Australia
Australia’s P&C could face $1.3b insured losses from Cyclone Alfred
Australia’s P&C could face $1.3b insured losses from Cyclone Alfred
The cyclone is forecast to make landfall on 7 March.
3 days ago
ICA proposes A$30.15b flood defence fund
Last year saw 41 million policies issued for households and businesses.
4 days ago
Australia's insurance sectors report revenue growth in Q3 2024
Both the life and general insurance market’s earnings climbed QoQ.
5 days ago
CFC expands in Australia, rebrands Solution Underwriting
It plans to further extend into management liability, technology, media, and IP.
5 days ago
Australian health premiums set to rise by 3.73% in April
The premium changes take effect on 1 April.
6 days ago
16% plan insurance exit as Australian premiums spike
But 41% of Australians will keep their current provider.
6 days ago
Australia opens consultation for annuity products capital settings
The key proposal will modify the calculation of the ‘illiquidity premium’.
This week in insurance: Australia's insurance sector faces cost pressures
6 in 10 Australians said they are willing to spend more on protection against disasters.
ASFA sees double-digit returns in 2024 for superannuation funds
They also cautioned against increased regulatory burdens.
6 in 10 Australians willing to spend more on protection against disasters
RAA CEO warned extreme events are driving up insurance costs.
APRA withdraws cloud outsourcing paper
It will be replaced with a new standard which introduces formal supervisory oversight.
QBE Insurance slated for earnings improvement – S&P Global Ratings
The insurer outperformed catastrophe loss projections.
Premium spikes threaten home insurance affordability in Australia
Mainly due to rising claims and increasing costs for insurers.
29% of micro-SMEs can't handle $10k setback despite coverage
59% of micro-SMEs have not updated their insurance since starting their business.
Suncorp's net profit jumps 89% in H1 2025
EPS was A$86.56.
Australia sets up claim centre for customers affected by severe storms
The hub is located in Townsville and is open until 15 February.
Australians pay $585 on average for car insurance
Insurance prices increased by 14% as of September last year.
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