Five times as many Australians are dying from COVID-19 than influenza five years after the outbreak of the global pandemic, research published by the Actuaries Institute shows.
Data, analytics and insights platform GlobalData expects the APAC reinsurance market to reach $68.4bn in 2029 in terms of reinsurance accepted premiums, growing at a compound annual growth rate of 4.8% from $54bn in 2024.
New analysis released by the Insurance Council of Australia (ICA) shows that motor vehicle theft claims are increasing significantly in some parts of the country, namely Queensland and Victoria.
The Australian Prudential Regulation Authority (APRA) has made minor changes to reporting standard SRS 101.0 Definitions for Superannuation Data Collections, reporting standard SRS 553.0 Investment Exposure Concentrations and Valuations and reporting standard SRS 606.0 RSE Profile to align to the APRA Connect taxonomy and clarify reporting requirements.
Tropical Cyclone Alfred has left a lasting mark on one of Australia's most popular tourism regions, with extensive sand erosion, damaged beach accessways, and coastal infrastructure destruction along the Gold Coast.
The majority of Australians have paid out-of-pocket for desexing procedures for pet dogs and cats, forking out A$289 ($182) on average, according to a new study by Compare the Market, a price comparison platform.
Insurers in Australia had received more than 44,000 claims till 12 March following ex-tropical cyclone Alfred as reported by the Insurance Council of Australia (ICA).
ASIC is suing the trustee of Australia's largest superannuation fund, AustralianSuper, over delayed processing of nearly 7,000 death benefit claims, according to proceedings filed in the Federal Court.
JBA Risk Management has launched a new comprehensive Australian inland flood model to meet increasing demand from the insurance and risk markets for better flood insights.
Analysis by Money.com.au reveals that private health insurance benefits in Australia have fallen to their lowest level since the Australian Prudential Regulation Authority (APRA) began publishing annual industry reports in 2008.