Sun Insurance to lose $4.5M in revenue through removal of Third Party Policy

Sun Insurance to lose $4.5M in revenue through removal of Third Party Policy

Fiji Village – Monday 17th July 2017.

Sun Insurance has confirmed that its revenue through Third Party Insurance will decline by about $4.5 million a year and there will be 20 to 30 job losses in rural areas after the announcement by the government on the removal of the Third Party Policy on vehicle insurance.

The new process is the setting up of an Accident Compensation Commission after the passing of the bill in parliament last week. Read more…