Archive

Claims inflation? What claims inflation?

Rising costs of goods and labour may be squeezing underwriting results in Europe and North America, but for many insurers in Asia, claims cost inflation is a world away in every sense. David Walker reports

Suncorp's inflation-fighting measures pay off

Claims inflation in some lines is running at just 1% to 2%, says the Australian insurer's CEO

"Band-aid solutions" will not address climate change, warns Suncorp CEO

Steve Johnston made the comment as the insurer released its full-year results

Suncorp agrees A$4.9bn bank sale to ANZ

Suncorp boosts nat cat budget by A$200m as flooding hits Australia

S&P Global expects "continued upward pressure" on industry's reinsurance rates

Australia's Suncorp considering sale of bank unit

Divestment would be latest in long line of such divisions

Hot property! Australia faces up to un-insurability threat

Record costs of recurring natural catastrophes risk turning property re/insurance in Australia into a niche product for low-risk homes, finds David Walker

Suncorp admits reinsurers generally "less interested" in covering Australian natcats

Insurer predicts "a lot of recoveries" on its cover after floods

Suncorp blows half-year natcat budget

CEO says poor urban planning "putting people in the face of natural disasters"

IAG hikes natcat budget by 37% after stormy weather

October storms in South Australia and Victoria add to claims burden