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Australian inflation grips insurers but QBE sticks to forecasts

Liam WalshReporter

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Key Points

  • Inflation remains testing point for insurers in Australia.
  • Sydney-based QBE says guidance for growth on track. 
  • Past four months globally have been relatively benign for disasters. 

Insurer QBE says inflation is continuing to have an impact on Australian car and home cover, signalling more pressure in the insurance sector on customers or shareholders.

The comments on Monday from Sydney-based QBE follow rival insurer IAG last month talking of higher costs for repairing motor damage.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/australian-inflation-grips-insurers-but-qbe-sticks-to-forecasts-20231127-p5en22