Pachoud also takes charge of Japanese Solutions, the credit insurer's coordinated offering for Japanese multinationals operating outside their home market.
Hydropower projects account for nearly 80% of reported losses, with widespread damage to energy infrastructure expected to drive the bulk of insurance claims.
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...
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%.
