Australia
Australia’s life insurance market set to hit $19.8b by 2029
Australia’s life insurance market set to hit $19.8b by 2029
Medical inflation remains one of the biggest drivers of rising claims costs.
9 hours ago
AUB Group ends takeover talks as consortium withdraws offer
The consortium backed out of its A$45 per share binding proposal.
3 days ago
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.
4 days ago
Australian superannauation fund fined $15.34m for delays
The penalty exceeds United Super's reported revenue in the 2024 financial year.
Health insurance premiums in Australia are set to rise about 4% in 2026
A premium increase in this range would add around $82.6 to $93.6 a year for singles.
Why 4.5 million Australians skip insurance claims over premiums
The most commonly skipped claims were for home and car insurance.
Australia’s non-life insurers sustain profit with firm reinsurance terms
The sector also remains dominated by IAG, Suncorp, QBE and Allianz.
Australia’s insurance market softens as competition intensifies
The property sector is seeing an influx of local and international capacity.
Canopius bolsters APAC operations with new leadership hires
Both will be based in Sydney.
Property and health lines drive Asia’s insurance growth trends
Property insurance remains a major segment in Singapore.
Swiss Re Life & Health to pause new business in Australia
The move comes amidst growing concern over rising TPD claims.
Clyde & Co welcomes back Yvonne Lam to strengthen insurance team
Lam will focus on transactional, regulatory, and commercial advisory work for insurers.
Why 1 in 7 Australians travel overseas without insurance cover
More than a third said they had seen risky destinations promoted positively.
Why Australians stay loyal to health insurers for 10 years on average
Nearly half of policyholders have never switched health insurers.
Why Australians rate EVs as pricier to insure despite similar costs
Youi’s data shows that EV insurance costs can be comparable to petrol vehicles.
Australia posts $1.3b in insured losses from major disasters
The report also pushes for the proposed $19.8b Flood Defence Fund.
Australia insurers sustain profits on higher premiums, stable claims
Health insurers are likely to see moderate profitability.
Thought Leadership Centre
In Association with
Most Read
1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
Showcase your achievements and gain recognition for shaping the future of insurance.
Commentary
AI isn’t replacing insurance, it’s finally making it work