KPMG General Insurance Industry Survey Insurers resilient in the face of turbulence The half year results for Australia’s four largest general insurers (Allianz, IAG, QBE and Suncorp) show the resilience of Australia’s insurance sector when faced with turbulence in the financial markets and the weather. The results for the six months to 31 December 2008 (which do not include losses relating to the recent floods in Far North Queensland and the Victorian bushfires) reflect the underlying strength of the sector and the positive effect of post-HIH regulation albeit impacted by a number of significant factors including severe weather events, volatile investment markets, widening credit spreads, foreign exchange fluctuations and deferred acquisition cost write-downs. Download a copy of the KPMG General Insurance Survey: half year to 31 December 2008. For further information please view our Media Release.
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