BUZZ-Australian insurers' business market share falling, says Macquarie; stocks flat

Reuters

Oct 09

BUZZ-Australian insurers' business market share falling, says <a href="https://laohu8.com/S/MQG.AU">Macquarie</a>; stocks flat

** Macquarie says ASX-listed insurers' domestic Business Package market share fell to about 48% in FY25 from nearly 67% a decade ago

** Macquarie survey finds only 2 of 9 insurers grew direct channel premiums over past 12 months, with acceleration expected in FY26/27

** Just 1 of top 12 insurers improved customer retention despite slowing premium rate cycle

** Expects insurers to maintain Business Package share in FY26, but warns agentic AI adoption poses medium-term threat to distribution, pricing and comparability

** Insurers Australia Group IAG.AX, QBE Insurance QBE.AX are up 0.3% and 0.1% respectively, while Suncorp SUN.AX is down 0.2% in mixed sector trading

** YTD, QBE and SUN are up 11.6% and 8.2%, respectively, IAG down 1.1%

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))

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stocks flat</title></head><body><p>** Macquarie says ASX-listed insurers' domestic Business Package market share fell to about 48% in FY25 from nearly 67% a decade ago</p><p>** Macquarie survey finds only 2 of 9 insurers grew direct channel premiums over past 12 months, with acceleration expected in FY26/27</p><p>**  Just 1 of top 12 insurers improved customer retention despite slowing premium rate cycle</p><p>** Expects insurers to maintain Business Package share in FY26, but warns agentic AI adoption poses medium-term threat to distribution, pricing and comparability</p><p>** Insurers Australia Group <span>IAG.AX</span>, <a href=\"https://laohu8.com/S/QBEIF\">QBE Insurance</a> <span>QBE.AX</span> are up 0.3% and 0.1% respectively, while Suncorp <span>SUN.AX</span> is down 0.2% in mixed sector trading</p><p>** YTD, QBE and SUN are up 11.6% and 8.2%, respectively, IAG down 1.1%</p><p> (Reporting by Kumar Tanishk in Bengaluru)</p><p> ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7034","symbol_name":"财产与意外伤害保险","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251009:nL6N3VQ07G:1","article_id":"2574181700","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574181700","pubTimestamp":1759985589,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australian insurers' business market share falling, says Macquarie; 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X: @thatstanishk http://www.x.com/thatstanishk;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}