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PSC Insurance Group (ASX:PSI) Other Liabilities for Insurance Companies


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What is PSC Insurance Group Other Liabilities for Insurance Companies?

Other Liabilities for Insurance Companies only applies to insurance companies.


PSC Insurance Group Business Description

Industry
Traded in Other Exchanges
N/A
Address
96 Wellington Parade, Level 4, East Melbourne, Melbourne, VIC, AUS, 3002
PSC Insurance Group is an insurance intermediary which owns broker and underwriting businesses in Australia, New Zealand and the UK. It also runs the third largest broker network in Australia, allowing independent brokers to access support services for a fee. PSC Insurance derives most of its revenue from commissions (from insurers, ultimately paid for by PSC's customers) based on gross written premium. Broker GWP is split between small to medium enterprises (45%), and corporates (55%). The UK business spans retail and wholesale broking, underwriting agencies, and managing agents which have the authority to underwrite on behalf of insurers.