Australia
AMA proposes health savings scheme for millennials
AMA proposes health savings scheme for millennials
This is to encourage them to obtain and retain their private health insurance.
Australia classifies insurers as emergency responders
The Insurance Council of Australia welcomed the updated protocol for insurers.
Australia’s 2022 nat cat claim to reach whopping $770m: IAG
Extreme weather events have raised IAG’s expectation for natural perils claim costs.
Federal court rules in favor of Australian insures in COVID-19 BI cases
The insurers avoided coughing up an estimated A$10b in payouts.
Australian insurers ready for regulatory reform: ICA
Insurers made ‘sweeping changes’ for the upcoming reforms, it said.
Australia’s Business Advisory Council to improve affordability of insurance
The council was formed by the Insurance Council of Australia.
Zurich mulls selling Australian general insurance assets: report
This is part of the group’s plans to streamline its assets.
Australia’s CBA pleads guilty for mis-selling insurance products
CBA issued an apology to affected customers.
ICA calls for national approach for disaster response
Australia’s insurance group wants a COVID-safe way to move personnel across the border.
Westpac completes sale of lenders mortgage insurance arm
The business was sold to Bermuda-based Arch Capital Group Ltd.
Lockdowns lifts Australian health insurer profits
And lowered claims costs for health insurers.
ICA warns new cybersecurity rules could raise premiums
Australian insurers urged the government to approach these amendments with caution.
Dai-ichi cements position as Australia’s top insurer with Westpac acquisition
With Westpac Banking Corp's exit from life Insurance, Dai-ichi is now the top dog.
Westpac Life Insurance performance unaffected by change of ownership: analyst
The insurer's performance continues to be driven by its stand-alone credit profile.
Westpac sells insurance arm Japan’s Dai-ichi Life for A$900m
This marks the Australian firm’s exit from the life insurance sector.
nib launches newest digital solution for prescription claims
Members can now have a process on-the-spot, paperless claims of their prescriptions.
Can Australian insurers weather another economic collapse?
The Australian Prudential Regulation Authority found out the answer.
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