Industry News

The topic being discussed regularly in the greenslip industry is that all 7 licensed greenslip insurers in NSW, invests the received greenslip premium money to earn investment income. The money from greenslip premiums and income is then used to pay greenslip claims and expenses. This is one of the major reasons why these investments affect the greenslip premiums that the greenslip insurers charge.

The recent global financial crisis and further deteriorating international and domestic interest rates have taken a big slide and the greenslip insurers are receiving less interest and investment income. Now, each of these licensed greenslip insurers is trying to keep their cash reserves up by increasing the greenslip premium to be able to pay greenslip claims.

Market Share 2010 (%)

There are currently seven insurers that issue greenslip under greenslip scheme. The total greenslip premium collected from CTP's during 2009/10 was $1.5 billion.

The market share of these greenslip insurers is:

AAMI	10.1%
Allianz	13.4%
CIC Allianz	4.9%
GIO	10.7%
NRMA	36.7%
Zurich	6.7%
QBE	17.5%

Source: Motor Accidents Authority of NSW. For further information regarding this data please visit Motor Accidents Authority website.

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1.) You must renew registration before the USE-BY DATE displayed on the Greenslip or it will no longer be valid at the RTA.

2.) If the registration is more than 21 days overdue you may need to renew the registration for 12 months, and a new 12 month Greenslip will be required.

3.) The 6 months registration renewal can be done ONLINE or OVER THE PHONE, the RTA may or may not renew them OVER THE COUNTER.

4.) Please remember to register your vehicle before:

5.) Special Note: PENSIONERS are also required to renew the registration and get a RTA receipt number for an amount of $0.00 in order to avoid any hassle or fines.

Click [I Agree] button below to confirm that you have read and understood the notes written above.

1.) You have told us that you have [ZERO DEMERIT POINTS] on your NSW drivers licence.

2.) Due to this, the system may provide you with a lower quote.

3.) If you accept this quote, you may be asked for your NSW drivers licence details over the phone during business hours.*

4.) Your licence information will be sent to the RTA who will verify your [ZERO DEMERIT POINTS].

5.) You may also check your ZERO DEMERIT POINT status at RTA on 13 22 13 or Check Online at www.myRTA.com

6.) If you would like to change your answer press [CANCEL], otherwise press [Proceed] to get your quote.

Click [Proceed] button below to confirm that you have read and understood the notes written above.

Industry News

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