Life insurers can now reissue pre-design and distribution obligations (DDO) policies when reissuing polices in limited circumstances after ASIC provided conditional relief to ease their regulatory burden.
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.
APRA 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.
War 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).
Private 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.
Guy Carpenter launches Asia Pacific catastrophe advisory group
Global risk and reinsurance specialist Guy Carpenter & Co yesterday launched an Asia-Pacific catastrophe advisory group, which will be lead by its Australia and NZ property treaty broking team leader Jeremy Waite.
muzink.com 
You must be logged in to post a comment.