Australia
Australia unveils new standards for banks, insurers’ operational risk management
The new standard will take effect on 1 July 2025.
Australia unveils new standards for banks, insurers’ operational risk management
The new standard will take effect on 1 July 2025.
Major floods drive Australia's iinsured losses to $7.17b in 2022
The council will review insurers’ flood response during the period.
QBE selects Peter Wilson as non-executive director
The appointment is subject to regulatory approvals and is expected to be effective from 1 September.
AAGIL portfolio transfer to Allianz kicks off in September
AAGIL plans to transfer its general insurance portfolio to Allianz.
Zurich names new head of general insurance for Australia, New Zealand
Alex Morgan is currently chief risk officer for Zurich Asia Pacific.
IAG subsidiary CGU Insurance inks partnership with ANZ
CGU will offer general insurance products to ANZ's retail banking customers.
Australia’s Fed penalises Insurance Australia Group
Its wholly-owned subsidiary provided misleading information over pricing discounts.
Reinsurer Canopius builds global cyber incident team
It consists of members from Sydney, London, and Chicago.
Australian regulator flags Medibank for cyber incident
Medibank will face an AU$250m ($168m) increase in its capital adequacy requirement.
Australia's insurance council hails A$400m in extreme weather protection
From 2019 to 2020 alone, bushfires caused AU$13b in damage.
Australia’s Mavco Insurance gets acquired by Gallagher
Gallagher Australia’s offices will absorb Mavco’s employees.
QBE gross written premiums up 11% in Q1
The insurance firm expects to record a 10% growth for 2023.
4 in 5 life insurance owners felt 'financially secure’
Four in 10 believed that financial concerns affect one’s mental health.
APRA plans to remake four life insurance prudential standards
The standards are set to be remade before 1 April.
Australia's general insurance net profit rise 34.4% YoY
The industry earned a total of $1.51b.
Australia life insurance full-year 2022 net profit falls 59.3%
Investment loss was the main driver of the decreased performance for the year.
Significant portion of Aussie millennials plan to travel without insurance: ICA
Almost eight in 10 Australians under 30 are planning to travel more often.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
