Australia
IAG's GWP surges 12.5% 1H’24
Profits from its insurance business accumulated $403.3m (AU$614m).
NDIS participants see improved employment opportunities
The National Disability Insurance Scheme (NDIS) participants feel they have more control over their choices in over three quarters.
QBE reports strong premium growth, up 10% YoY
The group’s performance was partially offset by short-tail prior-year development.
NDIS establishes task force for improved registration system
Risk-proportionate regulatory model and a new provider risk framework are initiatives in mind.
Actuaries Institute urges policy shift to address retirement challenges
About 16 million Australians are facing challenges when it comes to retirement.
APRA issues supervision and policy priorities for 1H’24
There will be a focus on balancing financial sustainability with affordability and availability in the insurance sector
ICA CEO addresses House Committee, acknowledges failures in 2022 flood response
Despite the efforts of insurers and their personnel working around the clock, some systems and processes fell short, the CEO admitted.
Australian group advocates for strict regulation on genetic test use
The Council of Australian Life Insurers calls for gov’t regulation.
Actuaries Institute urges ethical AI use, stresses role in financial fairness
Actuaries Institute President David Whittle also identified the home insurance market as an area of concern.
Auto & General hit with AU$50m capital blow in APRA’s risk crackdown
The company has accepted the findings and committed to the remediation programme.
Actuaries Institute urges overhauling Australia's retirement system
The white paper calls for a regulatory framework for superannuation trustees.
Australia’s MVRI Code of Conduct overhaul implements recommendations for better governance
The CAC is also enhancing the user experience on the code's website in response to industry feedback.
APRA retires two Prudential Practice Guides
Current risk management expectations, including areas covered by GPG 250 and LPG 250, are already tackled in Prudential Standard CPS 220 Risk Management
Australia’s general insurance sector to surge 9.1% by 2027
The industry is seen to grow by 9.5% in 2023 and 9.8% in 2024.
IAG affirms catastrophe reinsurance programme
About 17,000 claims were filed in December alone.
QBE Lenders' Mortgage Insurance shows promising stance in Australia market – S&P Global Ratings
QBELMI is expected to maintain its prominent position in the lenders' mortgage insurance market in Australia
Australia ready to take hit from Queensland cyclone and flood damage: S&P
The state could face higher spending in the next few years.
Thought Leadership Centre
Resource Center
Read Here
Advertise
Sign Up
Event News
Event News
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.
