Apra publishes final climate guide for insurers

The guide does not impose any new regulatory requirements or obligations


Resolution Life pays A$524m for outstanding stake in AMP Life

Taking full ownership comes 16 months after its partial purchase


Storms trigger Australian catastrophe amid calls for relaxing Covid bans

The ICA said around 36,000 claims had been lodged so far


Australian BI fallout: Insurers slammed for weak risk management

The country's regulator warns the non-life industry "cannot have repeat of the BI issues"


Australian regulator criticises immature recovery plans

Most life insurers chose to inject capital to tackle stressed scenarios


Australian BI insurers must report failings in risk management frameworks

Business interruption claims arising from Covid-19 surprised underwriters


Consider ditching high climate-risk clients, Apra tells insurers

Scenario testing should include temperatures rises exceeding 4°C


Australia's disability income insurers must innovate or die

Disability income products with 120% claims ratio face "pretty bleak" fate, warns life firm CEO


Apra proposes limiting use of offshore life reinsurance

The Australian watchdog argues offshore reinsurers reduce regulatory visibility


Allianz acknowledges failings in oversight for Australian unit

Allianz Australia Insurance agrees it had "longstanding, persistent and serious" risk deficiencies