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QBE Insurance CEO dismisses breakup calls, links premium hikes to disasters, not competition.
QBE Insurance's CEO, Andrew Horton, dismissed calls from Opposition Leader Peter Dutton to break up insurance firms, arguing this wouldn't reduce premiums.
Horton attributes the 16% rise in premiums over the past year to disaster frequency and repair costs, not lack of competition.
He suggests collaborating with governments to improve building codes and mitigate risks instead.
QBE reported a 30% increase in profit to $2.8 billion.
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QBE Seguro CEO despide llamadas de ruptura, vincula aumentos de primas a desastres, no la competencia.