My private prayers and at Mass are for those in flooded areas of east coast Australia who have or will lose property, livestock, horticultural crops or items of sentimental value.
Given that SDF has excellent digital, allegedly top quality offerings allowing contestable quotes for insurance needed by small and medium business enterprises in particular, and what it says are 'market leading policy wordings', the yet to be at maximum level NSW/southeast Queensland floods may well (surprisingly) be positive for SDF.
Provided insurers continue to offer businesses coverage in such areas as Windsor (NSW), Penrith, Kempsey and Taree, it's probable that premiums will increase above CPI. The value of SDF's gross written premiums will continue to impressively rise.
Faced with increasing annual premiums in a fair swathe of east coast Australia, business operators will need the advice of insurance brokers even more, as the latter can advise on which policies offer the best coverage for the least expenditure. Guess who has the largest network in Oz!
SDF Price at posting:
$3.83 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)