The Australian Consumers Insurance Lobby (ACIL) is calling for significant reforms to the General Insurance Code of Conduct.
The Insurance Council of Australia (ICA) has disclosed that the April storms that battered New South Wales caused A$176m ($117m) in insured damages, with over 95% attributed to property damage.
The Australian Medical Association (AMA) urges, in the strongest possible terms, that the Australian Prudential Regulation Authority (APRA) scrap proposed changes to quarterly private health insurance statistics publications and continue to publish them in their current form.
The Council of Australian Life Insurers (CALI) has appointed Mr Paul Reid as industry representative of the Life Code Compliance Committee (LCCC), effective 3 June 2024. He replaces Mr Brad Clarke.
The Insurance Council of Australia (ICA) says that it welcomes Australian Government initiatives designed to improve access to home ownership in Australia, adding that lenders mortgage insurance (LMI) is a crucial but sometimes overlooked component of the Australian home lending market.
Australians in their mid-to-late-20s have pulled back on spending more than any other age group, according to the latest CommBank "iQ Cost of Living Insights Report".
There is a clear role for insurers in Australia to unlock the opportunities offered by the growing Electric Vehicle (EV) market, as well as to manage any potential risks, says the Insurance Council of Australia (ICA) in an industry paper.
The Insurance Council of Australia (ICA) has established a new counter-fraud and scams function to provide an industry-wide capability focused on detecting organised fraud networks and identifying emerging fraud-related trends or criminal scams.
Australia's peak motoring body, the Australian Automobile Association (AAA), says new figures revealing an 11.2% annual increase in road deaths send an unambiguous message that state governments must agree to Federal demands to share critical data about the causes of road trauma.
Strengthening protections around AI must start with sharpening or otherwise adjusting existing regulatory frameworks, says the Insurance Council of Australia (ICA).