Australia

ICA urges e-motor users to have coverage

E-motors catching fire has been too frequent due to inadequate care by owners, says the ICA.

Insurers ready to tackle Cyclone Jasper – ICA

The community in the cyclone warning region is advised to monitor weather conditions and follow guidance from emergency services.

Australians urged to secure right insurance when renting out homes for summer – ICA

Holiday rental insurance is specifically tailored for properties rented out briefly.

ICA praises federal overhaul for personalised financial advice boost

The old regulatory framework entailed limited access to financial advice, especially for low- and middle-income Australians.

One in six Australians are not covered when travelling – ICA

The ICA CEO expressed that travel insurance is as important as passports.

APRA urges collaboration for sustainable super life insurance

A survey was conducted to assess how the life insurance and superannuation industries are responding to the issue of sustainability.

POP Group Holdings unveils new managing partner of operations

She will oversee operations across POP’s key operating entities.

Genetic testing for life insurance to be reviewed: Australian treasury

Despite the possibility that insurers may require genetic test results, policyholders may file reports on discrimination.

Suncorp’s profits at risk, natural hazard costs and reinsurance expenses soar: Fitch Ratings

A modest decline in Suncorp's underwriting profitability is seen over the next 12 to 24 months.

$30m co-funding will meet tepid demand for financial counsellors – ICA

This should grant 9,000 more Australians access to financial counselling.

ICA commends New South Wales Gov’t for ESL reform

The abolition of the ESL on insurance is expected to result in a 15% lower average cost for home cover and around 23% lower for business cover.

Howden buys majority stake in HQ Insurance

This comes after its recent acquisition of Tyser’s bloodstock broking business.

2020 General Insurance Code of Practice to be reviewed – ICA

The first phase will address general topics not directly related to the 2022 floods.

Elevated catastrophe costs put pressure on QBE’s earnings: Fitch Ratings

The recently completed transaction reinsured $1.9b of long-tail reserves reduced risk volatility. 

Australian lawyers call for e-scooter safety and insurance refinement

The ALA advocates for a comprehensive review of insurance and regulation for e-scooters to establish a system ensuring all riders.

Zurich, Mandala partner to unveil first climate risk index for power sector

The index is a comprehensive quantitative climate assessment for the entire energy generation sector.