Australia
Allianz Australia's capital adequacy to remain strong
Allianz Australia's capital adequacy to remain strong
Thanks to removal of certain non-life liability adjustments, deferred acquisition cost deductions.
Australian insurers urged to adopt nature-positive practices
In December 2022, over 180 countries adopted the Global Biodiversity Framework.
Ardonagh merges PSC’s ANZ operations with Envest
This makes it one of the top privately owned insurance distribution companies in Australia.
Insurance cover rises, yet a quarter of Australians still unprepared
More than one-third of respondents had a storm action plan in place.
IAG slashes jobs after reporting high profits
IAG said the job cuts are part of a restructuring plan that began in March.
Car insurance premiums rise 16% in Australia
The average car insurance premium across the country is now $1,717.
Australia's general insurance premiums rise 5.7% in H1 2024
The number of intermediaries inched down 1.4%.
PSC shareholders vote for Ardonagh merger
The transaction is expected to close around 11 October.
Federal Court rules on IAG business interruption class action
The court expressed its intent to declass the representative proceeding.
Why Australians are at risk of scams due to informal retirement advice
Older Australians were more likely to seek advice from formal sources.
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.
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Industry experts push for the rapid progress of unified customer data as a starting point.
