The Actuaries Institute has warned of significant underinvestment by the Canberra government in climate adaptation. It calls for a coordinated national strategy to help mobilise tens of billions of dollars into measures that will protect communities and businesses.
Allianz SE, Reinsurance (Allianz Re) has appointed Ms Anna Kohls as Regional CEO and Head of P&C Client Management of its reinsurance branch in Singapore, effective 1 January 2026 and subject to regulatory approval.
Global specialist asset manager, Aberdeen Investments, announced the appointments of Mr Alan Koey and Ms Echo Yang as Senior Solutions Directors to its Strategic Insurance Group in APAC.
Global investment companies EQT AB and CVC Asia Pacific Ltd have ended discussions with AUB Group regarding a potential takeover of the listed Australian insurance broker. The proposed deal valued AUB at approximately A$5.2bn ($3.4bn).
Australian health insurers paid out a record A$9.4bn ($6.16bn) in 'high claims' for hospital treatment exceeding A$10,000 ($6,533) in 2024, according to a new analysis of health fund data by Private Healthcare Australia (PHA).
The Australian government has introduced legislation banning the use of adverse genetic-test results in life insurance underwriting. The measure will apply to life insurance contract decisions made on or after the date of commencement.
Podium Underwriting has been launched as a specialist MGA, operating as an appointed representative of Superian Insurance Group.
The Australian Securities and Investments Commission (ASIC) has ordered United Super, the trustee of the Construction and Building Unions Superannuation Fund (Cbus), to pay a penalty of A$23.5m ($15.3m) for unreasonable delays experienced by thousands of members and claimants arising from serious failures to handle insurance claims in a timely manner.
The Insurance Council of Australia (ICA), has announced a new collaboration to build a national data analytics fraud detection and investigations platform for the Australian insurance industry.
The New South Wales state government in Australia has proposed to outlaw the deceptive practice of insurance claims farming. It introduced earlier this month a new legislation in the state parliament with an aim to outlaw this practice for compulsory third party (CTP) claims.