Australian insurance brokers expect higher revenue, profits
Posted On: Jan. 3, 2017 5:00 AM CSTA report by Australia-based banking firm Macquarie Group Ltd. has said that most of the players in the nation's insurance broking industry expect revenue and profits to continue to grow in 2017 albeit at lower rates, Asia Insurance Review reports. The report said that 87% of firms expected to post higher revenues in 2016, with new client growth and improved operational efficiencies being the two most commonly cited growth drivers. Around 76% expect profits to rise in 2017.