Insurance

Papua New Guinea Insurance

Insurance in Papua New Guinea remains a sector that offers significant opportunity. With a low penetration rate – estimated at under 2% – and the overall economy set for rapid growth as a result of ExxonMobil’s liquefied natural gas project, demand is projected to increase over time. Other trends and events also suggest good prospects. A new acting insurance commissioner has been appointed and is starting to push for increased and more effective oversight; banks have shown a growing interest in being more active in the sector; and much is being done to develop coverage for people and companies outside of urban centres.

This chapter contains an interview Matthew Kearns, General Manager, QBE Insurance.

Cover of The Report: Papua New Guinea 2017

The Report

This chapter is from the Papua New Guinea 2017 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Matthew Kearns, General Manager, QBE Insurance
Matthew Kearns, General Manager, QBE Insurance: Interview