Australia
ICA unveils roadmap to temper skills and talent shortage in insurance sector
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.
IAG’s net profit rises 7.9% in FY 2024
It ended with a final dividend of 17.0 Australian cents per share for the year.
Australia’s annual weather-related insurance costs more than double
Insured losses increased to 0.7% of the GDP.
Suncorp’s full-year earnings climb 12% YoY
Its general insurance segment’s GWP increased by 14%.
Suncorp pivots to pure-play P&C insurance after divestments
Its FY 2024 P&C segment bagged $800m in net earnings.
AU, NZ insurance pricing flat in Q2
New Zealand’s property insurance pricing slightly rose due to natural catastrophes.
Over 3 million Australians lack adequate insurance coverage
Nearly 90% believe it is crucial to access financial support through their life.
PSC Insurance Brokers acquires Eastern Prudential
Eastern Prudential will move to the Sydney branch.
Hollard Australia’s capital remains solid until 2026
It will also benefit from its acquisition of Commonwealth Insurance.
Australian pension funds turn to catastrophe bonds for higher returns
Australia’s pensions industry brings over A$2b inflows weekly.
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