Insurance Council of Australia
The Insurance Council of Australia (ICA) is the representative body of the general insurance industry in Australia. It is a group that represents 89% of total premium income written by private sector general insurers, spanning both insurers and reinsurers.
See below for the Latest Insurance Council of Australia News, Analysis, Profit Results, Share Price Information, and Commentary.
Australia’s historic natural disasters would lead to bigger financial costs today – ICA
The council urges for better investment in resilience and mitigation measures.
Australia’s historic natural disasters would lead to bigger financial costs today – ICA
The council urges for better investment in resilience and mitigation measures.
Australian insurers’ ‘cyclical’ profits often affected by uncontrollable entities – ICA
Rise in inflation and reinsurance costs are driving up expenses for insurers into 2023.
Insurers, groups ally for planning reform – ICA
A roundtable discussion called on state and territory governments to reconsider planning rules.
Australia's insurance council hails A$400m in extreme weather protection
From 2019 to 2020 alone, bushfires caused AU$13b in damage.
Significant portion of Aussie millennials plan to travel without insurance: ICA
Almost eight in 10 Australians under 30 are planning to travel more often.
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.
ICA Board names new non-executive director
She currently heads Swiss Re’s Australia and New Zealand division.
ICA commends the federal budget on resiliency and cybersecurity
The federal government has set aside a total of $201.26m in related measures
ICA calls for major overhaul of Australia's cyber insurance market
The group highlights challenges to maintaining and developing a cyber insurance market.
ICA urges Australian governments to double Federal funding to AU$200m a year
The council said this will help make the country more resilient against extreme weather.
Australia classifies insurers as emergency responders
The Insurance Council of Australia welcomed the updated protocol for insurers.
Federal court rules in favor of Australian insures in COVID-19 BI cases
The insurers avoided coughing up an estimated A$10b in payouts.
Australian insurers ready for regulatory reform: ICA
Insurers made ‘sweeping changes’ for the upcoming reforms, it said.
Australia’s Business Advisory Council to improve affordability of insurance
The council was formed by the Insurance Council of Australia.
ICA calls for national approach for disaster response
Australia’s insurance group wants a COVID-safe way to move personnel across the border.
ICA warns new cybersecurity rules could raise premiums
Australian insurers urged the government to approach these amendments with caution.
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