Natural disasters are going to continue to surprise in their frequency and intensity as warming accelerates. Unless an insurer is a first mover in raising their premiums then the insurer will also be surprised in the levels they need to pay out. But there is little short term incentive for being a first mover and we know very well how short termist the business world can be.
Eventually the insurance companies will significantly move premiums up together, but it will only reduce demand, leaving a smaller pool of profits to share between themselves. The next 20 years will be bad times for general insurers imo.
Natural disasters are going to continue to surprise in their...
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Last
$23.09 |
Change
0.180(0.79%) |
Mkt cap ! $34.86B | |||
| Open | High | Low | Value | Volume |
| $22.86 | $23.19 | $22.69 | $65.46M | 2.839M |
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| No. | Vol. | Price($) |
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| 2 | 1000 | $23.06 |
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| Price($) | Vol. | No. |
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| $23.10 | 152 | 1 |
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| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| QBE (ASX) Chart |