CTP Insurance 101

CTP insurance - massive prior year reserve releases have occurred for both the NSW and QLD books of business over the last year or two. This was a major driver behind the increase in Suncorp's share price, amongst other market considerations. Major contributors to this experience have been improved weather conditions, improved car safety reducing injuries and improved road safety. Now the last point is arguably a function of a number of thing - media awareness and advertising, new driver licensing laws and perhaps even police patrolling.

On the last point - last night, a wet rainy night, I was speeding in a 60 zone and got tailed by the cops. They tailed me for another 300m or so and when I got close to the 60 speed limit again, they pulled me over. RBTed me, asked for my licence, NO fine, some advice for some go-slow in the rain. Good policing I'd say, not revenue reaping, just policing with community interests in mind - as well as insurers with significant motor/CTP books.

After reading this posting, you may be 0.00001% on the way to passing IAA subject 3A, General Insurance A. Congratulations!