Australian General Insurance Sector

QBE Insurance Group (QBE) has an Outperform recommendation and a 12 month price target of $12.84 for their shares from stockmarket analyst Macquarie Research. The insurance provider is also the analysts preferred company in the insurance sector.

Sharemarket analyst, UBS has provided an Australian general insurance sector update. Insurance services inflation down 0.1% in the March quarter: While the decline in Q107 follows a 0.5% fall in Q406, the index is still up 2.4% on pcp. The index tracks the gap between gross premiums paid and claims incurred, and is akin to a gross margin for domestic personal lines. The bulk of the insurance index covers comprehensive home and contents, comprehensive motor and CTP.