Roof tiles have risen 77% in five years and Queensland build costs went up around 45% since 2021, with insurers receiving 409,094 home claims worth A$11.3bn (US$8.1bn) since 2022, according to ICA fig...
The move follows a series of cases involving employees at the life insurer and marks an escalation from document-based supervision to direct examination of its internal controls.
Insurers are among the firms facing scrutiny over AI customer service systems that delay callers reaching human agents, as complaints to the FSS rise 17%.
Clients buying cyber cover brokered by Marsh will receive round-the-clock scanning of external infrastructure at no extra charge across Asia, excluding China.
Income Insurance chief executive Andrew Yeo will step down at the end of 2026, chairman Lim Sim Seng told staff in an email seen by The Straits Times.
Yeo informed the board of his decision but will...
International reinsurers will take a significant share of what is covered, with hydropower plants, engineering projects and commercial property along the China trade corridor driving most claims.
