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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, September 19, 2026

Australia

A photo of someone calculating the value of something using a calculator.
Australia's Victorian Government to abolish business insurance duty
May 24 2023
Business insurance duty in VIC is currently 10% and will be lowered by 1 percentage point each year starting from July 1st 2024.
A sketch of a court room. AMP logo in top left corner.
AMP penalised AU$24 million for charging deceased customers
May 19 2023
Two AMP companies received over AU$1,000,000 from 2,000 deceased customers, despite having been informed of the customers' deaths.
A sketch of a court room. MLC logo in top left corner.
MLC hit with AU$10 million penalty - ASIC promises to take similar action against insurers who don't act in good faith
May 19 2023
Australia's Federal Court found MLC contravened the ASIC Act, the Corporations Act, and the Insurance Contracts Act.
A photo of an airplane with data coming out of it. battleface logo in top left corner.
Modular, API-driven travel insurance platform, battleface, lands in Australia
May 17 2023
The company has a presence in 185 countries worldwide and is launching in Australia in partnership with MGA Mustard Underwriting.
A photo of a boardroom. Insurance Council of Australia logo in top left corner.
Zurich and Auto & General CEO's join Insurance Council of Australia board
May 17 2023
ICA announced the additions of the two non-executive members at its 43rd AGM.
axa-xl-continue-to-strengthen-apac-cyber-offering-with-3-new-australian-hires
AXA XL continue to strengthen APAC cyber offering with 3 Australian hires
May 16 2023
The (re)insurer added a total of ten underwriters, three in Australia and seven in Europe, demonstrating their conviction for further opportunities within cyber.
A photo of a small paint bucket being poured into a larger paint bucket. Gallgher logo in top left corner.
Gallagher adds Western Australian broker Mavco to their mix
May 16 2023
The Oz broker has expertise in construction, health, engineering, mining, and financial services.
A photo of Sunrise in Australian outback. logo in top left corner.
Australian Government to establish new Net Zero Authority
May 12 2023
While the insurance implications are far from known, the timing coincides with recent global upheaval of the Global Net-Zero Insurance Alliance.
A sketch of people in a courtroom.
ASIC launches legal action against HCF Life over alleged unfair and misleading terms
May 12 2023
The expansion of unfair contract term protections was part of a recommendation by Australia's 2017 Financial Services Royal Commission.
A photo of car diagnosis application. Firemark ventures logo in top left corner.
IAG's Firemark Ventures invests in deep-learning vehicle inspection specialist Ravin AI
May 11 2023
The investment will allow IAG to explore potential benefits of the solution across IAG's brands.
A photo of two motor vehicles in an accident.
Independent review of Australia's motor repair code of conduct: Dr Schaper recommends removal of those who do not comply
May 11 2023
Dr Shaper made 15 recommendations to update the MVIRI code, in line with current technology and regulatory changes.
A photo of Flooding in Queensland. Insurance Council of Australia logo in top left corner.
Insurance Council of Australia welcomes Labour Government's budget, but pushes for more to be done
May 10 2023
The ICA had previously recommended extending the Disaster Ready Fund to ten years, but the proposal has yet to be adopted.
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