Competition is keeping a lid on premium rises during the June 30 renewals period, according to brokers.

A telephone survey around Australia by insuranceNEWS.com.au on Friday [see ANALYSIS] has found that commercial premium rises have been mimimal, with few brokers feeling the need to take their clients’ business to market to counter new policy restrictions or higher premiums.

Most brokers attribute the lack of expected rises – which their clients were prepared for – to the sustained battle for market share among leading insurers.

Some sectors, such as householders, farm and food, have seen more intense activity as leading insurers in those sectors moved to control high claims experiences.

insuranceNEWS.com.au will continue to monitor premium rates over coming months. Brokers can help us by relating their renewal experiences or detailing percentage rises in the sectors they deal in. Please email editor@insurancenews.com.au.