IAG reports GWP rise of 5.7%, raises perils budget for next year

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Reinsurance News - Aug 12, 2022

The latest results from Australian firm IAG indicate that gross written premiums rose 5.7% between FY 2021 and FY 2022. However, the firm reported that its insurance margin of 7.4% was lower than its expectations. That was because, it wrote in the results, of higher natural perils costing $1,119m ag...

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