Australia
PSC shareholders vote for Ardonagh merger
The transaction is expected to close around 11 October.
Federal Court rules on IAG business interruption class action
The court expressed its intent to declass the representative proceeding.
Why Australians are at risk of scams due to informal retirement advice
Older Australians were more likely to seek advice from formal sources.
Zurich Australia launches income protection for women’s health
It will cover conditions such as menopause and endometriosis.
Cyclone pool cuts home insurance premiums by 10% in Australia
Insurance availability increased by 6% for average houses.
ICA appoints Suncorp CEO as new chair
He succeeds Nick Hawkins, who has held the role for two years.
CALI supports ban on genetic data in insurance
The 5-year review will allow the law to adapt to genetic testing.
Zurich Financial Services, Mandala unveil first climate risk index for tourism
Half of Australia’s tourism assets are classified in an elevated risk category.
Zurich partners with Tesla in Australia as it rides EV trend
The Swiss insurer is simplifying coverage to help cut the cost of buying an electric car.
Zurich Resilience Solutions Appoints former CSIS officer to cyber role
The role was recently created to boost the companies’ risk services.
ICA unveils roadmap to temper skills and talent shortage in insurance sector
Nine in 10 insurance employers struggled to find skilled staff last year.
Zurich Financial hires UK executive as ANZ risk chief
The CRO will succeed Jaimie Sach, who is retiring after three decades in the industry.
APRA sets four-year plan for financial sector stability
APRA will collaborate to address the protection gap in household insurance.
Australia’s top five insurers contribute 33% of insurance, pension market
Rising B2B costs pushed overall industry costs up by 2.5%.
Home insurance affordability worsens across Australia
Affordability stress has surged by 30% over the past year.
Increased insurance premiums impact retirement budgets: ASFA
Couples around the age of 65 require $49,290 annually for retirement.
Australian CEOs identify longevity insurance barriers
The meeting brought together 21 life insurers in the country.
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
