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Australia tag returned 1283 results

  • Australia: Health insurer rolls out digital claiming solution to over 1,300 pharmacies

    Health insurer, nib Group (nib), has partnered with Australian claim and payment platform, LanternPay, and global software company, Civica, to provide a simple solution for nib members and pharmacies to process claims for pharmaceuticals without the need for members to pay first and claim later.

    Asia | 06 Aug 2021
  • AILA launches writing contest

    The Australian Insurance Law Association (AILA) has launched its prestigious Gill Award for its members who are Australian residents and is offering a prize valued at A$10,000 ($7,400) for the applicant who submits the best paper on a topic on which AIDA, the international insurance law association, has a working party. The award honours AILA founder Michael Gill.

    AIRPlus | 05 Aug 2021
  • Australia: Stress tests show insurers able to withstand very severe economic downturn

    Stress testing activities on life and general insurers during 2020, following the outbreak of COVID-19, demonstrate that insurers are well-positioned to withstand a very severe economic downturn, while still meeting their commitments to policyholders, says the Australian Prudential Regulation Authority (APRA).

    Asia | 05 Aug 2021
  • Australia: Gaps remain in total & permanent disability insurance safety net

    The Australian Securities and Investments Commission (ASIC) has issued a report setting out residual gaps and areas where improvements are still needed in total and permanent disability (TPD) insurance, particularly in the ability of insurers and trustees to use data to improve product design and claims handling.

    Asia | 04 Aug 2021
  • Australia-Pacific: 2Q insurance prices increase at slower pace

    Overall insurance pricing in the second quarter of 2021 in the Australia-led Pacific region increased by 23.2% in the June quarter, continuing an upward trend that began in 2015.

    Asia | 03 Aug 2021
  • Australia: ASIC releases guide to implement new add-on insurance deferred sales model

    The Australian Securities and Investments Commission (ASIC) has released a new regulatory guide and final customer information requirements as part of its work to implement the new deferred sales model for add-on insurance (RG 275).

    Asia | 02 Aug 2021
  • Australia: Number of financial advisers shrinks by 1/3 over 30 months

    Financial adviser numbers have fallen from nearly 29,000 when the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, was released, to just over 19,000 at present, says the Association of Financial Advisers (AFA) national president, Michael Nowak.

    Asia | 30 Jul 2021
  • Australia: Insurers navigate regulatory challenges

    Australian insurers face a plethora of new regulations and many are struggling to implement them.

    Asia Risk | 28 Jul 2021
  • Australia: Allianz Partners announces new CEO

    Allianz Partners Australia has announced the appointment of Christopher McHugh as CEO, effective 2 August 2021.

    People | 27 Jul 2021
  • Australia: Non-life giant sets aside over US$800m for BI claims

    IAG, one of Australia's largest insurer, has provided A$1.15bn ($847m) in the net corporate expense line for business interruption claims in the financial year ended 30 June 2021 (FY21).

    Asia | 26 Jul 2021

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