Australia
Actuaries Institute names new 2025 President
Actuaries Institute names new 2025 President
She urged actuaries to tackle generational inequality.
12 hours ago
PIC Insurance Brokers appoints new COO
Graeme Edwards was the executive general manager at AIA.
4 days ago
Australian council supports new funding round for disaster mitigation
The fund provides $125.8m (A$200m) annually.
Rate increases under review for Australia’s private health insurers
The minister did not specify the rate of increases yet.
Insurers in ANZ leverage AI amidst tightening margin
Due to inflation, extreme weather events, and evolving consumer expectations.
ANZ firms boost cybersecurity budgets despite layoffs
Cost pressures have led 25% of organisations to reduce IT and security staff.
Australia’s life insurers top global data readiness
Worldwide, data readiness was the primary obstacle to maximising AI.
Markel names new Casualty Claims manager for Australia
He was with Chubb for more than 12 years.
IAG secures reinsurance for 2025 natural disasters
The programme offers coverage for two catastrophic events up to $6.2b.
Abundant reinsurance capital eases costs for ANZ property risks: Gallagher Re
Reinsurer quotations were closely aligned with fewer outliers compared to previous years.
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.
Australia's private health insurers record $1.07b profit in 2024
The year gathered data from 30 private health insurers.
Nearly 9 in 10 Australian insurers commit to net-zero targets by 2050
Extreme weather events cost homeowners approximately $4b annually.
QBE Capital Global's outlook stable: AM Best
The ratings reflect the strategic importance of both entities within the QBE group.
Australia's general insurance sector set to hit $96b by 2029
The market is seen to reach $67.4b next year.
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.
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1. Hong Kong’s job-hopping insurance workers may see bigger pay 2. Chubb names two new leaders within Overseas General Insurance divison 3. AIA’s value of new business slated for 23% growth for Q4 2024 4. Insurance Development Forum appoints new chair of operating committee 5. India Post Payments Bank, PNB MetLife India Insurance ink bancassurance dealResource Center
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The awards programme honours companies in Asia that set new benchmarks in the insurance landscape.
Commentary
Ageing populations and rising mortality main concerns for life insurers and reinsurers