The Australian financial system, including Australian Prudential Regulation Authority (APRA) regulated banks, insurers and superannuation funds, remains resilient in an increasingly volatile and interconnected world, according to the latest edition of APRA's System Risk Outlook report.
Anxiety disorders are the single largest driver of wellbeing loss in Australia, with an average of 45% of years lived with disability (YLD), according to a Zurich Insurance report.
National return to work (RTW) trends in Australia reflect the greater recovery complexity and longer work absence associated with psychological injuries, reinforcing the need for earlier, more structured and clinically supported workplace intervention to prevent long-term disengagement from work.
The Australian Reinsurance Pool Corporation (ARPC) has released its latest premium assessment, confirming the Cyclone Reinsurance Pool is continuing to improve insurance affordability and availability in Australia's highest cyclone risk regions.
Sedgwick has appointed Mr Simon Kay as CEO and Ms Kimberley Daley as COO. Between them, they will lead the company's Australian business.
Gallagher Re has appointed Mr Russell Hails as Executive Director, Head of MGA Solutions, APAC.
More than 3m older Australians - including more than 400,000 pensioners with private health insurance - will be hit hard by the federal government's decision to cut private health insurance rebates for Australians aged over 65.
The Insurance Council of Australia (ICA) said efforts to improve insurance affordability in Tasmania should focus on addressing the underlying drivers of rising costs, following the state government's announcement that it will establish a new statutory authority, TasInsure, aimed at reducing premiums.
Insurance Australia Group (IAG) has announced a refreshed strategy and long-term financial targets as part of its Ambition 2030.
Over the past decade, the number of people accessing financial support because they are not able to work due to injury or illness has surged in Australia, with 2m more Australians now claiming income support payments.