Around one third (31%) of Australians have experienced wild weather damage to their property or vehicle since 2021, according to new research published by NRMA Insurance Company.
The Australian Prudential Regulation Authority (APRA) has urged a lasting shift in how banks, insurers, and superannuation trustees manage AI-related risks amid its ongoing evolution.
A potential risk facing Australia is the reoccurrence of El Nino in August, which has an 80% probability of taking place.
Agrifood, an important sector highly dependent on diesel used for planting, harvesting, processing and transportation, will be severely impacted if the conflict lasts any longer due to higher oil and fertiliser prices.
Descartes Underwriting, a provider of parametric (re)insurance solutions for climate, cyber and emerging risks, has appointed Mr Jean Hermelin as Chief Strategy Officer. He will also join the Executive Committee.
Willis, a WTW business, has appointed Mr Scott Kirkwood as Head of Natural Resources, Pacific. In his new role, he will be responsible for strengthening the Pacific natural resources business by aligning closely with Willis' global expertise, leveraging insights and experience from around the world.
The Insurance Council of Australia (ICA) has urged the federal parliamentary inquiry into local government funding and fiscal sustainability to increase support for local councils to strengthen flood defences amid more frequent extreme weather events.
The Hon Dr Daniel Mulino MP, Assistant Treasurer and Minister for Financial Services, has appointed Ms Evelyn Horton, Ms Eilis Hurley, Ms Fran Raymond and Mr Kent Griffin as part-time acting members of the Australian Reinsurance Pool Corporation (ARPC) Board for the period from 23 April 2026 up to and including 6 July 2026.
Safety concerns, frequent disruption and rising expectations of employer support are reshaping how employees experience travel for work, and how they judge the companies they work for, according to global insurer Zurich.
The conflict in the Middle East has become a material geopolitical risk for construction organisations globally, with clear implications for the wider APAC region.