The Actuaries Institute has identified key priorities to strengthen economic resilience and social equity, calling out five key areas for the federal government to consider in its 2025-2026 Budget.
Around 15% of Australians, approximately 2.8 million people nationwide, said car insurance was their most dreaded bill, according to research by Money.com.au.
Aon has appointed Mr Wesley Roy head of property for Australia and New Zealand. He joins Aon's Reinsurance Solutions team.
The Insurance Council of Australia (ICA) has declared the North Queensland storm and flooding over the past few days as a 'significant event.'
Actuaries across Australia are being encouraged by Actuaries Institute 2025 president Win-Li Toh to tap into their powers of collaboration to find solutions to societal problems ranging from generational inequality to cyber risks.
The Australian Securities and Investments Commission recently released a statement declaring its areas of focus for the financial system in 2025, including the relationships between public and private markets, resolving issues with superannuation, cracking down on fraud and scams and further monitoring cyber resilience across various sectors.
A report by the Australian Bureau of Statistics (ABS) has said that insurance premiums have surged by an average of 11% over the past 12 months. It was just about a year ago that a devastating storm tore through Victoria's Gippsland region.
The Insurance Council of Australia (ICA) has welcomed the opening of the third round of funding from the federal government's AUD 1bn ($627, 205) Disaster Ready Fund, aimed at better protecting communities from the physical, economic and social impacts of worsening extreme weather events.
A new research in Australia has revealed that 24% of Australians risk 'junk cover' by choosing hospital insurance for tax savings over healthcare. The study found that nearly one in four Australians admit to buying hospital cover primarily to avoid paying the Medicare Levy Surcharge (MLS), rather than for healthcare reasons.
Insurance companies in Australia and New Zealand are driving investment into new technologies including AI to become data-driven organisations according to a new report.