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


Australia intervenes on event cancellation cover for Covid-19

The country 's Federal Court has also reserved judgement in a second BI test case


Storms trigger Australian catastrophe amid calls for relaxing Covid bans

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


Insurers and customers lodge appeals in Australian BI test case

Federal Court is due to hear appeals in the next fortnight


Affordability issues spread beyond property insurance in Australia

The head of the industry trade body says there is a reputational risk for non-life insurers


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 insurers win second business interruption test case

A Federal Court found in favour of insurers in eight of the nine issues examined


Economic losses from nat cats could double for Australian insurers by 2060

Deloitte Access Economics examines the impact of climate change-related disasters on Australia


IAG loses CRO to local bank

David Watts will leave non-life firm early in 2022