The government revived the blocked proposal, maintaining that the resulting savings are needed to expand aged care capacity and support older Australians.
The change is expected to have a significant financial impact on lower-income older Australians, including pensioners and part-pensioners, while placing additional pressure on the public hospital syst...
The trade bodies, whose members represent around US$200bn in gross written premiums, will share evidence on resilience, regulation and extreme weather, alongside emerging risks such as cyber and AI.
Speaking at the ICA’s 2025 Annual Conference, Steve Johnston said insurers must innovate to serve climate-exposed communities and rebuild public trust.
The regulator is sharpening its focus on affordability and long-term resilience as insurers face mounting cost pressures from natural disasters, inflation, and limited reinsurance capacity.
Through its tie-up with Concord Healthcare, AIA aims to help insured employees access advanced cancer treatment across the border in Guangzhou at lower cost.
