Insurance rate hikes to slow, but market remains challenging
Posted On: Dec. 8, 2022 9:12 AM CSTAccording to U.S.-based insurance broker Arthur J. Gallagher & Co., premiums rates will continue to increase across most insurance lines in Australia in 2023 albeit at a much slower rate than this year, Asia Insurance Review reported. The rate hikes will vary depending on the business size, sector, cyber security maturity and risk vulnerability.