Premiums are expected to grow across life and non-life segments as insurers navigate ageing demographics, inflation dynamics and intensifying industrial-policy trends.
APRA’s new System Risk Outlook also highlights the growing impact of geopolitical threats, cyber, and system interconnectedness on Australia’s financial system.
Despite increased competition and falling rates, (re)insurers are focused on bespoke solutions and product innovations that can help reduce region's growing cyber protection gap.
