The average car insurance premium rose to A$1,717 ($1,176), in Australia, an increase of 16% compared to 2023, according to Mozo, a Sydney-headquartered company providing financial comparison services.
Even as the Insurance Council of Australia (ICA) renewed its calls to stop building on floodplains, housing projects on floodplains continue to be approved by the local government authorities.
Nine out of 10 advised clients believe the benefits of financial advice outweigh the costs, the Value of Advice Index has found.
HDI Global (HDI) has appointed Mr Jamie Haider as risk engineering manager, Australasia, subject to regulatory approval.
The Insurance Council of Australia (ICA) has released a charter outlining the principles and key actions for addressing the challenges of extreme weather events, as well as disaster preparation, response, and recovery.
The Insurance Brokers Code Compliance Committee (IBCCC) has called for significant improvements in brokers' disclosure and communication practices, following concerning findings in its latest data report.
The Ardonagh Group, one of the world's largest independent insurance broking platforms, has announced that PSC Insurance Group's shareholders have voted in favour of its proposed A$2.3bn ($1.6bn) acquisition by Ardonagh.
Price Forbes Asia has appointed Mr Thomas Russell as director, head of Australian and New Zealand wholesale. The role is newly created.
Changes to the types of data collected about First Nations people, how it is used and who controls it are needed if Australia wants to progress towards improving the lives and futures of Aboriginal and Torres Strait Islander people, a report commissioned by the Actuaries Institute suggests.
The Australian Prudential Regulation Authority (APRA) has released a comprehensive package of product performance metrics and insights to increase transparency and sharpen superannuation trustees' focus on improving member outcomes.