Australia
Australian insurer warns of anxiety levels caused by extreme weather
Australian insurer warns of anxiety levels caused by extreme weather
Over half of individuals said they turn to family for mental health support.
Australian insurance sector combats inflation with premium hikes
Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.
Ansvar sees positive earnings despite PSA claims
The company recorded positive operating earnings in 2022 and 2023.
CALI pushes for financial advice accessibility amidst rising costs
Only 8% of Australians consider taking financial advice for insurance.
Australian insurers remain resilient despite lower premium hikes: S&P
79% of rated Australian insurers have stable rating outlooks.
APRA sets 2025 start for new risk standards
The Practice Guide CPG 230 aims to support the management of financial institutions.
German supermarket chain dips toes in Australia’s insurance market
It will offer car and home insurance.
Chubb acquires Australian aviation insurer
The insurer hopes to broaden its reach in the aviation industry.
APRA evokes insurers to backup data against the risk of loss
The authority emphasised compliance with CPS 234.
MetLife relies on Australian arm through 2026
S&P Global says MetLife Insurance would keep a stable outlook.
What will drive Australia’s PA&H industry to reach $27.8b premiums in 2028?
The market is projected to expand by 5.9% in 2024.
CALI appoints Paul Reid to Life Code Committee
Reid will be replacing Brad Clarke.
IAG battles against cyber threats with new underwriting agency
43% of cyber-attacks target small businesses in the country.
ICA amplifies fight against insurance scams with new function
In 2023, it saw AU$560m cases of opportunistic insurance fraud.
April storm causes AU$176m in insured damages in NSW
The storm brought in 14,781 claims.
Australian council addresses AI Risks, touts strong data management
ICA calls for government-industry-academia collaboration.
Australia calls for road data sharing initiatives
The campaign is supported by 18 nat’l organisations, including insurers.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness