Australia
ANZ firms boost cybersecurity budgets despite layoffs
ANZ firms boost cybersecurity budgets despite layoffs
Cost pressures have led 25% of organisations to reduce IT and security staff.
13 hours ago
Australia’s life insurers top global data readiness
Worldwide, data readiness was the primary obstacle to maximising AI.
3 days ago
Markel names new Casualty Claims manager for Australia
He was with Chubb for more than 12 years.
3 days ago
IAG secures reinsurance for 2025 natural disasters
The programme offers coverage for two catastrophic events up to $6.2b.
3 days ago
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.
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%.
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