$100 Million In Insurance Savings To Be Returned To Regional Qld Economy

Sep 16

The rapidly growing regional Queensland insurance specialist, now in its third year of operations, predicts $100 million in premium savings will go back into the regional economy in the next twelve months.

Bradley Heath, Managing Director of Sure Insurance said, “The current and expected returns to local economies are a result of our rapid regional market growth and remaining focused on the delivery of affordable household premiums”.

“Independent research* has revealed that Sure is delivering average annual household insurance premium savings of over $1,900 per customer across Central, North and Far North Queensland.”

“It’s money back in the pockets of regional Queenslanders to assist with cost-of-living pressures and to spend locally on day-to-day essential household and family expenses such as groceries, health care, childcare and education.”

“We are constantly seeing regional householders who previously held no insurance whatsoever take up cover with Sure Insurance, primarily due to our affordable pricing position.”

“Over ten per cent (10%) of customers insured with Sure did not previously hold any household insurance cover.”

“Our market-leading household and residential strata insurance price position has continued to drive consistent and solid growth in policy numbers over the past two years.”

“Sure Insurance is delivering these premium savings through our unique and specialist technical insights into the pricing of household and residential strata insurance across the region.”

“We look closely at each individual’s property, and we fully consider and recognise with policy discounts any resilience measures added to homes.” Mr Heath said.

Sure Insurance is continuing to work closely with stakeholders in the consultation and design process of the federal government’s $10 billion Reinsurance Pool expected to commence on 1 July 2022.

Further information contact Mike Sopinski on 0421 052 598.

*Based on external analysis of 4,149 online new business home & contents insurance quotes. Sure now delivers savings of over $1,900 on average per policy across central, north and far north Queensland.”

*Sample collected: 4,149 online new business home & contents insurance quotes in August 2021, from Bundaberg, Wide Bay, Rockhampton, Marlborough, Mackay, Proserpine, Townsville, Ingham, Cairns, Cape York, Inland Regions.