The Australian Insurance Law Association (AILA) has undertaken a rebranding exercise to announce that it is an association for everyone involved in the insurance industry and not just lawyers.
Australian specialist healthcare underwriting agency Tego Insurance will now also offer a combined liability package for the aged care sector.
As a result of increased rates of cyber attacks, company directors and officers are now facing greater regulatory oversight to disclose cyber security issues, says Mr Henry Clark - head of Professional & Executive Risks at the Australian international brokerage Honan Insurance Group.
Laureola Advisors, a specialist asset manager focused exclusively on life settlements, has opened an office in Sydney, following a soft entrance to the Australian market two years ago.
A common theme that increasingly pervades all three sectors of the insurance industry - general insurance, life insurance and health insurance - is the affordability and availability of insurance, Mr Wayne Byres, APRA chairman.
Although many in the insurance industry are predicting positive growth in Australia over the coming year, many issues that defined 2021 remain front of mind for 2022, with some of them also part of global insurance trends, states the legal services firm Sparke Helmore Lawyers which is a member of the Global Insurance Law Connect (GILC), an alliance of insurance law firms spanning four continents.
Suncorp has committed itself to more ambitious, deeper and broader actions relating to financial inclusion by moving its Financial Inclusion Action Plan (FIAP) up a step onto the "Build" level. This phase will last a longer term of three years till March 2025.
One in 25 Australian properties will be effectively uninsurable by 2030 due to rising risks of extreme weather and climate change according to a new analysis by the Climate Council of Australia.
Some of Australia's biggest insurance companies have discreetly introduced policies to use generic, non-genuine (off-brand) parts in crash repairs.
Australian-listed AUB Group yesterday announced it has entered into a binding agreement to purchase Tysers, a leading Lloyd's wholesale broker and is undertaking an equity capital raising to provide funding towards the acquisition