Regional, north and far north Queensland household insurance specialist, Sure Insurance, will participate in the Federal Government cyclone reinsurance pool from 1 January 2023 – through its product issuers Liberty Mutual Insurance Company and Pacific International Insurance.
Managing Director of Sure Insurance, Bradley Heath, said the considered decision of the product issuers to join the pool earlier than required reinforced Sure’s solid commitment to the delivery of affordable Household and Residential Strata Insurance premiums across regional Queensland.
Sure Insurance has over the past eighteen months worked closely with the Federal Government, Australian Reinsurance Pool Corporation (ARPC), and related government agencies through the comprehensive pool design consultation period.
“We will continue to engage with the Federal Government and the ARPC to assess further enhancements that may benefit Sure policyholders.”
Sure Insurance, a premium price leader since entering the regional and North Queensland general insurance markets in mid-2019, has delivered on average annual Household Insurance premium savings* of $1,480 or 30 per cent per customer.
“As we fully transition into the pool, Sure will continue to ensure we provide our policyholders the best deal that we can,” said Mr Heath.
*Average savings based on external analysis of 6,479 online new business home & contents insurance quotes collected in April 2022 for regional Queensland. Sample taken from Bundaberg, Wide Bay, Rockhampton, Marlborough, Mackay, Proserpine, Townsville, Ingham, Cairns, Cape York and Inland Regions.
Further information contact Mike Sopinski on 0421 052 598.