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Australia
Number of insurance affordability-stressed households rises 30%: Australia's Actuaries Institute
August 27 2024
New report warns that the issue of affordability is bigger than insurance and could be a problem for lenders, regulators, and governments.
Patrick Carter joins Sedgwick Australia’s liability team
August 26 2024
Carter brings over 15 years of industry experience to new role.
HDI Australia appoints Ehtesham Mofiz as Risk Engineer
August 26 2024
Mofiz moves from COPE Risk Consulting to bolster HDI Global's risk engineering team.
Consumer watchdog calls for ‘equitable contributions’ in Australia's Cyclone Reinsurance Pool
August 23 2024
ACIL has asked the Joint Select Committee to ensure residents of Northern Australia are considered during the review of the ARPC's premium rates.
HDI Global Australia appoints Adele Halfpenny as Senior Liability Underwriter
August 23 2024
Halfpenny joins from Berkley Insurance where she was serving as Underwriter for general liability and financial lines.
Australian insurers look to private debt as risk appetite returns
August 23 2024
Australian insurers are looking to revamp their strategic asset allocation in 2024 as recessions fears abate.
ASIC targets insurance misconduct as complaints soar and climate risks intensify
August 23 2024
The watchdog names insurance misconduct as a priority for the year ahead.
RACQ sale process stalls again amid a lack of buyer interest: Report
August 22 2024
Bank of America reportedly pauses sale of Australian insurer, with Allianz and other potential buyers withdrawing interest.
APRA finalises Defined Terms prudential standard
August 22 2024
CPS 001 merges five existing standards and introduces new definitions to provide clearer regulatory guidance for Australian insurers.
IAG reports 79% jump in full-year insurance profit
August 21 2024
Increase to AU$1.44bn (US$970bn) driven by 11.3% rise in GWP, with motor and home insurance seeing strong growth.
APRA’s 2024 Life Insurance CEO Roundtable highlights challenges in longevity solutions
August 21 2024
Participants in the roundtable discussed challenges presented by low demand and by the varied the needs of retirees.
Steven Holmes moves from Zurich to HDI Global Australia as Senior Property Underwriter
August 21 2024
Holmes joins HDI following 12 years with Zurich.
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