The cost of rebuilding homes in Australia after extreme weather events is rising faster than inflation with the biggest increases concentrated in the materials and trades needed most after disasters, according to a new analysis by the Insurance Council of Australia (ICA).
Descartes Underwriting, a global provider of corporate parametric (re)insurance solutions for climate and emerging risks, and Generali Global Corporate & Commercial (GC&C), the business unit of Generali Group providing insurance solutions and services to medium and large companies in more than 180 countries, have renewed their strategic partnership.
Australian insurer Suncorp is partnering with Aussie tech company Codafication to support its property claims process.
Mr David Bradbury commenced his role as Deputy Chair of the Australian Prudential Regulation Authority (APRA) on 1 September 2026. He has been appointed for a five-year term and will oversee APRA's work in superannuation.
APAC has become what he described as "the engine room for global aviation industry growth and aerospace".
Home insurers may be leaving Australians exposed to higher repair costs by using cash settlements in a significant percentage of claims, an ASIC review has found.
The Council of Australian Life Insurers (CALI) has welcomed the federal government's decision to proceed with introducing a new class of adviser for life insurers and APRA-regulated superannuation funds.
Over the coming four years, the Australian Reinsurance Pool Corporation (ARPC) is planning to strengthen delivery of Australia's terrorism and cyclone reinsurance pools, while making greater use of its unique data and insights to support risk mitigation and resilience.
Xceedance has appointed Mr Adrian Spieler to its Board of Directors.
Australia's proposed reduction in the private health insurance rebate for older Australians has raised concerns that higher out-of-pocket costs could prompt some retirees to drop or downgrade their cover, potentially adding pressure to the public healthcare system.