An alarming number of Australians in their 30s are leaving the workforce permanently because of their mental health according to a new research commissioned by the Council of Australian Life Insurers (CALI).
Markel has appointed Mr Jack Taylor as executive, distribution strategies and business development, APAC. In this newly created role, he will lead broker engagement and be responsible for ensuring effective broker engagement across the region. He will also work on the development and delivery of underwriting solutions.
Perils AG has revised its insured loss estimate to AUD1.61bn ($1bn) for Christmas storms in Australia in 2023. This is the fourth and final loss estimate for the event by the property catastrophe data firm. The estimate was raised from AUD1.56bn six months ago.
New data analysis by Catholic Health Australia (CHA) reveals corporate health insurers are pricing Australians out of quality private health insurance amidst a cost-of-living crisis.
The underwriting profitability of Australia's non-life insurance sector is expected to remain stable as strong premium rate hikes in recent periods work their way through to earnings, offsetting rising claim costs, says Fitch Ratings.
The Insurance Council of Australia (ICA) has released the third edition of its "Climate Change Roadmap", which includes member survey results showing that 85% of respondents have set net-zero targets by 2050, with 50% aiming for 2030 operational net-zero targets.
Australians with hospital cover are paying 71% more in out-of-pocket costs compared to five years ago, according to new data analysed by Money.com.au, an Australian financial comparison platform.
Miller has appointed Ms Elizabeth McGonagle as head of power, APAC, effective January 2025.
Argyle Insurance, an Australian underwriting agency specialising in SME insurance solutions, has secured a strategic investment from Correlation, backers of insurance entrepreneurs around the world.
The Australian general insurance industry is expected to see another strong year in FY2025, with top line continuing to grow along with a stable loss ratio, according to a report by Finity, a general insurance actuarial provider.