Australia

Chubb Australia to recover gradually after 2022 investment losses

Its reputation is expected to remain strong, S&P Global Ratings said.

Australians skip pet insurance amidst cost hikes

Yet, a quarter of Australians have spent up to $3,250 out of pocket vet care.

Zurich Australia becomes preferred insurer of Tesla

The CEO said there has been an uptick in EV demand.

Allianz Partners Expands SIA Insurance Offer in Australia

Passengers can purchase insurance during the booking process.

ZAIL's outlook stable, reflects parent Zurich Insurance's status

ZAIL’s capital adequacy remains strong at the 99.99% stress level.

QBE's conservative investments support stability

Its net/net combined ratio improved to 91.2% for 2023.

Agile appoints new compliance chief in Sydney

He has over two decades of experience in the insurance sector.

Australia's insurance market bolstered by strong regulation

Fitch finds Australia’s insurance market technically sophisticated.

Australia’s mortgage insurance sector developed, transparent: Fitch Ratings

Sector faces growing challenges due to the gov’t’s first-home buyer deposit scheme.

QBE sharpens focus on claims support in Australia

Key initiatives include addressing delays, communication, and risk management. 

1 in 5 Australians switch home insurance to save costs

Alarmingly, 3% downgraded or dropped their policy completely.

Steadfast Group bags 17th spot in AM Best’s list

The broker was first of three newcomers in the ranking.

Australia outlines financial advice and insurance cost recover

Investigated unlicensed activity costs are fairly recovered from relevant sub-sectors.

ICA urges Aussies to pack travel insurance amidst rising alcohol incidents

About 87% of Australians took out travel insurance on their last trip in the past year.

Australians to gain more life insurance advice options

Over a quarter of Australians thought about getting advice, but have not acted upon it.