Insurance Review
Insured flood losses hit $5.13m: ICA
The Insurance Council of Australia’s (ICA) latest data released Friday (July 29) show insured losses at $5.13m from the February-March floods have passed Cyclone Tracy’s in 1974, making it Australia’s second most costly extreme weather event – just shy of the 1997 Sydney hailstorm, which caused $5.57m in insured losses.
Keep readingAPRA kicks off prudential overhaul
APRA plans to modernise Australia’s prudential architecture and has started to overhaul its framework, APRA chair Wayne Byres revealed today.
Keep readingWar hits Munich Re Q1 results
The financial consequences from the war in Ukraine and sanctions against Russia have severely affected Munich Re’s first quarter, the reinsurer revealed in its latest results today (May 10).
Keep readingPrivate health insurance in death spiral
Australia’s private health Insurance (PHI) industry urgently needs a rescue plan to stop its death spiral, a Grattan Institute report released today, warns.
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