Australia
Markel opens Perth office to expand Western Australia presence
Markel opens Perth office to expand Western Australia presence
The company also appointed two Perth-based senior underwriters.
Cover-More secures Aon clients and staff in travel cover push
The agreement spans retail accounts.
Underinsurance crisis leaves 1 in 7 Australian homes unprotected
APRA warns coverage gaps will hit 25% by year 2050.
1 in 5 of Australians regret no insurance as premiums rise 4.41%
Average policyholders already pay about $164.2 monthly for coverage.
How 27% of Australians rank health insurance amongst the top 3 bill worries
Consumer Sentiment Tracker shows cover is already a major source of recurring payment strain.
APRA warns climate risks could leave 1 in 4 homes uninsured
The regulator assessed two severe scenarios covering weather losses and transition costs through to 2050.
Health premium hikes hit as 2.7 million Australians miss warning notices
Funds typically issue written messages before the annual adjustment period begins.
8 in 10 Australians back private health insurance reform
Only 20% of policyholders want the current insurer Medicare and patient fee mix retained.
Australia's personal accident and health to hit $28b by 2030
It recorded 5.3% expansion in 2025, reflecting pricing resilience.
Zurich to acquire ClearView for $293m
Shareholders are set to receive $0.46 in cash per share.
Zurich appoints Blain Waterford to lead Travel in Australia NZ
The new head joins the ANZ leadership team and will operate from Sydney.
Zurich launches 5-minute AI cyber insurance
The product automates underwriting for Australian firms via Cowbell partnership.
APRA executive director Beverley-Smith resigns for regulated entity role
The regulator said it will begin the process to appoint a permanent replacement.
Australia’s life insurance market set to hit $19.8b by 2029
Medical inflation remains one of the biggest drivers of rising claims costs.
AUB Group ends takeover talks as consortium withdraws offer
The consortium backed out of its A$45 per share binding proposal.
Australian health insurers see record high hospital claims
A total of 453,259 high claims—or those higher than A$10,000— were paid out during the year.
Australian superannauation fund fined $15.34m for delays
The penalty exceeds United Super's reported revenue in the 2024 financial year.
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1. Malaysia finance firms see AI ambitions falter as legacy systems block progress 2. Asia and European insurers lead as US peers lose $226b in market cap 3. Tokio Marine completes $1.8b share disposal to Berkshire unit 4. Hong Kong reviews medical insurance on affordability concerns 5. CEO says Malaysian insurers face uninsurable risks as compliance focus growsResource Center
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