Affordability

ICA says new Insurance Code of Practice will be legally binding, consumer-centric

May 30 2025

ICA CEO Andrew Hall calls the code overhaul a “once-in-a-generation” chance to address consumer needs and disaster response.

Geneva Association urges major resilience reforms to keep home insurance afloat in markets like China and Australia

May 21 2025

Association is calling for urgent resilience investments and structural reforms to prevent home insurance markets collapsing under the weight of climate-driven losses.

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."

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