in Australia, have caused substantial property damage, resulting in increased claims and further impacting the market conditions.
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