So why have personal insurance premiums risen?

It's a question we often ask or get asked. Mind you, I'm no different to anyone else that has recently been affected. And sure - it's tough patch of time at the moment for our industry - we'll get through it - we always have! I've been sharing some of these reasons with financial planners and their staff, my family and friends, in the hope that I can impart my knowledge and experience onto others, so we can all learn. 1. Rising Claims! 2. Generous Terms and Conditions! 3. Falling Interest Rates 4. Increased Data Gathering 5. Changed Consumer Sentiment. I don't believe any organisation is immune to these impacts.Yet this question is the most obvious elephant in the room! These five pillars of reasons are my summary only, and are intended to hopefully help members of our community understand that these are very unprecedented times for our industry. There are options to individually isolate and reduce premiums, that could be a loss of a benefit, and it's contingent on continuing to meet a client's goal or objective if affordability is a concern. Let's continue to work together - we'll get through this! Stay Safe, Stay Informed & Stay Healthy! I hope this summary helps you!