Property

Rising sea levels leave nearly 500,000 Australian properties 'uninsurable'

August 28 2024

Study by Aon and Monash University highlights the importance of greater investment in climate models.

number-of-insurance-affordability-stressed-households-in-australia-rose-30-in-last-year-actuaries-institute

Number of insurance affordability-stressed households rises 30%: Australia's Actuaries Institute

August 27 2024

New report warns that the issue of affordability is bigger than insurance and could be a problem for lenders, regulators, and governments.

BHSI elevates Kiran Prakash and Jessie Yuen to key leadership roles for Asia

August 26 2024

Prakash is the Head of First Party Lines for Asia and Yuen is the region's new Head of Energy.

acil-calls-for-equitable-contributions-in-aprcs-cyclone-reinsurance-pool

Consumer watchdog calls for ‘equitable contributions’ in Australia's Cyclone Reinsurance Pool

August 23 2024

ACIL has asked the Joint Select Committee to ensure residents of Northern Australia are considered during the review of the ARPC's premium rates.

Steven Holmes moves from Zurich to HDI Global Australia as Senior Property Underwriter

August 21 2024

Holmes joins HDI following 12 years with Zurich.

extreme-weather-impact-on-australian-economy-has-tripled-over-the-last-30-years-ica

Australia's insured losses from catastrophe weather events triple to 0.7% of GDP over 30 years: ICA

August 19 2024

Despite a sharp increase in premiums, insurers' profits remain stagnant due to escalating natural catastrophe losses.

kb-indonesia-assigned-b-good-fsr-bbb-good-long-term-icr-by-am-best

AM Best assigns KB Indonesia's ratings, expects improved stability with rise in premiums, motor business

August 16 2024

KB Indonesia has been assigned ‘B++’ (Good) FSR, and ‘bbb+’ (Good) Long-Term ICR by AM Best.

delta-nz-names-sian-mullane-as-senior-property-underwriter

Delta NZ names Siân Mullane as Senior Property Underwriter

August 16 2024

Mullane joins following over five years with Chubb.

ICA calls for land-use planning reforms to mitigate risk from natural catastrophes

August 15 2024

In conjunction with the PIA, the Council urges collaboration between government and industry while emphasising need for the right resources and tools to reduce vulnerability.

Reinsurers minimising severe convective storm losses despite increasing threats: S&P

August 12 2024

Insured losses from global natural catastrophes in 2023 reached over US$100bn for the fourth consecutive year.

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