Australia's General Insurance Market: An Overview of Trends, Opportunities, and Challenges
The general insurance market in Australia has undergone significant transformations over recent years, driven by evolving consumer needs, regulatory changes, and the impact of global events such as the COVID-19 pandemic and climate change. General insurance, covering non-life insurance policies like motor, property, travel, and liability, plays a critical role in protecting individuals and businesses across the country. This article delves into the key trends, opportunities, and challenges shaping Australia's general insurance market in 2024.