To date, the Australian Reinsurance Pool Corporation (ARPC) has received 9,399 cyclone claims, with a total incurred value of A$121m ($77.9m), according to released statistics. The cyclone pool, which ARPC operates, targets support to cyclone-prone areas.
Canopius has appointed Mr Mark Butterworth as underwriter - professional lines.
The Council of Australian Life Insurers (CALI) welcomes the appointment of Dr Daniel Mulino assistant treasurer and minister for financial services.
Parcel theft, otherwise known as 'porch piracy' is an increasing concern among Australians, especially during peak seasons like Black Friday and Christmas, according to a report by Compare the Market that operates a price comparison platform.
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has appointed Mr Scott Hawkins to its Board.
IAG's Intermediated Insurance Australia (IIA) business announced these new appointments, in alignment with the repositioning of its division to improve responsiveness and uplift service experience:
Canopius has appointed to its APAC leadership team Ms Chiu Channing as regional strategy and transformation lead and Mr Zhang Chen as head of claims, APAC.
Athene, a provider of retirement income and savings services products, has appointed Mr Hugo Choi as senior vice president of corporate development.
Australian Reinsurance Pool Corporation (ARPC) has released updated analysis showing that the Cyclone Reinsurance Pool (cyclone pool) is delivering significant downward pressure on insurance premiums, and improving insurance availability for Australians living in cyclone-prone areas.
A surge in demand for cruise travel has created opportunities for tailored travel insurance products in the market.