Original article by Ruth Liew
The Australian Financial Review – Page: 17 : 13-Jul-15

The cost of professional indemnity insurance for Australian small and medium businesses fell by 18 per cent in 2013-14, according to BizCover. Factors such as strong competition in the sector and excess insurance capacity also resulted in premiums falling by an additional two per cent in 2014-15. However, experts note the growing trend for mergers and acquisitions in the global insurance sector, which may put upward pressure on premiums.

CORPORATES
BIZCOVER PTY LTD, MORGAN STANLEY AND COMPANY INCORPORATED, ACE INSURANCE COMPANY, CHUBB CORPORATION, WESFARMERS LIMITED – ASX WES, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, XL GROUP, CATLIN GROUP, BERKSHIRE HATHAWAY INCORPORATED, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY