Australia
APRA sets 2025 start for new risk standards
The Practice Guide CPG 230 aims to support the management of financial institutions.
APRA sets 2025 start for new risk standards
The Practice Guide CPG 230 aims to support the management of financial institutions.
German supermarket chain dips toes in Australia’s insurance market
It will offer car and home insurance.
Chubb acquires Australian aviation insurer
The insurer hopes to broaden its reach in the aviation industry.
APRA evokes insurers to backup data against the risk of loss
The authority emphasised compliance with CPS 234.
MetLife relies on Australian arm through 2026
S&P Global says MetLife Insurance would keep a stable outlook.
What will drive Australia’s PA&H industry to reach $27.8b premiums in 2028?
The market is projected to expand by 5.9% in 2024.
CALI appoints Paul Reid to Life Code Committee
Reid will be replacing Brad Clarke.
IAG battles against cyber threats with new underwriting agency
43% of cyber-attacks target small businesses in the country.
ICA amplifies fight against insurance scams with new function
In 2023, it saw AU$560m cases of opportunistic insurance fraud.
April storm causes AU$176m in insured damages in NSW
The storm brought in 14,781 claims.
Australian council addresses AI Risks, touts strong data management
ICA calls for government-industry-academia collaboration.
Australia calls for road data sharing initiatives
The campaign is supported by 18 nat’l organisations, including insurers.
Australia’s disability insurance programme to receive more gov’t support
The government is investing an additional AU$227.6m.
Australia ‘needs’ more investments to underwrite future
The Actuaries Institute also advocates for equitable super changes.
Helia Insurance’s CAR will remain afloat for the next 2 years
Its monoline business and reliance on a single customer pose concentration risks
Everest Insurance establishes presence in APAC
It opened its first office in Australia.
Australian summers bring higher disease risk
High temperatures could impact agricultural production and health.
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Indonesia enters era of digital insurance distribution
![Indonesia enters era of digital insurance distribution]()
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
