The Insurance Council of Australia (ICA) has submitted a strengthened General Insurance Code of Practice to the Australian Securities and Investments Commission (ASIC) following consultations with consumer groups, regulators, government and insurers. Announced on 22 October, the revised code aims to strengthen consumer protection through legally enforceable obligations, improved support for vulnerable customers and those experiencing financial hardship, and greater transparency and accountability in claims handling.
The Australian Reinsurance Pool Corporation (ARPC) has released its latest Cyclone Reinsurance Pool Premium Assessment, finding that improvements in insurance affordability and availability in higher cyclone risk areas have been sustained.
Hollard Insurance Australia has appointed Mr Mark Adams Chief Risk Officer.
Achieving net zero targets sooner than planned will limit long-lasting changes to El Niño and the tropical Pacific, however, the heat stored deep in the ocean means changes to the tropical Pacific could persist for centuries ahead.
The Global Asia Insurance Partnership (GAIP) has announced that Lloyd's Asia has joined the Asia-focussed, neutral tripartite platform as a Supporting Partner, bringing a specialist (re)insurance market perspective to GAIP's work to address protection gaps and strengthen resilience against the complex and evolving risks affecting Asia.
Australia's Federal Court has ordered Hollard Insurance Partners (Hollard) to pay a A$2m ($1.4m) penalty after the insurer admitted to serious claim-handling failures that left a Victorian family living in appalling conditions, with their home ultimately deemed a total loss.
Data from WTW's Quarterly Deal Performance Monitor reveals that completed M&A deal value grew by 23.9% year-on-year during the first nine months of 2026, rising to $1.65bn from $1.33 bn in the same period of 2025.
Mental health-related absences is a fast growing workforce challenge in Australia, with recent data showing that such absences have increased by 35% y-o-y to become a leading cause of employee long-term leave in organisations.
Allianz Retire+ and AIA have formed a strategic partnership aimed at addressing Australia's growing retirement challenge.
Strengthening national leadership on housing delivery, land use planning and improving the resilience of existing housing stock at the point of repair, renovation or replacement have been identified as key practical priorities to protect Australians against the impacts of extreme weather, according to a new report by IAG.