Australia
ClearView gains stability with pivot to core life insurance
ClearView gains stability with pivot to core life insurance
Its exit from non-core operations will streamline its focus toward profitability.
2 days ago
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.
5 days ago
ICA reports 95,000 claims from Cyclone Alfred damage
The cyclone and floods have exceeded A$1.2b in insurance losses.
5 days ago
Pacific’s capital strength stable despite reinsurance reliance: AM Best
It’s net underwriting growth is expected to stay elevated in the medium term.
6 days ago
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.
Australia records surge in claims, cyclone recovery drags
To expedite the claims process, insurers have deployed additional claims consultants.
Rising costs push 1 in 4 Australians risk voiding insurance
Neglecting routine maintenance could lead to consequences at the event of a claim.
Kita expands carbon insurance coverage to Australia
The move boosts its presence in the region, it said.
Australians' out-of-pocket medical expenses rise to $1b in 2024
Private health insurance benefits in Australia have hit a record low since 2008.
Australia's insurers log 3,000 claims post-Cyclone Alfred
ICA CEO said to expect “many more thousands of claims.”
Australia’s P&C could face $1.3b insured losses from Cyclone Alfred
The cyclone is forecast to make landfall on 7 March.
ICA proposes A$30.15b flood defence fund
Last year saw 41 million policies issued for households and businesses.
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