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Excess insurer profit returned to motorists

Motorists can look forward to cheaper greenslips in 2022 if excess insurer profits are returned. A mechanism in the new NSW CTP scheme allows State Insurance Regulatory Authority to intervene when insurer profit goes over 10%. The average saving on a greenslip would be about $19. Read More

Youi enters NSW CTP market

General insurer, Youi Pty Ltd, has received permission to enter the NSW CTP market from 1 December 2020. It is the first insurer to join the CTP scheme for many years and the only new entrant since reform in December 2017. Read More