Insurance Council of Australia's roadmap aims to address insurance industry talent shortages, an ageing workforce, the need for diversity, and the climate impact on workers in the sector.
Deal, first announced in June, includes cover for Product & Public Liability, Compulsory Third-Party Motor, Professional Risks, and Workers’ Compensation portfolio.
Four year plan outlines Australian Reinsurance Pool Corporation's approach to enhancing pool effectiveness and affordability amid a challenging nat cat and threat landscape.
Sector has experienced its most significant market shift since 2017, marked by increased insurer choice and improved conditions for buyers, broker said.
Australia’s prudential supervisor is set to reduce its frontline divisions from three to two, aiming to streamline the monitoring in the insurance sector.
In its 2024-2025 corporate plan, the regulator emphasises the need for collaboration to improve affordability and strengthen the insurance industry’s resilience.
Australia's Code Governance Committee report says it reveals "a landscape where external experts provide opinion outside the scope of their expertise, potentially leading to poor claims decisions, disputes...
