Australia
New Zealand’s insurance profitability remains subdued – Reserve Bank
Regarding regulatory updates, progress has been made in two reviews of insurance regulation.Â
New Zealand’s insurance profitability remains subdued – Reserve Bank
Regarding regulatory updates, progress has been made in two reviews of insurance regulation.Â
Coalition inaugurates its first active cyber insurance in Australia
It hopes to fortify businesses’ cyber defences.
APRA corrects audit standards for life insurers
The amendments were minor changes to level of assurance required for two reporting standards.
ICA picks out seven catastrophe-related areas insurers need to improve on
Eight insurers’ action responses to the Cat 221 were analysed for the report.
APRA inserts AU$20m more in capital requirement to RAC Insurance
APRA saw significant weaknesses in RAC's outsourcing controls, conflict management, and board decision-making processes.
APRA, ASIC publish papers for industry’s data collection
This aims to assist the industry in conducting detailed assessments of risks.
More out-of-hospital-care by private entities could boost Australians' savings – AMA
Potential savings could lead to reduced premiums, increased uptake of insurance, and ultimately cost savings.
It costs 47% more for Australians to pay their car insurance premiums versus five years ago
34% experiencing increases ranging from AU$120 to AU$600 annually, the survey revealed.
POP Group Holdings names new CIO
His expertise in insurance and the overall financial industry is said to drive POP's digital transformation and innovation efforts in the insurance market.
Australia’s intermediate general insurance records AU$18.5b in June
This was 11.4% higher on a year-on-year basis.
Canopius bolsters APAC team with two Australian members
The insurer aims to prioritise offerings in the Australian market.
ICA urges gov’t to reform insurance tax in future budgets, overall annual fund sufficient
New South Wales currently imposes the highest insurance taxes in Australia.
Incentivising underwriting and investment in nature’s resiliency could be beneficial – ICA
Insurers can draw concepts from the TNFD framework for better strategies.
Australia’s historic natural disasters would lead to bigger financial costs today – ICA
The council urges for better investment in resilience and mitigation measures.
Australia’s health insurance doubles in first semester – APRA
Investment income rebounded year-on-year, driving overall earnings growth.
Australia’s general insurance earnings jumps eightfold in June
It accumulated AUS$4.6b.
National Disability Insurance Scheme needs to improve – Actuaries Institute
Presently, there are 313,000 NDIS participants under the age of 18.
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