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.
Health insurance premiums in Australia are expected to rise by about 4% in 2026, says a new report by money.com.au.
While Australia's Cyclone Reinsurance Pool (CRP) has contributed to reducing pressure on insurance premiums in Northern Australia, a greater focus on climate resilience and mitigation is still required to put sustainable downward pressure on insurance costs according to the Insurance Council of Australia (ICA).
Australians of all ages are feeling the squeeze of rising costs, mental health pressures, and uncertainty about their financial futures, according to new independent research commissioned by the Council of Australian Life Insurers (CALI).
Zurich Insurance is reportedly rolling out its private credit strategy in the Asia-Pacific region, starting with Australia, where it has committed US$170m to tap into investment opportunities in local assets.
The Australian Government has passed the Criminal Code Amendment (State Sponsors of Terrorism) Bill 2025, which amends the Terrorism and Cyclone Insurance Act 2003 (TCI Act). The amendment aligns the definition of a terrorist act with the Crimes Act 1914, ensuring that coverage under the TCI Act extends to state-sponsored terrorism.
Zurich Insurance Group has appointed Ms Megan Shao as chief claims officer, APAC, effective 1 February 2026.
Regulations cost the Australian insurance customers up to A$3.5bn ($2.3bn) each year and this has a major impact on productivity, according to a new report by the Insurance Council of Australia (ICA).
Willis, a WTW business, has appointed Mr Vijay Nair as head of tax insurance for APAC. This newly created role is in Willis' M&A business within the financial, professional and executive risks specialty business.
The Australian insurer Insurance Australia Group (IAG) has released the third edition of its Severe Weather in a Changing Climate report, developed in partnership with the U.S. National Science Foundation's National Center for Atmospheric Research.