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Rising insurance premiums: advocates say industry needs more oversight

Rising insurance premiums: advocates say industry needs more oversight

A KPMG annual review of the insurance sector has found that insurance profits soared in 2024 as consumers saw steep hikes to their premiums. But as premiums and profits both go up, some experts say insurance companies could be doing more to keep insurance coverage affordable for Australians.

SBS News In Depth · SBS Audio

April 18, 20256m 56s

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Show Notes

A KPMG annual review of the insurance sector has found that insurance profits soared in 2024 as consumers saw steep hikes to their premiums. But as premiums and profits both go up, some experts say insurance companies could be doing more to keep insurance coverage affordable for Australians.