'Carriers must remain disciplined as Australian PI market turns corner'

The Australian professional indemnity market benefited from a 20% hike in overall gross written premium in the year to the end of March, with A$3.04bn ($2.17bn) being written, according to the most recent statistics from the Australian Prudential Regulatory Authority. And with premiums on the rise, loss ratios are showing signs of decline on a year-on-year basis from a peak in 2016.