Australia
Australia’s annual weather-related insurance costs more than double
Australia’s annual weather-related insurance costs more than double
Insured losses increased to 0.7% of the GDP.
Suncorp’s full-year earnings climb 12% YoY
Its general insurance segment’s GWP increased by 14%.
Suncorp pivots to pure-play P&C insurance after divestments
Its FY 2024 P&C segment bagged $800m in net earnings.
AU, NZ insurance pricing flat in Q2
New Zealand’s property insurance pricing slightly rose due to natural catastrophes.
Over 3 million Australians lack adequate insurance coverage
Nearly 90% believe it is crucial to access financial support through their life.
PSC Insurance Brokers acquires Eastern Prudential
Eastern Prudential will move to the Sydney branch.
Hollard Australia’s capital remains solid until 2026
It will also benefit from its acquisition of Commonwealth Insurance.
Australian pension funds turn to catastrophe bonds for higher returns
Australia’s pensions industry brings over A$2b inflows weekly.
DUAL expands portfolio with W&I insurance offering
It will be led by Jordan Schwarz.
RLA sustains low financial leverage, aided by Aus-NZ operations
RLA's underlying earnings remained profitable.
Chubb Australia to recover gradually after 2022 investment losses
Its reputation is expected to remain strong, S&P Global Ratings said.
Australians skip pet insurance amidst cost hikes
Yet, a quarter of Australians have spent up to $3,250 out of pocket vet care.
Zurich Australia becomes preferred insurer of Tesla
The CEO said there has been an uptick in EV demand.
Allianz Partners Expands SIA Insurance Offer in Australia
Passengers can purchase insurance during the booking process.
ZAIL's outlook stable, reflects parent Zurich Insurance's status
ZAIL’s capital adequacy remains strong at the 99.99% stress level.
QBE's conservative investments support stability
Its net/net combined ratio improved to 91.2% for 2023.
Agile appoints new compliance chief in Sydney
He has over two decades of experience in the insurance sector.
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