The lack of progress by superannuation funds in tracking the success of their retirement income strategies, an area specifically called out in APRA and ASIC 2023 thematic review report, is most concerning, APRA deputy chair Margaret Cole has said.
Insurance Council of Australia (ICA) and Planning Institute of Australia (PIA) have together called on local, state and federal governments to reduce vulnerability to natural hazards and to make progress on much needed reforms against a backdrop of growing housing challenges.
As inflation and recession concerns recede, there is a noticeable increase in risk tolerance and confidence among Australian insurers, according to the "2024 Australian Insurance Report" by London-headquartered Janus Henderson Investors.
Retirement confidence can be boosted through simple daily habits such as planning and goal setting, saving money and paying off bills, according to new research conducted by AustralianSuper, the country's biggest superannuation fund.
More than two-thirds of Australian workers are concerned that cost of living pressures will impact their ability to afford life insurance in the future, according to a new report.
QBE Insurance Group has reported a net profit after income tax of $802m for the half year ended 30 June 2024, compared with $400m for the prior period.
According to Insurtech Australia CEO Simone Dossetor, AI is being explored within the insurance sector, "but with different levels of maturity".
BMS Australia has appointed Ms Dianne Riopelle as client manager and Mr Toby Lucas as client executive. Both appointments are to the energy team.
Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies in Australia, according to the Allianz Risk Barometer 2024, the 13th edition to date. Cyber risk dislodges natural catastrophe risks as the topmost risk in the country.
Markel has appointed Ms Alvernia Xu as head of operations - APAC; Ms Anna Tan as senior underwriter, fine art and specie; Ms Isabelle Wong as cargo underwriter; Ms Jenny Choi as senior underwriter, casualty and Ms Olga Wong as senior underwriter, professional financial risk.