Insurance Claims, Average Duration

In reply to the Hon. S.C. MULLIGHAN (Lee) (24 July 2019). (Estimates Committee B)

The Hon. R.I. LUCAS (Treasurer): I have been advised the following:

The average duration for property claims from SAicorp Insurance Fund 1 is 2.3 years.

The average duration for liability claims from SAicorp Insurance Fund 1 is 4.6 years.

The average duration for medical malpractice claims from SAicorp Insurance Fund 1 is 8.1 years.

The average duration for all claims from SAicorp Insurance Fund 1 is 7.3 years.