Australia
Nearly 9 in 10 Australian insurers commit to net-zero targets by 2050
Nearly 9 in 10 Australian insurers commit to net-zero targets by 2050
Extreme weather events cost homeowners approximately $4b annually.
Australia’s super system could save $1b under proposed tax reforms
One measure proposed to introduce uniform tax policies across all accounts.
Recession, inflation top business risks for G20 leaders in next 2 years: survey
Other concerns include poverty and inequality and extreme weather events.
Ageing workforce fuels talent crisis in Australia’s insurance sector
About 58% of insurance professionals in the country are over 45.
ICA backs Senate's recommendations on climate risk impact on insurance premiums
Insured losses reached $2.19b between 2023 and 2024 due to four extreme weather events.
Aussies three times more likely to insure cars than themselves: survey
Whilst almost 80% have car insurance, only one-third hold life insurance.
ICA outlines recommendations for strata complexes amidst rising insurance costs
Insurance costs have been driven by inflationary pressures.
Australian insurance market improves in H1 2024 amidst increased competition, choices
Post-pandemic business changes continued to impact the life insurance market's profitability.
Reinsurance pool could lead to premium discount in Australia's cyclone areas
The government announced a $7.4b (A$10b) cyclone reinsurance pool that will help drive down insurance premiums.
Australian property reinsurance saw neat mid-year renewals: report
The property segment experienced pressures on pricing, particularly on loss-affected layers.
Australia's resources sector at risk of not securing insurance, funding
This is due to banks and insurers trying to appease activist shareholders, QRC said.
Aussie insurers urged to act quick for continuity, stability
The sector also has three key areas of main focus and concern.
CBA sells general insurance arm to Hollard Group
The two firms have struck a 15-year distribution deal for home and motor vehicle insurance.
Australia's 360 acquires New Zealand's TLC Insurance
The acquisition allows 360 to expand its footprint in New Zealand.
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