Australia

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Law firm probes class action over alleged pricing misconduct claims against Suncorp

August 29 2025

Initial findings allege Suncorp created a "loyalty tax" that charged long-term customers more than new ones without their knowledge.

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APAC motor premiums soar in Q1 but rising claims pressure margins

August 27 2025

Claims inflation weighs on APAC's motor insurers, eroding margins in key markets despite double-digit growth in the Philippines, Vietnam, and India.

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AUB Group posts 17% profit rise as organic growth, bolt-on deals drive performance

August 26 2025

The Australian insurance broker delivered A$200.2m in underlying net profit for FY25, with strong performance across all divisions driving confidence for further growth.

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Insurance Council of Australia warns expanded Home Guarantee Scheme will drive up prices, harm low-income buyers

August 26 2025

Modelling shows the expanded Home Guarantee Scheme will fuel demand and drive up prices, leaving many first-home buyers worse off despite limited gains in ownership.

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Australia’s commercial property rates fall fastest globally in first half of 2025

August 26 2025

Marsh attributes rate declines to lower nat cat losses, increased insurer capacity, and greater competition.

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CSIRO, ICA stress importance of governance framework, guardrails in AI adoption for Australia's insurance sector

August 26 2025

New CSIRO-ICA report outlines AI applications for rising premiums and climate risks, but warns transformation requires consumer protection safeguards.

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APRA targets easing reinsurance costs, easing of regulatory burden in 2025-26 plan

August 22 2025

Australia's prudential regulator has outlined measures to address rising reinsurance costs and reduce regulatory compliance burdens for insurers as part of its latest corporate strategy.