Australia
Australian regulator names new chair
A new Deputy Chair and two new APRA members were also announced.
Australian regulator names new chair
A new Deputy Chair and two new APRA members were also announced.
Ongoing flooding won’t make Australian insurers tap reinsurance: S&P
The analyst also said insurer earnings will only erode slightly.
Australian High Court rejects special leave applications
The decision was announced on 14 October.
Australian watchdog finalises changes to insurance capital and reporting frameworks
The changes aim to minimise misalignments between APRA’s frameworks and AASB 17.
Australia life insurance industry net profits crashes by 51.6% in June
The industry’s total revenue also took a dive of 56.4%.
Australian general insurance industry suffers nearly $2b investment loss in June
This was caused by unrealised losses on interest-bearing investments.
Australia private health insurance net profit plummets by 28% in June
Net profits were mainly dragged down by a fall in investment income.
Nat cat will to hurt Australian property insurers profit margin: analyst
Increasing claims have pushed property insurers' loss ratio to 84.6%.
Honan names Asia CEO
He will be based in Singapore.
Suncorp sells banking arm to focus on insurance
The banking business was sold for $3.33b.
Sydney-based insurtech Upcover nabs $4.7m in seed round
The funding comprises of $2.7m in equity and $2m in debt.
What can blindside Australia’s growing general insurance industry
Natural catastrophe may hinder the potential CAGR of 6.4% through 2025, analysts warned.
$3.37b losses in Eastern Australia floods to challenge insurers
The initial assessment of losses was $2.75b in April.
ICA Board names new non-executive director
She currently heads Swiss Re’s Australia and New Zealand division.
nib postpones increasing health insurance premiums for Australians
The insurer will postpone the increase until 1 November.
Australia life insurance industry suffers 88.6% loss in investment revenues
The loss was offset by the 25% decrease in operating expenses.
Australia general insurance industry Q1 profits soars to $920m
This reflects the impact of premium increases across business classes.
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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.
