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$17.80 qbe insurance group limited

Qbe is not a personal lines insurer. They are commercial and...

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KarlH

140 Posts.

19

22/02/24

23:45

Post #: 72548425
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Originally posted by MikeMK: ↑

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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Qbe is not a personal lines insurer. They are commercial and therefore should not be impacted too much by changes in discretionary spend.

QBE Price at posting: $16.71 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $17.80		Change 0.180(1.02%)		Mkt cap ! $26.74B

Open	High	Low	Value	Volume
$17.78	$17.94	$17.72	$64.08M	3.596M

Buyers (Bids)

No.	Vol.	Price($)
3	15608	$17.80

Sellers (Offers)

Price($)	Vol.	No.
$17.83	5406	2

View Market Depth

No.	Vol.	Price($)
1	11	18.690
1	2361	18.000
1	100	17.900
1	150	17.800
1	565	17.620

Price($)	Vol.	No.
16.880	423	4
16.910	4264	1
16.930	3000	1
17.000	974	3
17.040	138	2

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last $17.82			Change 0.180 ( 0.80 %)
Open	High		Low	Volume
$17.77	$17.94		$17.72	617465
Last updated 15.59pm 16/05/2024 ?

QBE (ASX) Chart