Reducing state government taxes in Australia is perhaps the best and fastest way to bring relief for the insurance customers who are burdened by higher insurance premium in the aftermath of rising natural disasters according to QBE chairman Mike Wilkins.
The Australian insurance industry says that extreme weather, building inflation, soaring reinsurance premiums and state insurance taxes are the key factors that push up the insurance premiums.
Australian drivers may be spending more on motor insurance than they necessarily need to, due to what has been called a 'convenience catch', according to new research by the personal finance comparison platform, Compare the Market.
Arch Insurance has appointed Ms Relanda Taing as new senior underwriter for professional indemnity for the Northern Region.
Munich Re has appointed Ms Diana Bär CFO for Australasia, effective 1 July 2025.
Rising insurance premiums and proposed regulatory changes are likely to place increased financial pressure on homeowners in Australia according to Property Council of Australia (PCA).
INSTANDA, a policy administration and digital distribution platform for the global insurance market, has appointed Mr Jerry Hall as head of business development, APAC.
Catastrophe insurance data provider PERILS has disclosed that its initial industry loss estimate for tropical cyclone Alfred is A$2.59bn ($1.67bn).
Euclid Transactional has appointed Ms Low Wai Ling as senior vice president and tax underwriter, APAC. She is the first tax underwriter based in the APAC region to join Euclid Transactional's global tax insurance team.
Ignyte Insurance has been officially launched as a specialty insurance platform dedicated to acquiring, scaling and accelerating high-performing insurance brands in niche markets around the world, including Australia.