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Emerging risks | Growth Opportunities | APAC Insurance

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Monday, September 21, 2026

Australia

over-44600-storm-related-claims-lodged-as-cat-255-declaration-expanded-across-qld-nsw
45,000 claims received following QLD, NSW severe storm and hail, as ICA expands event declaration
November 28 2025
Insurers increase on-the-ground deployment as damage assessments continue and more regions seek support.
suncorp-signs-five-year-microsoft-partnership-to-advance-ai-use
November storms push Suncorp FY26 natural hazard bill up to A$1.275bn
November 28 2025
November events added up to A$510m (US$332m) in estimated losses, with nat cat events depleting two-thirds of insurer's natural hazard allowance less than five months into the year.
australia-moves-to-ban-use-of-adverse-genetic-test-results-in-life-insurance-underwriting
Australia introduces bill to ban use of adverse genetic test results in life insurance underwriting
November 27 2025
The Council of Australian Life Insurers has welcomed the bill, saying it will help to support better health outcomes.
chris-mackinnon-named-to-lead-munich-re-specialtys-australia-market-push
Chris Mackinnon named to lead Munich Re Specialty’s Australia market push
November 27 2025
Mackinnon is set to join the business in H1 2026, pending regulatory approval, following his tenure as Lloyd’s Regional Director for APAC, Middle East, and Africa.
queensland-hailstorm-claims-climb-past-27800-insurers-brace-for-more
Queensland hailstorm claims climb past 27,800, insurers brace for more
November 26 2025
The volume of insurance claims has surged sharply, rising from 16,000 recorded on 25 November.
australias-cbus-fined-a23-5m-for-systemic-failings-in-death-and-disability-claims-handling
Cbus fined A$23.5m for systemic delays in death and TPD insurance claims
November 25 2025
Australia's Federal Court found that thousands of Cbus members faced lengthy delays in receiving death and disability benefits, with some claims remaining unresolved for over a year.
ica-declares-insurance-catastrophe-for-south-east-queensland-hailstorms
ICA declares insurance catastrophe after severe hailstorms hit South East Queensland
November 25 2025
The event has already generated over 16,000 claims across over 140 postcodes.
accc-delays-decision-on-iags-proposed-rac-underwriting-takeover
ACCC postpones decision on A$1.35bn RAC-IAG deal
November 25 2025
The watchdog, which had raised concerns about reduced competition, has delayed its decision until at least 11 December.
ica-shift-technology-exl-collaborate-on-ai-driven-fraud-detection-platform
ICA to partner with Shift Technology, EXL on industry fraud detection platform
November 24 2025
The new platform will enable Australian insurers to share data and detect fraudulent claims in real time, with an initial focus on motor insurance.
Cyclone Fina lashes Darwin causing outages and disruptions but damage anticipated to be moderate
Cyclone Fina lashes Darwin causing outages and disruptions, but damage anticipated to be moderate
November 23 2025
Darwin’s strongest cyclone since Tracy in 1974 left thousands without power but caused limited damage, and is now on course for Western Australia.
Tropical Cyclone Fina
Cyclone Fina intensifies to Category 2 as Darwin braces for impact
November 21 2025
BOM warns that Cyclone Fina may strengthen further as it nears Australia's northern coast.
nsw-government-introduces-legislation-to-ban-claims-farming-in-ctp-motor-insurance
NSW Government introduces legislation to ban 'claims farming' in CTP motor insurance
November 21 2025
The bill aims to address high-pressure tactics that involve targeting accident victims and selling their personal data.
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