New research in Australia has revealed that insurance broking is transitioning from an informal, experience-driven occupation to a more structured and professional career, driven by generational shifts in education, evolving skill requirements, and the need for clearer entry pathways.
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against Clark Family, alleging it misled consumers on its websites by claiming it compared rates and options from multiple providers and tailored recommendations to consumers' needs, when in fact enquiries were sold to the highest bidding broker.
Vontobel, an investment management firm, has appointed Mr Emmanuel Archampong as Head of Insurance Solutions in APAC. His appointment comes as part of the firm's growth ambitions in the insurance sector, a strategic focus area for its institutional clients business.
Australia's population will age more quickly but grow more slowly than projected earlier, due primarily to lower fertility rates - a trend common across advanced economies. Deaths are projected to outnumber births by the 2060s - the first time this has been forecast in an Intergenerational Report for 2026.
The Insurance Council of Australia (ICA) has appointed Mr Dean Cullen to the Board as a Non-Executive Director.
Willis, a WTW business, has appointed Mr Will Sare as Head of Corporate, Australia. In his new role, Mr Sare leads Willis' P&C business across Australia.
The general insurance industry of Australia has reported a huge increase in profits in the second quarter of 2026, with profit after income tax rising to A$2.253bn ($1.6bn) from A$637m in the first quarter.
Charles Taylor has appointed Mr Andrew Milne as Managing Director in Australia
Marsh Re has announced the appointments of Mr James Beedle to its Pacific board of directors, subject to regulatory approval, and Mr Justin Ward as CEO of APAC.
A new submission to a Australian Parliamentary Inquiry has said scrapping the extra private health insurance rebates given to older Australians would make the nation's health system fairer.