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
$17.59 |
Change
0.280(1.62%) |
Mkt cap ! $26.42B | |||
| Open | High | Low | Value | Volume |
| $17.55 | $17.96 | $17.50 | $82.98M | 4.697M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $17.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.61 | 5216 | 4 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |