The Insurance Council of Australia (ICA) has welcomed the opening of the third round of funding from the federal government's AUD 1bn ($627, 205) Disaster Ready Fund, aimed at better protecting communities from the physical, economic and social impacts of worsening extreme weather events.
A new research in Australia has revealed that 24% of Australians risk 'junk cover' by choosing hospital insurance for tax savings over healthcare. The study found that nearly one in four Australians admit to buying hospital cover primarily to avoid paying the Medicare Levy Surcharge (MLS), rather than for healthcare reasons.
Insurance companies in Australia and New Zealand are driving investment into new technologies including AI to become data-driven organisations according to a new report.
Australia minister for health and aged care Mark Butler has said the Australian government is committed to ensure that the health insurance members get value. He was addressing a press conference on 19 January 2025 and responding to a query about private health insurance in the country.
Markel has appointed Mr Scott Jordan as claims manager, casualty - Australia. In his new role, he will continue to focus on providing exceptional customer service while achieving the best claims outcomes for Markel's clients and stakeholders.
The Australian Reinsurance Pool Corporation (ARPC) has teamed up with the University of Queensland for a three-year resilience study programme. The programme aims to understand how risk pooling can support individual and community resilience to cyclones and improve community outcomes for the ARPC-run reinsurance pool.
Australian insurers are failing to identify one in six customer complaints, effectively denying those Australians critical protections available through the Internal Dispute Resolution (IDR) regime.
Australia has no plans to allow private health insurance cover of general practitioner (GP) care in the country. Currently, under Australian law, private health insurance cannot offer cover for out-of-hospital medical services, including GP visits, because they can be covered by Medicare.
The first update to the National Seismic Hazard Assessment of Australia since 2018 has been released by Geoscience Australia. It identifies Darwin and the eastern highlands through into Latrobe Valley as areas where there is a higher risk of strong ground shaking.
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).