The CGC sanctioned two insurers with A$130,000 Community Benefit Payment during the year, including AIG Australia Ltd (AIGAL), for systemic failures in claims and complaints handling, which affected hundreds...
Soft pricing masks a more complex risk landscape as rising insolvencies, geopolitical volatility and emerging tech exposures reshape liability pressures for APAC directors.
Premiums are expected to grow across life and non-life segments as insurers navigate ageing demographics, inflation dynamics and intensifying industrial-policy trends.