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Emerging risks | Growth Opportunities | APAC Insurance

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Sunday, September 6, 2026

Australian Securities and Investments Commission

Suncorp, IAG and QBE ramp up AI investments amid regulators’ risk warnings
Suncorp, IAG and QBE ramp up AI investments amid regulators’ risk warnings
September 4 2026
Australia’s largest general insurers are scaling AI across their businesses as APRA and ASIC urge stronger governance.
ASIC warns insurers against ‘short-changing’ homeowners through cash settlements
ASIC warns insurers against ‘short-changing’ homeowners through cash settlements
August 31 2026
The regulator found that cash settlements were often set by a single quote, potentially leaving homeowners to fund the gap if repairs cost more.
ICA ‘carefully considering’ stakeholder feedback on General Insurance Code review
ICA ‘carefully considering’ stakeholder feedback on General Insurance Code review
August 31 2026
The council says it is weighing changes that deliver benefits without unintended consequences for consumer outcomes, pricing and market competition.
Sydney Opera House and Harbour Bridge in Australia with tourists and seagulls.
Australia's redrafted general insurance code risks ASIC rejection, code committee warns
August 5 2026
The General Insurance Code Governance Committee said the proposed code would curb its powers to investigate and weaken protections for consumers.
asic-targets-insurance-misconduct-as-complaints-soar-and-climate-risks-intensify
ASIC cancels CAIP Services broker's licence over inactivity
July 13 2026
The former general and life risk insurance adviser held its licence for 13 years before ASIC found it had stopped trading and struck it off.
asic-sues-auto-general-over-budget-direct-discount-removals
ASIC sues Auto & General over alleged Budget Direct discount breaches
February 27 2026
ASIC claims 39,000 customers lost discounts without warning after changing policy details.
racq-apologises-to-members-over-mishaps-in-insurance-renewal-notices
RACQ apologises to members over mishaps in insurance renewal notices
October 22 2025
On 23 September, ASIC launched proceedings against RACQ regarding more than 570,000 misleading insurance renewal notices.
asic-chair-joe-longo-confirms-departure-at-end-of-term
ASIC takes RACQ to court over 570,000 misleading insurance renewal notices
September 23 2025
Australia's corporate regulator alleges the Queensland insurer misled customers about premium increases for over five years.
asic-targets-insurance-misconduct-as-complaints-soar-and-climate-risks-intensify
ASIC takes Hollard Insurance to court over property-related claims handling
April 11 2025
The regulator alleges insurer failed to act in utmost good faith by repeatedly delaying assessment and settlement of a claim filed after storm damage in 2021.
asic-names-insurance-claims-a-key-enforcement-priority-for-2024
Insurance claims named as key 2024 enforcement priority by Australian regulator
November 21 2023
ASIC Deputy Chair Sarah Court names insurance claims as 2024 enforcement priority, reflecting intentions signposted in the regulator's 22-23 annual report.
asic-report-reveals-significant-concerns-around-third-party-cyber-risks
Australia: ASIC report reveals significant concerns around third-party cyber risks
November 13 2023
A 2023 survey conducted by ASIC reveals considerable cyber security weaknesses in Australian businesses, prompting a rally call from the regulator for improved cyber practices.
asics-2022-23-report-spotlights-enforcement-priorities-in-australian-insurance-sector
ASIC's 2022-23 annual report spotlights insurance enforcement priorities in Australia
October 13 2023
The report highlights that unfair contract terms and pricing practices were enforcement priorities last financial year, while offering insight into potential priorities for the years ahead.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.