Insurance Company News
Australia Post's shopfront expansion
Thursday September 3, 2009
THE arrival into the $24 billion insurance market of the government-owned monopoly Australia Post is a cause for alarm. The head of its financial services, Andrew Wiseman, will find no quarrel with his assertion that car, home and travel insurance is "a natural fit" for a business that already handles more than $80 billion of payments and transfers every day. Australia Post has an even more powerful institutional advantage in its network of 4450 outlets nationwide that give it an established and unparalleled access to consumers.