Australia
APRA issues supervision and policy priorities for 1H’24
There will be a focus on balancing financial sustainability with affordability and availability in the insurance sector
APRA issues supervision and policy priorities for 1H’24
There will be a focus on balancing financial sustainability with affordability and availability in the insurance sector
ICA CEO addresses House Committee, acknowledges failures in 2022 flood response
Despite the efforts of insurers and their personnel working around the clock, some systems and processes fell short, the CEO admitted.
Australian group advocates for strict regulation on genetic test use
The Council of Australian Life Insurers calls for gov’t regulation.
Actuaries Institute urges ethical AI use, stresses role in financial fairness
Actuaries Institute President David Whittle also identified the home insurance market as an area of concern.
Auto & General hit with AU$50m capital blow in APRA’s risk crackdown
The company has accepted the findings and committed to the remediation programme.
Actuaries Institute urges overhauling Australia's retirement system
The white paper calls for a regulatory framework for superannuation trustees.
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.
Most Read
1. 25% of employers to enhance insurance coverage in the next two years 2. Allianz Partners collaborates with MoneyHero for travel insurance 3. Natural disasters steer Asia Pacific towards parametric insurance 4. AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participants 5. Management addresses market demands at Jefferies callResource Center
Read Here
Advertise
Sign Up
Awards
Jul
09
Event News
Event News
Celebrate your award-winning insurance initiatives at the Insurance Asia Awards 2024
![Celebrate your award-winning insurance initiatives at the Insurance Asia Awards 2024]()
Co-Written / Partner
Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
Videos
Partner Sites
Most Read
1. 25% of employers to enhance insurance coverage in the next two years 2. Allianz Partners collaborates with MoneyHero for travel insurance 3. Natural disasters steer Asia Pacific towards parametric insurance 4. AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participants 5. Management addresses market demands at Jefferies callAwards
Jul
09
Commentary
Critical illness coverage penetration challenges: Understanding Singaporean Struggles and Solutions
Renewables push faces climate hurdles post-COP28