Post by Howden Insurance Brokers Australia

Underinsurance - the hidden risk facing 70% of Australian businesses. In a recent interview with the The Australian Financial Review, Matt Bacon, CEO, Howden Pacific region, brings attention to a critical vulnerability that persists across Australia’s middle market business sector – underinsurance. Despite Australia often being synonymous with economic resilience, he explains that around 70% of businesses are underinsured, with an average shortfall of 30% across property and assets. This isn’t just a statistic, it represents a systemic risk within the economy which threatens significant financial loss for these businesses. Read more from our Risk Advisory team here: https://lnkd.in/gQ8zxG9p Read the AFR article here: https://lnkd.in/gM7rMD9S