Australia

Fitch forecasts gradual moderation in Helia's performance amid rising delinquency rates

March 21 2025

The rating agency affirmed the mortgage insurer's financial strength rating at 'A'.

insurance-claims-following-ex-tropical-cyclone-alfred-exceed-74k

Insurance claims from ex-tropical Cyclone Alfred rise to 74,000

March 20 2025

The number of claims has risen by over 10,000 since Monday.

cyclone-alfred-not-as-severe-as-it-might-have-been-say-industry-experts-but-lessons-remain

Cyclone Alfred not as severe as it might have been, but lessons remain

March 20 2025

Industry experts weigh-in on the impact of Alfred.

Aon names Kevan Johnston as CEO of Australia

March 20 2025

Johnston elevated from position as Head of Global and Corporate for Australia.

motor-vehicle-theft-claims-surge-in-queensland-victoria

Insurance Council of Australia warns that motor thefts are putting upward pressure on premiums

March 20 2025

ICA warns rising vehicle values and repair costs are driving insurance premiums higher, with theft trends adding further pressure.

Australia’s General Insurance Code of Practice review panel urges stronger action from ICA

March 19 2025

Panel welcomes ICA's Action plan but says that more decisive action can be taken to improve consumer outcomes.

insured-losses-from-ex-tropical-cyclone-alfred-estimated-at-up-to-a2-5bn

JBA estimates insurance losses from ex-Tropical Cyclone Alfred at between A$1.5bn and A$2.5bn

March 19 2025

The storm displaced thousands, left 330,000 properties without power, and prompted over 20,300 evacuations in northern New South Wales.

ica-releases-industry-action-plan-addressing-flood-inquiry-code-review

ICA releases insurance industry action plan addressing flood inquiry, code review

March 18 2025

Plan focuses on improving customer outcomes, supporting vulnerable policyholders, updating policies to prevent financial abuse, and enhancing claims handling.

Suncorp pledges A$500K for Cyclone Alfred recovery efforts

March 17 2025

Suncorp is also continuing its support in North and Far North QLD following flooding in February.

BHSI names Megan Howe as Head of Claims for Australasia

March 17 2025

Howe has been with the business since 2015.

singapore-ranks-fourth-globally-in-cyber-resilience-fm

Singapore ranks fourth globally for cyber in resilience index

March 17 2025

FM's risk assessment of 130 countries also shows Singapore ranks third for climate risk quality.

ica-opens-eoi-process-to-support-post-tc-alfred-recovery-efforts

Cyclone Alfred claims exceed 50k; ICA opens up EOI to support recovery efforts

March 14 2025

ICA is working with authorities to expedite interstate and trans-Tasman worker qualifications to help in recovery efforts.

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