Australia
6 in 10 Australians willing to spend more on protection against disasters
6 in 10 Australians willing to spend more on protection against disasters
RAA CEO warned extreme events are driving up insurance costs.
APRA withdraws cloud outsourcing paper
It will be replaced with a new standard which introduces formal supervisory oversight.
QBE Insurance slated for earnings improvement – S&P Global Ratings
The insurer outperformed catastrophe loss projections.
Premium spikes threaten home insurance affordability in Australia
Mainly due to rising claims and increasing costs for insurers.
29% of micro-SMEs can't handle $10k setback despite coverage
59% of micro-SMEs have not updated their insurance since starting their business.
Suncorp's net profit jumps 89% in H1 2025
EPS was A$86.56.
Australia sets up claim centre for customers affected by severe storms
The hub is located in Townsville and is open until 15 February.
Australians pay $585 on average for car insurance
Insurance prices increased by 14% as of September last year.
Suncorp completes sale of Asteron Life to Resolution Life
Suncorp received $141.8m plus the estimated excess capital.
Actuaries Institute names new 2025 President
She urged actuaries to tackle generational inequality.
PIC Insurance Brokers appoints new COO
Graeme Edwards was the executive general manager at AIA.
Australian council supports new funding round for disaster mitigation
The fund provides $125.8m (A$200m) annually.
Rate increases under review for Australia’s private health insurers
The minister did not specify the rate of increases yet.
Insurers in ANZ leverage AI amidst tightening margin
Due to inflation, extreme weather events, and evolving consumer expectations.
ANZ firms boost cybersecurity budgets despite layoffs
Cost pressures have led 25% of organisations to reduce IT and security staff.
Australia’s life insurers top global data readiness
Worldwide, data readiness was the primary obstacle to maximising AI.
Markel names new Casualty Claims manager for Australia
He was with Chubb for more than 12 years.
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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