Australia
Rising costs push 1 in 4 Australians risk voiding insurance
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.
Australia's insurance sectors report revenue growth in Q3 2024
Both the life and general insurance market’s earnings climbed QoQ.
CFC expands in Australia, rebrands Solution Underwriting
It plans to further extend into management liability, technology, media, and IP.
Australian health premiums set to rise by 3.73% in April
The premium changes take effect on 1 April.
16% plan insurance exit as Australian premiums spike
But 41% of Australians will keep their current provider.
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.
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