Affordability

climate-risks-push-650000-australian-properties-toward-uninsurability-report-warns

Climate risks push 650,000 Australian properties toward uninsurability in 2025, report warns

April 16 2025

Climate Council and Climate Valuation report that 4.4% of the country's housing stock is high risk, posing a threat to long-term insurability.

medical-inflation-threatening-access-to-healthcare-malaysia-re

Medical inflation threatening access to healthcare: Malaysian Re

April 2 2025

Malaysian government is exploring social health insurance, and partnerships with private providers, to manage rising costs.

insurance-industry-criticises-budget-for-overlooking-flood-resilience-measures

Budget missing 'much needed' disaster resilience measures: Insurance Council of Australia

March 28 2025

ICA says lack of new flood mitigation funding, failure to remove insurance taxes could worsen premium pressures.

lawmakers-question-prudential-malaysias-medical-insurance-hike-despite-bnm-cap

Prudential reaffirms commitment to BNM cap after lawmakers question medical insurance hike

March 27 2025

Prudential Assurance Malaysia says reported figures were drawn from letters explaining average medical inflation rates.

malaysian-mp-urges-bank-negara-malaysia-to-investigate-health-insurance-premium-hikes

Malaysia's life and takaful insurers’ profits halve as medical claims soar

March 26 2025

Escalating medical costs and increased claims will put further pressure on underwriting income.

Australia’s General Insurance Code of Practice review panel urges stronger action from ICA

March 19 2025

Panel welcomes ICA's Action plan but says that more decisive action can be taken to improve consumer outcomes.

banks-face-potential-a200-million-risk-from-underinsured-mortgages-says-sampp

Australian banks face potential A$200m risk from underinsured mortgages, says S&P

February 25 2025

Banks’ inability to monitor homeowners’ insurance coverage creates hidden risks for regional lenders, says S&P.

Australia's opposition leader threatens break up of insurers

February 17 2025

Peter Dutton suggests government could intervene to "make sure that consumers get a fair go."

apra-warns-of-financial-pressures-from-rising-healthcare-costs

APRA warns of financial pressures on health insurers from rising costs

February 4 2025

Board Member Suzanne Smith is urging insurers to bolster governance and resilience amid rising costs.

Malaysia reviews medical insurance premium hikes

December 10 2024

Government says it is conducting a collaborative review and will target high medical costs and monopolies in the healthcare sector.

Australian Senate calls for government to monitor insurance premiums

November 28 2024

Senate Select Committee makes eight recommendations to improve resilience to climate change and improve insurance affordability in Australia.

ICA calls for QLD stamp duty reform to help reduce insurance premiums

September 26 2024

Currently, residents of Queensland are paying dual tax on insurance policies and next state government should eliminate stamp duty, says Insurance Council of Australia.

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