Australia limits use of offshore life reinsurance

Apra says finalising the rule change will strengthen its oversight of the life insurance sector


Australian regulator rejects internal models in revised capital framework

Revision prompted by introduction of AASB 17 accounting standard


Australia reveals laws for property reinsurance pool

Government will backstop natural catastrophe cover with A$10bn


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