iSelect flags $14m profit hit

By Mitchell Neems

Chief executive Alex Stevens, who assumed the role in March from interim chief executive David Chalmers, said the revaluation in part reflected the fickleness of customers, with the two health insurance funds that constitute the majority of the trail book experiencing an increased policy attrition rate in recent times. "The market dynamics — including recent above-trend price rises on health insurance policies which led us to revalue the trail book — do, however, represent a growth opportunity for the company," he said.

Read more here: Business Spectator


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