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Australia tag returned 900 results

  • Australia: S&P revises insurer's outlook due to COVID-19

    Amid financial market volatility triggered by COVID-19, Australia's largest provider of annuities, Challenger Life (CLC), has a slightly higher asset risk exposure than that of peers and required some de-risking. However, the firm is expected to maintain its substantial financial profile and strong business profile according to S&P Global Ratings which revised its outlook for CLC to stable from positive.

    Asia | 30 Mar 2020
  • Australia: Consumer group urges insurers to cancel planned health insurance premium hikes

    Consumer advocacy organisation CHOICE is calling on health insurers to cancel health insurance premium increases scheduled for 1 April in light of the COVID-19 health and economic crisis.

    Asia | 30 Mar 2020
  • Australia: Landlord insurance dilemma

    In a recent paper called 'Australia: Landlord and tenant considerations through the coronavirus outbreak', law firm Norton Rose Fulbright shines a spotlight on a legal and ethical dilemma.

    Asia | 27 Mar 2020
  • Australia: 300,000 more people live in capital cities

    The population living in Australia's capitals increased by 303,100 people during 2018-19, according to the latest figures released by the Australian Bureau of Statistics.

    Asia | 27 Mar 2020
  • Australia: Proportion of the young who drive is falling

    The proportion of people in younger age groups driving is decreasing while the proportion in older age groups who are behind the wheel increases, new automotive data from market research firm Roy Morgan show.

    Asia | 26 Mar 2020
  • Australian regulator adapts 2020 agenda to prioritise COVID-19 response

    In a recent announcement, the Australian Prudential Regulation Authority (APRA) said it has suspended the majority of its planned policy and supervision initiatives for this year in response to the impact of the COVID-19 pandemic.

    Asia | 25 Mar 2020
  • Insurance industry scores poorly on social risk management survey

    A survey of 60 insurance executives conducted by the actuarial firm Finity has found that 62% of the participants believed their organisations were 'a long way behind' the best practices and a further 21% said they were 'doing nothing effective in this area.'

    Asia Risk | 25 Mar 2020
  • Australia: Superannuation funds receive higher volume of queries

    Superannuation funds in Australia have started receiving higher levels of member inquiries, with one critical question being about reduced asset values in the wake of the COVID-19 pandemic, according to Rice Warner, an actuarial consulting, research and technology solutions firm.

    Asia | 25 Mar 2020
  • Australia: Insurers ask regulator to show how more data transparency enhances competition

    The Insurance Council of Australia (ICA) has expressed its concerns that a bid by the Australian Prudential Regulation Authority (APRA) to make some general insurance and life insurance data more transparent would lead to a weakening of competition and greater concentration of market power in certain product classes.

    Asia | 24 Mar 2020
  • Australia: ASIC shifts regulatory priorities to focus on COVID-19 challenges

    In coordination with the Council of Financial Regulators, ASIC will focus its regulatory efforts on challenges created by the COVID-19 pandemic, the regulator says in a statement.

    Asia | 23 Mar 2020

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