IAG says insurance premiums will keep rising, citing the surging costs of tradies to repair homes, along with car parts and mechanics.
Reporting its full-year results on Wednesday, IAG said its premium income in the 2025 financial year would rise by “mid-to-high single digits”, including some volume growth, the same guidance as Suncorp gave earlier this week.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
