CGU STRIVE Report 2.0
1. When did CGU release the first STRIVE Report?
a) 2020
b) 2021
c) 2022
d) 2023
2. How many times has the Reserve Bank of Australia lifted interest rates since May 2022 (at the time of the webinar)?
a) 10
b) 14
c) 15
d) 13
3. By October 2023, new vehicle sales in Australia had increased by over:
a) 10%
b) 22%
c) 100%
d) 45%
4. Parts for popular SUV vehicles have increased from/to:
a) 16% in 2021 to 25% in 2023
b) 10% in 2021 to 20% in 2023
c) 20% in 2021 to 30% in 2023
d) 15% in 2021 to 25% in 2023
5. How many quarterly building price increases have occurred since December 2019?
a) 19
b) 16
c) 15
d) 11
6. Based on CGU portfolio data of 75,751 policies, how many SME customers currently have only $5M Liability cover, or no cover at all?
a) 1 in 5
b) 1 in 2
c) 1 in 3
d) 1 in 4
7. According to the Actuaries Institute of Australia, what percentage of Australian households are considered to be underinsurance affordability stress?
a) 10%
b) 28%
c) 15%
d) 12%
8. What is the dollar value of claims payments made to Australian households in 2022?
a) Over $5bn
b) Over $8bn
c) Over $10bn
d) Over $2bn
9. CGU has implemented AI technology with:
a) Prediction tools
b) Smart audits
c) PDS interpretations
d) All of the above
10. The CGU STRIVE Report is designed to:
a) Elevate the value of brokers as trusted advisors
b) Educate brokers and customers about the forcesthat influence insurance programs
c) Empower brokers and customers with CGU and IAG subject matter expert insights and information
d) All of the above
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