Australia
1 in 5 Australians don't have adequate insurance
1 in 5 Australians don't have adequate insurance
About 9% indicated a need for health insurance.
APRA to assess industry's climate risk management
This year’s survey will have participants from banking, insurance, and superannuation entities.
IAG apologizes for payroll mishap, ensures fix
The issue was due to its manual submission of entitlement claims.
Australia's life insurance to grow 5.9% CAGR by 2028
Favourable macroeconomic and demographic factors will be catalysts for its 2024 performance.
Suncorp sells NZ life insurance business
The sale was valued at NZ$410m.
Australia’s Christmas storms cause AU$1.5b industry loss
The storm brought hail sizes of up to 10cm.
Helia Insurance sees claims normalising soon: Fitch Ratings
It holds a 34% market share in lenders' mortgage insurance (LMI) as of 1H’23.
NDIA holds quarterly meeting for further enhancement of the RFO programme
The programme focuses on identifying scheme improvements prior to the government’s response to the NDIS review.
Markel expands into Australia with specialised coverages
The new professional indemnity products cover six professional areas.
AM Best affirms Hollard Insurance’s outlook as stable
The company’s strong financial flexibility is attributed to shareholder support, including capital injections and hybrid debt issuances.
Australians strike out health insurance amid soaring costs
Over the past twenty years, health insurance prices have more than tripled.
41% of Australian travellers opt out of purchasing travel insurance
27% of Australians think travel insurance is unnecessary.
ASFA blames legislative changes for superannuation insurance downturn
Legislative changes blamed for superannuation insurance downturn.
New regime to strengthen accountability framework for Australia’s financial institutions
The Financial Accountability Regime (FAR) is effective beginning 15 March.
Claims soar to 19,932 after Victoria thunderstorm – ICA
About 85% of the claims are related to home and contents damage.
ICA backs standardised definitions for natural hazards in insurance policies
Standardised definitions entail all insurers use the same definition for a specific event in their policies.
Australian regulator calls for better claims handling
ASIC expects the industry to improve its response to recent events and prioritise the resolution of outstanding claims related to 2022 floods.
Thought Leadership Centre
In Association with
Most Read
1. HDI Global Japan targets commercial and cyber insurance growth 2. FWD reshuffles leadership as CFO successor named 3. Howden’s Shweta Swaroop pushes pay data transparency in insurance 4. GrabInsure rolls out insurance for SG private-hire vehicle drivers 5. Prudential profit rockets 71% in 2025 as S&P elevates rating to AAResource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness