Australia
Suncorp retains stable outlook amidst earnings diversity concerns: S&P
Suncorp retains stable outlook amidst earnings diversity concerns: S&P
It plans to return $2.5b in excess capital from the bank sale to shareholders in 2025.
3 days ago
Australia's private health insurers record $1.07b profit in 2024
The year gathered data from 30 private health insurers.
3 days ago
Nearly 9 in 10 Australian insurers commit to net-zero targets by 2050
Extreme weather events cost homeowners approximately $4b annually.
6 days ago
QBE Capital Global's outlook stable: AM Best
The ratings reflect the strategic importance of both entities within the QBE group.
6 days ago
Australia's general insurance sector set to hit $96b by 2029
The market is seen to reach $67.4b next year.
6 days ago
RACQ to sell 90% of insurance business to IAG
If completed, the transaction alter the strategic positioning of the broader group.
Australia’s private health insurers’ profit surges 64% YoY in September quarter
Total assets gradually increased 2.1% YoY to $13.06b.
Resolution Life acquisition could add $330m to Nippon Life's profit
Fitch views the transaction as credit-positive for Nippon Life.
Australia warns of spike in theft claims amidst holiday season
Half of Aussies said they planned for 4-day vacations, leaving homes vulnerable.
ICA to consult on motor vehicle insurance code update
The initial draft was supposed to be released within this year.
Insurers alert to higher cyclone, flood risks in Australia
The threat of tropical cyclones remains high in northern Australia.
Australia’s general insurance sector to see profitable 2025 ahead
For FY 2024, gross earned premium grew by 11%.
Australia’s super system could save $1b under proposed tax reforms
One measure proposed to introduce uniform tax policies across all accounts.
Mental health claims surge amongst Aussie millenials, boomers
Men are 60% more likely than women to file such claims.
ICA proposes 17 steps to improve strata insurance outcomes
Key proposals include stricter education requirements for strata managers.
Australian insurers see revenue growth in the September quarter
Total assets totalled $174b during the period.
Ageing workforce fuels talent crisis in Australia’s insurance sector
About 58% of insurance professionals in the country are over 45.
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