Macro

APRA calls for innovation and collaboration in the life insurance industry

May 1 2024

Speaking at the 2024 All Actuaries Summit on the Gold Coast, Suzanne Smith called for innovative products that serve Australia's changing demographics.

chinese-life-insurers-revised-economic-assumptions-support-policyholder-expectations-but-lowers-nbv

Chinese life insurers' new economic assumptions strengthen long-term risk management, despite lower NBV: Fitch

April 30 2024

Recalibration to align with low interest rate environment will help align policyholders expectation and boost investor confidence.

RBNZ warns insurance affordability and capacity are under threat in nat cat prone areas

April 30 2024

Industry making 'rational' move to risk-based pricing, but collective action needed to help maintain accessibility for for those most vulnerable.

victorian-government-pressed-to-provide-insurance-relief-for-live-music-venues

Victorian Greens urge state government support for live music venue insurance crisis

April 19 2024

Greens urge government intervention to help combat soaring costs, which threaten Melbourne's live music scene.

Independent panel seeks public consultation on Australia's GI Code of Practice

April 18 2024

Panel inviting feedback from public and industry stakeholders on four key areas, including customer vulnerability.

munich-re-advocates-for-government-support-amid-escalating-cyber-risks

Munich Re advocates for government support amid growing cyber risks

April 11 2024

Global reinsurer expects insurance GWP to double by 2027, but warns more needs to be done for the potential of catastrophic, systemic events.

Chinese tanker struck by Houthi missiles despite promises of safe passage

March 25 2024

Discounted war risk premiums for Chinese and Russian ships face scrutiny following missile attack on Huang Pu.

JAVLN survey identifies insurance affordability as top challenge for Australian brokers in 2024

March 21 2024

70% of brokers also report spending over three hours a day on admin.

APRA executive urges transparency, trust, and collective action to address insurance affordability

March 18 2024

Sean Carmody acknowledged that reducing Australia's protection gap is a 'wicked problem', but he encouraged insurers to take ownership and find opportunities to make a difference.