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Pandemic, catastrophes hit insurers' profit

Posted On: Nov. 5, 2020 8:39 AM CST

A report by Australia-based analytics consulting firm Finity Consulting Pty. Ltd. said that the COVID-19 pandemic, natural disasters and tumultuous financial markets have hit the local insurance industry's profitability hard, Paint and Panel reported. For the financial year ended June 30, gross written premiums grew 5%.

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