Australia
Westpac sells insurance arm Japan’s Dai-ichi Life for A$900m
This marks the Australian firm’s exit from the life insurance sector.
Westpac sells insurance arm Japan’s Dai-ichi Life for A$900m
This marks the Australian firm’s exit from the life insurance sector.
nib launches newest digital solution for prescription claims
Members can now have a process on-the-spot, paperless claims of their prescriptions.
Can Australian insurers weather another economic collapse?
The Australian Prudential Regulation Authority found out the answer.
Australian insurer IAG net loss resulted from one-off factors: analyst
The company’s preliminary FY 2021 results predict a A$427m net loss.
Reinsurance pool could lead to premium discount in Australia's cyclone areas
The government announced a $7.4b (A$10b) cyclone reinsurance pool that will help drive down insurance premiums.
Westpac sells NZ life insurance unit to Fidelity Life
Westpac Life NZ and Fidelity Life will also enter into a 15-year distribution agreement.
Australia's Suncorp renews reinsurance programme for FY2022
The FY2022 reinsurance tower will grant Suncorp with $4.9b (A$6.5b) of protection.
Australian property reinsurance saw neat mid-year renewals: report
The property segment experienced pressures on pricing, particularly on loss-affected layers.
Australia's resources sector at risk of not securing insurance, funding
This is due to banks and insurers trying to appease activist shareholders, QRC said.
Aussie insurers urged to act quick for continuity, stability
The sector also has three key areas of main focus and concern.
Australia's 360 acquires New Zealand's TLC Insurance
The acquisition allows 360 to expand its footprint in New Zealand.
Australia's insurance reskilling looks 'robust': report
Training programmes are being offered especially on entry-level skills.
Aussie life insurers post $774m net profit
Only ILS reported a profit amongst risk products for the year ended March 2021.
Australia's HBF acquires CUA's health business
CUA will use the funds from the sale to boost its banking line.
Australia's ICA posts review on commercial insurance
Affordability and availability issues were focused on public liability, amongst others.
Aussie PM frets about sustainability of disability insurance scheme
The growth in payment per participant was due to inconsistent information, he said.
AIA Australia's market standing boosted by CMLA purchase: report
The consolidation allows access to CMLA's client and distribution network.
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