'Wysa Assure' offers mental health support for insureds while providing insights to insurers, with MLC Life in Australia the first to roll out the app.
The Australian regulator initiated civil proceedings against IAL and IMA for allegedly misleading customers about loyalty discounts on home insurance policies.
The ICA said insurers are undertaking improvements to ensure profitable and sustainable products for Australians, despite challenges from Nat Cats and inflation.
Gallagher continues its Oz expansion with the acquisition of Darwin-based Insurance Risk Solutions, who specialise in transport, agri, pastoral, and horticultural insurance.
Data from APRA show costs for public liability and professional indemnity premiums are skyrocketing, however a change in accounting methods could be a factor.
