Australia

racq-apologises-to-members-over-mishaps-in-insurance-renewal-notices

IAG completes RACQ Insurance acquisition in A$855m deal

September 1 2025

The deal sees IAG acquire a 90% stake in RACQ, while securing an exclusive underwriting and distribution agreement for 25 years.

arpc-targets-improved-efficiency-in-cyclone-terrorism-pools-in-2025-2029-plan

ARPC targets premium affordability in new 2025-2029 plan

September 1 2025

Efficiency around premium collection and claims payments are also among top priorities for cyclone and terrorism pools.

indias-star-health-takes-legal-action-against-telegram-over-data-leak-report

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.

q1-2025-apac-motor-insurance-splits-between-rapid-growth-and-rising-strain

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.

australias-aub-group-expands-uk-footprint-with-80-stake-in-movo-group

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.

ica-warns-expanded-home-guarantee-scheme-will-drive-up-prices-harm-low-income-buyers

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.

australias-property-insurance-lead-softening-premium-rates-in-1h25-marsh

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.

csiro-ica-stress-governance-framework-guardrails-in-ai-adoption-for-australias-insurance-sector

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.

apra-targets-reinsurance-costs-and-regulatory-burden-in-2025-26-plan

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.

australian-consumer-group-urges-govt-to-add-flood-risk-in-cyclone-reinsurance-pool-review

Australian consumer lobby urges government to add flood cover to Cyclone Reinsurance Pool

August 21 2025

ACIL’s call follows Brisbane City Council’s update to its flood map, which has seen thousands of properties reclassified as higher risk.

ASIC presses life insurers to lift standards in direct sales practices

August 19 2025

The regulator has highlighted ongoing concerns around cancellations, sales incentives, and complaint handling in the sector.

australian-new-zealand-cyber-insurers-tighten-requirements-amid-rising-global-rates

Australia, New Zealand cyber insurers tighten requirements

August 19 2025

Insurers in Australia and New Zealand list more cybersecurity prerequisites for coverage than the global average, a new report shows.

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