The Insurance Council of Australia has urged Treasury to focus Compensation Scheme of Last Resort reforms on addressing misconduct and structural issues rather than broadening industry levies.
Insurer's net loss of HK$31m (US$3.96m) in 2025 comes after a profit in 2024, and a recent shift in business mix should help reduce loss exposure, says the ratings agency.
The insurer had refined its underwriting strategy to improve profitability while expanding its accident and health and commercial liability businesses, according to the ratings agency.
QBE’s survey finds that nearly half of Hong Kong construction firms lack cyber cover, with supply chain attacks in Hong Kong and Singapore outpacing the global average.
