The ICA has activated early catastrophe processes and warned residents to prepare for more storms following Brisbane and Ipswich hailstorm on 26 October.
The funding, led by Hong Kong-based Yunfeng Financial Group Limited, will support the development and rollout of life insurance products denominated in digital currencies.
QBE survey highlights that human error remains the main cause of cyber incidents across Australia and New Zealand, with younger workers exhibiting the poorest cyber hygiene.
The Korea Insurance Research Institute warns that financial market uncertainty and persistently low interest rates will continue to pressure the industry's bottom line.
