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Australia tag returned 1383 results

  • Australia: Health insurer acquires physiotherapy business

    HBF, one of Australia's fastest growing private health insurers, is has entered into a binding agreement to acquire 100% of physiotherapy and allied health business Life Ready Health Group (Life Ready).

    Asia | 25 Jan 2022
  • Australia: Around 40% of homeowners confident they have sufficient home insurance

    Most Aussies are insured but their cover may not be right, according to the results of a survey commissioned by insurance giant QBE.

    Asia | 21 Jan 2022
  • Australia: Homeowners could be more ready for Nat CATs

    Many Aussies could be more prepared for extreme weather and natural disasters, according to QBE research. Just a quarter (25.6%) of Australians describe themselves and their homes as prepared or very prepared for natural disaster and weather events. The rest say they're either unprepared (22%), or only somewhat prepared (52%).

    Asia | 20 Jan 2022
  • Australia: Action on climate change will reap resilience dividend

    Australia can avoid A$380bn ($274bn) of climate change losses over the next 30 years through adaptation (A$120bn) and mitigation ($260bn). But the rapid increase in the cost of inaction means that the window to invest in adaptation is closing, according to the findings of a recent study by Deloitte Access Economics.

    Asia | 18 Jan 2022
  • Australia: Reform makes it mandatory for claims personnel to be licensed wef 1 Jan

    Since 1 January 2022, insurance claimants are entitled to ask whether those who are providing assistance to them in handling and settling claims are licensed. This is because from that date, persons providing claims handling and settling services are required to hold an Australian financial services (AFS) licence under the Corporations Act 2001.

    Asia | 17 Jan 2022
  • Australia: COVID-related liability issues remain for insurers

    Many pandemic-related issues are yet to play out for insurers, including construction liability waivers, mandatory vaccinations, mental health exposures and property access issues, according to the "GL Trends Update: Towards 2022" report published by the law firm Wotton + Kearney that specialises in providing legal services to the insurance industry.

    Asia | 14 Jan 2022
  • Australia: Regulatory changes, COVID and cyber are among issues faced by insurers this year

    Following the slew of regulatory changes implemented in 2021, 2022 will be the year in which insurers learns how to work with the new regulatory regime, and for ASIC to initiate some high-profile licence condition or enforcement actions to test the new regime.

    Asia | 13 Jan 2022
  • Australia: Call for new advice model to provide conflict-free guidance on retirement income plans

    The proposed Retirement Income Covenant is likely to lead to a large expansion of the range of retirement products available to people. This expansion of offerings is likely to increase complexity and without improved guidance is unlikely to translate into consumers taking up more appropriate offers, says the non-governmental organisation Super Consumers Australia (SCA) that represents the interests of low and middle-income Australians in the superannuation system.

    Asia | 12 Jan 2022
  • Australia: December sees highest frequency of car park crashes

    December was once again the riskiest month for car park crashes, with around 40% more of such incidents compared to the monthly average, according to data from AAMI, one of Australia's largest national car insurers.

    Asia | 11 Jan 2022
  • Australia: IAG finalises its 2022 catastrophe reinsurance programme

    One of Australia's biggest non-life insurers, IAG, has successfully finalised its catastrophe reinsurance programme for the 2022 calendar year, maintaining its gross reinsurance protection cover at up to A$10bn ($7.2bn), the same level as 2021.

    Asia | 07 Jan 2022

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