Australian insurers face a tough three-year outlook

Written by Vesna Poljak  of the Australian Financial Review.

“That’s no different to what’s happening to the former supermarket duopoly, says fund manager Hugh Dive from Aurora Funds Management. “What’s a bigger issue for me which hasn’t really been focused on in the market is Suncorp and IAG are facing market share losses through a bunch of challenger brands. It’s a bit like what’s going on in grocery. The higher margins have given the Aldis of their world more oxygen and the ability to nibble away at market share,” he says.”

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