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Both Insurance and Mortgage Brokers impacted by construction industry instability
The Adviser reports that the recent increase in company liquidations and instability in Australia’s construction industry has had a compounding effect on both Mortgage Brokers and Insurance Brokers. These professionals are now playing a greater role in educating and advising their clients who are impacted by the collapse of a building company. Read more here.
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Insurance policies at risk due to cost-of-living pressures
Insurance companies are at risk of losing customers due to cost-of-living pressures. The publication Insurance News reports that insurance clients are shopping around more, and in the year to June 2023, 66.1% of policies were renewed without approaching another company, down from 66.5% in the previous year and compared to 67.2% in the year to June...
