Victorian Managed Insurance Authority said it will raise premiums due to record claims, driven by builder insolvencies, high inflation, and skilled worker shortages.
CreditSights report reveals mixed premium results, including some declines, but Japan's life industry sees profits rebound thanks to lower COVID-19 claims and better investment conditions.
Wider AI use by businesses could add $4.4trn to annual global GDP growth and bring cyber risk directly into a number of general insurance lines says the Swiss Re Institute.
