Australia
Life insurers urged to examine contracts for transparency – APRA & ASIC
The joint APRA and ASIC review prompts regulatory expectations for Australian life companies.
Life insurers urged to examine contracts for transparency – APRA & ASIC
The joint APRA and ASIC review prompts regulatory expectations for Australian life companies.
Bright 2024 ahead for Australian insurance industry – Jefferies report
Investment income is anticipated to remain at elevated levels or potentially improve.
IAG to stay ahead, driven by P&C lines in Australia and New Zealand – S&P Global Ratings
Affordability constraints may moderate premium growth, particularly in personal lines, amid a slowing economy.
ICA urges e-motor users to have coverage
E-motors catching fire has been too frequent due to inadequate care by owners, says the ICA.
Insurers ready to tackle Cyclone Jasper – ICA
The community in the cyclone warning region is advised to monitor weather conditions and follow guidance from emergency services.
Australians urged to secure right insurance when renting out homes for summer – ICA
Holiday rental insurance is specifically tailored for properties rented out briefly.
ICA praises federal overhaul for personalised financial advice boost
The old regulatory framework entailed limited access to financial advice, especially for low- and middle-income Australians.
One in six Australians are not covered when travelling – ICA
The ICA CEO expressed that travel insurance is as important as passports.
APRA urges collaboration for sustainable super life insurance
A survey was conducted to assess how the life insurance and superannuation industries are responding to the issue of sustainability.
POP Group Holdings unveils new managing partner of operations
She will oversee operations across POP’s key operating entities.
Genetic testing for life insurance to be reviewed: Australian treasury
Despite the possibility that insurers may require genetic test results, policyholders may file reports on discrimination.
Suncorp’s profits at risk, natural hazard costs and reinsurance expenses soar: Fitch Ratings
A modest decline in Suncorp's underwriting profitability is seen over the next 12 to 24 months.
$30m co-funding will meet tepid demand for financial counsellors – ICA
This should grant 9,000 more Australians access to financial counselling.
ICA commends New South Wales Gov’t for ESL reform
The abolition of the ESL on insurance is expected to result in a 15% lower average cost for home cover and around 23% lower for business cover.
Howden buys majority stake in HQ Insurance
This comes after its recent acquisition of Tyser’s bloodstock broking business.
2020 General Insurance Code of Practice to be reviewed – ICA
The first phase will address general topics not directly related to the 2022 floods.
Elevated catastrophe costs put pressure on QBE’s earnings: Fitch Ratings
The recently completed transaction reinsured $1.9b of long-tail reserves reduced risk volatility.
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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.
