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Insurer’s SME pricing restructure

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Insurance Business | 19 Jun 2012, 12:04 AM Agree 0
One of Australia’s largest insurers has introduced its General Insurance Pricing Engine (GIPE) across all SME products using a “perils-based approach to pricing” and promising a “huge advantage to brokers.”
  • Katrina Hume | 19 Jun 2012, 11:04 AM Agree 0
    Have I missed something here? Isn't this just standard underwriting procedure with rates based on occupation, security, situation, construction etc? Determining the risk of loss determines the rate applied - Insurance 101.
  • Sullivan | 19 Jun 2012, 11:22 AM Agree 0
    How many licenced brokers ??? seems exagerated
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