Browsing: Australia

Recent mergers and acquisitions in the insurance industry highlight significant moves by major players. Howden acquires Chilean retail insurance broker Ureta & Fernandez Corredores de Seguros Limitada while United Risk purchases Australian facultative reinsurance MGA Pinnacle Underwriting.

Australia’s insurance industry is experiencing increasing claims and affordability issues due to rising extreme weather events, with recent disasters costing $2.2 billion in six months and projected annual losses reaching $8.7 billion by 2050.

Insurers participating in Australia’s Cyclone Reinsurance Pool have processed over 68,000 claims related to ex-Tropical Cyclone Alfred, with total insured losses estimated at $1.44 billion.

WTW business, Willis, introduces Zest Insurance, a cutting-edge digital insurance platform for small and medium enterprises in Australia, offering a seamless online experience with expert broker support.

Dairy Protect by Breakwater Insurance Brokers launches tailored insurance solutions for dairy farmers in western Victoria and regional South Australia

Gallagher Bassett has established a new accident and health division in Australia, following the full integration and rebranding of Corporate Services Australia (CSA), which it acquired in 2022.

Australia’s general insurance industry is revising its code of practice to make it legally enforceable and more accessible to policyholders by 2027

TAL paid out A$4.7 billion in claims to 54,000 customers between March 31, 2024, and March 31, 2025

Research reveals that Australians who experience severe cyclones are more likely to purchase private health insurance, with category 5 cyclones having the most significant impact.

Australian insurers struggle with workforce challenges, with 92% citing limited talent pool as a major issue affecting claims management and business growth