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Australia tag returned 281 results

  • Australia: Largest Aussie insurer expects US$1.2 bln loss for FY2017

    Australia's biggest insurer QBE Insurance Group has sounded a warning that its after-tax loss for 2017 would be about US$1.2 billion, hit by write-downs and Nat CAT costs.

    Asia | 24 Jan 2018
  • Australia: The Internet is top source of life insurance advice

    The Internet has become the most popular source of life insurance advice by Australians, with a heavy reliance on family and friends, and advisers still playing a role for many, according to a study by life insurer NobleOak.

    Asia | 22 Jan 2018
  • Australia: Health insurers submit proposals to ensure affordability

    In order to maintain affordability of private healthcare insurance (PHI) for low and middle income earners and avoid increasing costs in other parts of the health system and economy, the PHI rebate should remain on extras, or ancillary, cover, says Private Healthcare Australia (PHA) which represents health insurers in the country.

    Asia | 19 Jan 2018
  • Australia: Consumer credit insurance refunds amount to around US$100 mln

    The amount of refunds which insurers have been forced to make to customers for the sale of worthless add-on consumer credit insurance has exceeded A$120 million (US$96 million), according to announcements by the Australian Securities and Investments Commission (ASIC).

    Asia | 18 Jan 2018
  • Australia: Six in ten believe businesses have a responsibility to prevent environmental damage

    Six in ten, or 58% of Australians believe businesses have a responsibility to ensure their supply chain does not harm the environment. However, just 41% of business owners and those in senior management share this view, suggesting a gulf of opinion between those at the helm of Australian brands and the wider public.

    Asia Risk | 17 Jan 2018
  • Australia: 2018 health premiums to rise at lowest pace in 15 years

    Insurers are set to raise health premiums this year by the lowest margin in 15 years but the increase would still be double the rate of inflation. The 1 April increase, of an expected less than 4%, will add around A$200 (US$159) a year to a family's health insurance bills.

    Asia | 17 Jan 2018
  • Australia: Insurers to explain premium increases

    Insurance companies would have to explain why policy prices are increased and by how much, in new measures being considered by the federal government.

    Asia | 16 Jan 2018
  • Australia: Insurers tread carefully in D&O business

    Insurance companies are increasing their scrutiny of company boards and adherence to disclosure requirements to weed out bad risks, says broker Aon Australia.

    Asia | 15 Jan 2018
  • Australia: Splitting medical insurance coverage can save money

    A consumer can save some money each year--without compromising the quality of protection--by avoiding combined cover and instead taking out hospital and extras policies with different insurers, according to new analysis by the consumer group Choice.

    Asia | 12 Jan 2018
  • Australia: Govt to reform design & sale of financial products

    The government will be introducing two important reforms for consumers, to ensure Australians are treated fairly and ethically by financial product providers. The Design and Distribution Obligations and the Product Intervention Power will ensure that financial products are targeted and sold to the right consumers.

    Asia | 11 Jan 2018

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