 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 2009 (%) There are currently seven insurers that issue greenslip under greenslip scheme. The total greenslip premium collected from CTP's during 2008/09 was $1.3 billion. The market share of these greenslip insurers is:
Source: Motor Accidents Authority of NSW. For further information regarding this data please visit Motor Accidents Authority website.
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Greenslip Price Include
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Value Greenslips Pty Ltd (ABN 78 135 100 793) (ValueGreenSlips.com.au) acts as Agent or Authorised Representative for 4 major CTP Insurers, and not as your agent or Authorised Representative. Product Disclosure Statements (PDS) or Driver at Fault policies for CTP greenslips is available on this website. Note: we don’t render financial advice and any information available on our website about CTP Insurance does not take into consideration your objectives, financial situation or needs, which you should consider and obtain independent financial advice. You should read and consider the PDS and policy documents before deciding whether to acquire any product mentioned.
* RTA online activation of CTP greenslips are subject to correct information sent to Value Greenslips & customers’ vehicle's eligibility for online renewal at RTA including Pink Slip (eSafety Check) being organised by customer wherever necessary. Normal working hours & holidays conditions may also apply.
** During our business hours: Mon - Fri, 8:30am - 5:00pm and Saturday, 8:30am – Midday. Holiday period hours apply.
# Based on a 12 month CTP greenslip cost of no more than $600 when you spend $242 per week on groceries and fuel from major supermarket stores over a 12 month period.
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