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Australia tag returned 1516 results

  • Australia: APRA-regulated institutions align well to guidance on managing climate-related financial risks

    More than 60 entities regulated by the Australian Prudential Regulation Authority (APRA) are generally aligning well to the regulator's guidance on managing the financial risks and opportunities that may arise from a changing climate, especially in the areas of governance and disclosure.

    Asia | 10 Aug 2022
  • Argenta makes exit from Singapore

    Argenta Underwriting Asia (AUA) has announced that it will cease writing new and renewal business in Singapore with immediate effect.

    Asia | 09 Aug 2022
  • Australia: Nat CAT events rain on Suncorp's FY2022 financial results

    One of Australia's biggest financial services companies, Brisbane-headquartered Suncorp has announced that its insurance operations in Australia (dubbed 'Insurance Australia') reported profit after tax of A$174m ($122m) for the financial year ended 30 June 2022 (FY22), a 68.2% fall compared to FY21.

    Asia | 09 Aug 2022
  • Australia: COVID-19 third leading cause of death in 2022

    Deaths from COVID-19 are expected to reach 7,100 for the first seven months of 2022, according to the latest Actuaries Institute research, with COVID-19 expected to be the third leading cause of death so far this year.

    AIRPlus | 08 Aug 2022
  • Australia: High Court to hear arguments in second BI test case

    The Insurance Council of Australia (ICA) yesterday acknowledged the High Court's request to hear oral arguments on the applications for special leave to appeal the Full Court of the Federal Court of Australia's recent judgment on the interpretation of policy wordings in business interruption policies in the context of COVID-19.

    Asia | 05 Aug 2022
  • Australia: TAL seals Westpac life acquisition

    TAL Dai-ichi Life Australia has recently announced the completion of its acquisition of Westpac's Australian life business, a year after the two parties agreed to the deal.

    Agents | 03 Aug 2022
  • Pacific: Insurance prices grow at a slower rate quarter on quarter in 2Q

    Insurance pricing in the Pacific region, that is dominated by the Australian market, increased by 7% in the second quarter of this year, down from 10% in the prior quarter and the sixth consecutive quarterly reduction in rate increases, according to the 2Q2022 "Global Insurance Market Index" report released by leading global insurance broker Marsh.

    Asia | 03 Aug 2022
  • Australia: Insurance broking market continues to consolidate

    Australia-based insurance broker Aviso Broking has acquired Macquarie Insurance Brokers (Australia) Pty Ltd in Sydney, which caters to commercial and personal insurance lines.

    Asia | 02 Aug 2022
  • Australia: Many financial advisers exhibit gap in confidence and knowledge around claims

    Clients often rely on their financial adviser to be the expert during the claims process which can sometimes feel intimidating, time-consuming and stressful for claimants, says TAL, one of Australia's biggest life insurers.

    Asia | 01 Aug 2022
  • Australia: Costs of South East Queensland floods estimated to exceed US$5bn

    This year's South East Queensland (SEQ) floods have cost an estimated total of A$7.7bn ($5.4bn) to the state, taking into account both historical tangible costs and the NPV of lifelong health and social costs, according to a report by the professional services company Deloitte.

    Asia | 29 Jul 2022

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