Australia
Australia’s MVRI Code of Conduct overhaul implements recommendations for better governance
Australia’s MVRI Code of Conduct overhaul implements recommendations for better governance
The CAC is also enhancing the user experience on the code's website in response to industry feedback.
APRA retires two Prudential Practice Guides
Current risk management expectations, including areas covered by GPG 250 and LPG 250, are already tackled in Prudential Standard CPS 220 Risk Management
Australia’s general insurance sector to surge 9.1% by 2027
The industry is seen to grow by 9.5% in 2023 and 9.8% in 2024.
IAG affirms catastrophe reinsurance programme
About 17,000 claims were filed in December alone.
QBE Lenders' Mortgage Insurance shows promising stance in Australia market – S&P Global Ratings
QBELMI is expected to maintain its prominent position in the lenders' mortgage insurance market in Australia
Australia ready to take hit from Queensland cyclone and flood damage: S&P
The state could face higher spending in the next few years.
Life insurers urged to examine contracts for transparency – APRA & ASIC
The joint APRA and ASIC review prompts regulatory expectations for Australian life companies.
Bright 2024 ahead for Australian insurance industry – Jefferies report
Investment income is anticipated to remain at elevated levels or potentially improve.
IAG to stay ahead, driven by P&C lines in Australia and New Zealand – S&P Global Ratings
Affordability constraints may moderate premium growth, particularly in personal lines, amid a slowing economy.
ICA urges e-motor users to have coverage
E-motors catching fire has been too frequent due to inadequate care by owners, says the ICA.
Insurers ready to tackle Cyclone Jasper – ICA
The community in the cyclone warning region is advised to monitor weather conditions and follow guidance from emergency services.
Australians urged to secure right insurance when renting out homes for summer – ICA
Holiday rental insurance is specifically tailored for properties rented out briefly.
ICA praises federal overhaul for personalised financial advice boost
The old regulatory framework entailed limited access to financial advice, especially for low- and middle-income Australians.
One in six Australians are not covered when travelling – ICA
The ICA CEO expressed that travel insurance is as important as passports.
APRA urges collaboration for sustainable super life insurance
A survey was conducted to assess how the life insurance and superannuation industries are responding to the issue of sustainability.
POP Group Holdings unveils new managing partner of operations
She will oversee operations across POP’s key operating entities.
Genetic testing for life insurance to be reviewed: Australian treasury
Despite the possibility that insurers may require genetic test results, policyholders may file reports on discrimination.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
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