Cultivating a Healthy Insurance Market

BACKGROUND

How do we prevent undercutting in the insurance market and instead promote a healthy and growing insurance industry.

How do we avoid a price war where insurance companies hemorrhage capital in order to retain existing market share without resorting to collusion or price fixing (apart from tariffs)?

[Products] 3-in-1 Liablity Product Bundle for SME

BACKGROUND

A Melbourne underwriting agency has unveiled a product combining 3 key policies for SMEs.

The Product covers Professional Indemnity (PI), Public Liability (PL) and Management Liability (ML) and is not limited to particular occupation.

What are the benefits and impacts? Any risks & weaknesses involved?