Australia
2 in 5 Aussies with single policies rarely claim extra covers.
2 in 5 Aussies with single policies rarely claim extra covers.
Couples and family policy holders are more likely to make claims on extra covers.
1 day ago
Pacific commercial rates down 8% in Q1 2025
Marsh recorded declines across all major lines of business.
3 days ago
Clearer cyber risk benchmarks for Australian SMEs pushed
The financial fallout from a single cyber event can be devastating.
Australian insurers report $6.1b profit on benign hazard period: KPMG
Profits before investment income and after taxes were $3.1b.
GCube urges insurers to close risk gap in renewable projects
Severe risks have greatly impacted the project bankability of renewables.
Hannover Life Re to acquire Swiss Re’s direct life portfolio
The transaction is expected to be completed within 18 months.
Australians spend A$138 monthly average on car insurance
A research also shows that 5% cancelled their car insurance altogether.
ClearView gains stability with pivot to core life insurance
Its exit from non-core operations will streamline its focus toward profitability.
How well do Australian’s know about tiered private hospital insurance system?
13% said the tier system is as confusing as the previous insurer-specific policies.
ICA reports 95,000 claims from Cyclone Alfred damage
The cyclone and floods have exceeded A$1.2b in insurance losses.
Pacific’s capital strength stable despite reinsurance reliance: AM Best
It’s net underwriting growth is expected to stay elevated in the medium term.
ICA calls for reforms as motor insurance premiums hit A$1,052 in 2024
Car repair bills now making up 60% of claim costs.
MS Amlin opens Sydney office to expand APAC reinsurance business
Matt Botfield was appointed as head of Australia and New Zealand.
Fitch expects Helia Insurance capital buffer sufficient against downturn
The insurer is one of Australia’s largest lenders' mortgage insurance provider.
Australian firms expect financial crime surge in 2025
Only a fourth of firms admitted their programmes are adequately equipped.
APRA says two new rules to boost insurer accountability
APRA also called for greater transparency in claims processes.
Motor theft claims surge 96% to $270m in Australia over nine years
Theft claim frequency also rose sharply in Queensland and metro Victoria.
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Value migration to non-bank players with a "focused" model is accelerating.
Commentary
The increasing number of affluent individuals in India and their evolving insurance needs