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Non-life
Heavy rainfall, flooding prompts evacuations in North Queensland
February 3 2025
The Insurance Council of Australia on Sunday declared the North Queensland floods a ‘significant event’.
Steadfast Group combines Network Insurance Group and Insurance House
January 31 2025
Group's two largest brokerages merge, with Andrew Broughton named as CEO.
IRDAI caps senior citizen health insurance rate hikes at 10%
January 31 2025
The move follows the regulator’s decision to abolish the age cap of 65 years for purchasing health insurance.
Front Re elevates Rizal Zakaria to CEO
January 31 2025
Zakaria brings extensive experience from global (re)insurers.
Watchdog urges ACIL to name insurer penalised for claims code breach
January 31 2025
“Consumers and industry stakeholders deserve to know when an insurer has failed to meet its obligations,” says Chair of Australian Consumers Insurance Lobby.
Vanessa Teo promoted to Deputy CEO of Great American's Singapore branch
January 31 2025
Teo has been a key member of the Singapore team since the branch's establishment in 2014.
IAG to release AU$200m from BI provision as class action ends
January 31 2025
Actuarial estimate comes after Federal Court rules that COVID-19 business interruption class action against subsidiary IAL will not proceed.
Reinsurers set to cover at least 30% of LA Wildfire insurance losses: Moody's
January 31 2025
However losses borne by reinsurers will be less than in previous years due to "significant increase" in attachment points since 2023.
IRDAI grants Niva Bupa extension to meet expenses of management limit: Report
January 30 2025
Regulator gives insurer until FY26 to meet new requirements.
Cambodia’s insurance industry sees 3.5% gross premium growth in 2024
January 30 2025
Premiums grow but gross claims incurred surge, according to data from the Insurance Regulator of Cambodia.
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