Around 2.4m Australians (17% of the country's population) with private health insurance have increased their excess in the past two years to reduce their premiums according to a new research by Money.com.au.
There is a need for increased driver awareness on Australia's roads, especially between dawn and dusk, because of the risk of wildlife collisions.
Affordability of transport in Australia improved every quarter over the 2024-2025 financial year, according to the Australian Automobile Association's (AAA) Transport Affordability Index. It was the first time that affordability improved in four consecutive quarters since 2020.
Canopius has appointed Mr Ray Wong as energy underwriter. According to Mr Johnny Kim, Canopius head of energy and construction, APAC, Mr Wong's technical depth and commercial mindset make him an excellent addition.
Kennedys, a global litigation and dispute resolution firm with a specialisation in insurance, has promoted Mr Ben Forrest (Sydney) and Mr George Abraham (Melbourne) to special counsel for insurance in Australia.
Tokio Marine Kiln has appointed Ms Phoebe Liew as special risks underwriter, focussing on credit and political risk.
Insurance Council of Australia (ICA) has proposed that all land use planning should take into account the current and projected extreme weather events and ensure that areas of zero-risk and low-risk are prioritised for future development.
Within its health and benefits (H&B) business in Southeast Asia, WTW has appointed Mr Fong Han Wei as head of H&B, Singapore Mr Lim Choo Ho as head of H&B, Malaysia.
Financial advisers have delivered value for clients with not just technical expertise but emotional support, according to a new report from Russell Investments.
An estimated A$2.5bn of reinsurance covers saved Australian general insurers from needing to have up to A$70bn of capital to cover the cost of natural disasters and other losses in the last financial year according to a new paper published by the Australian Actuaries Institute.