Australia

Federal Court rules on IAG business interruption class action

The court expressed its intent to declass the representative proceeding.
6 days ago

Federal Court rules on IAG business interruption class action

The court expressed its intent to declass the representative proceeding.
6 days ago

Why Australians are at risk of scams due to informal retirement advice

Older Australians were more likely to seek advice from formal sources.
6 days ago

Zurich Australia launches income protection for women’s health

It will cover conditions such as menopause and endometriosis.

Cyclone pool cuts home insurance premiums by 10% in Australia

Insurance availability increased by 6% for average houses.

ICA appoints Suncorp CEO as new chair

He succeeds Nick Hawkins, who has held the role for two years.

CALI supports ban on genetic data in insurance

The 5-year review will allow the law to adapt to genetic testing.

Zurich Financial Services, Mandala unveil first climate risk index for tourism

Half of Australia’s tourism assets are classified in an elevated risk category.

Zurich partners with Tesla in Australia as it rides EV trend

The Swiss insurer is simplifying coverage to help cut the cost of buying an electric car.

Zurich Resilience Solutions Appoints former CSIS officer to cyber role

The role was recently created to boost the companies’ risk services.

ICA unveils roadmap to temper skills and talent shortage in insurance sector

Nine in 10 insurance employers struggled to find skilled staff last year.

Zurich Financial hires UK executive as ANZ risk chief

The CRO will succeed Jaimie Sach, who is retiring after three decades in the industry.

APRA sets four-year plan for financial sector stability

APRA will collaborate to address the protection gap in household insurance.

Australia’s top five insurers contribute 33% of insurance, pension market

Rising B2B costs pushed overall industry costs up by 2.5%.

Home insurance affordability worsens across Australia

Affordability stress has surged by 30% over the past year.

Increased insurance premiums impact retirement budgets: ASFA

Couples around the age of 65 require $49,290 annually for retirement.

Australian CEOs identify longevity insurance barriers

The meeting brought together 21 life insurers in the country.

Australia’s insurance Industry expands in January to March

Both the life and general insurance segment witnessed surges in profit.