Reinsurers compete aggressively for APAC business as record capital levels and benign loss experience drive double-digit rate reductions across the region.
The CGC sanctioned two insurers with A$130,000 Community Benefit Payment during the year, including AIG Australia Ltd (AIGAL), for systemic failures in claims and complaints handling, which affected hundreds...
Industry-wide insurance service results jumped 27% YoY, supported by claims stabilisation and fast premium growth across cyber, mortgage, marine, aviation, and consumer credit.
