Australia
S&P flags distribution risk for Helia after CBA contract loss
S&P flags distribution risk for Helia after CBA contract loss
Although Helia is expected to retain approximately 21% GWP.
Australia drives insurance reviews with $20m fines on compliance breaches
Recent court rulings also indicate a trend toward non-indemnification.
Allianz Partners launches cruise insurance with cruise line as bookings rise
Cruising now accounts for 10% of all travel amongst Australians.
2 in 5 Aussies with single policies rarely claim extra covers.
Couples and family policy holders are more likely to make claims on extra covers.
Pacific commercial rates down 8% in Q1 2025
Marsh recorded declines across all major lines of business.
Clearer cyber risk benchmarks for Australian SMEs pushed
The financial fallout from a single cyber event can be devastating.
Australian insurers report $6.1b profit on benign hazard period: KPMG
Profits before investment income and after taxes were $3.1b.
GCube urges insurers to close risk gap in renewable projects
Severe risks have greatly impacted the project bankability of renewables.
Hannover Life Re to acquire Swiss Re’s direct life portfolio
The transaction is expected to be completed within 18 months.
Australians spend A$138 monthly average on car insurance
A research also shows that 5% cancelled their car insurance altogether.
ClearView gains stability with pivot to core life insurance
Its exit from non-core operations will streamline its focus toward profitability.
How well do Australian’s know about tiered private hospital insurance system?
13% said the tier system is as confusing as the previous insurer-specific policies.
ICA reports 95,000 claims from Cyclone Alfred damage
The cyclone and floods have exceeded A$1.2b in insurance losses.
Pacific’s capital strength stable despite reinsurance reliance: AM Best
It’s net underwriting growth is expected to stay elevated in the medium term.
ICA calls for reforms as motor insurance premiums hit A$1,052 in 2024
Car repair bills now making up 60% of claim costs.
MS Amlin opens Sydney office to expand APAC reinsurance business
Matt Botfield was appointed as head of Australia and New Zealand.
Fitch expects Helia Insurance capital buffer sufficient against downturn
The insurer is one of Australia’s largest lenders' mortgage insurance provider.
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