Agree with @bedger that rising interest rates will negatively affect the insurance industry as a whole.
As interest rates go up, consumers will have less disposable cash. Once this occurs consumers will cut back on discretionary spending.
Whilst I personally see insurance as an essential product; unfortunately a lot of consumers will take the risk and let their insurance policies lapse in order to make ends meet.
Flow on effect there will be a lot of lapsed insurance policies which aren’t renewed.
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Last
$16.97 |
Change
0.030(0.18%) |
Mkt cap ! $25.49B | |||
| Open | High | Low | Value | Volume |
| $16.76 | $17.16 | $16.76 | $50.37M | 2.945M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4167 | $16.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.98 | 1101 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |