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Australia tag returned 516 results

  • Australia: Insurers seek to limit exposure in northern region

    The insurance market in Northern Australia exhibits an unusual competitive dynamic: insurers are not actively trying to win market share in some high risk areas in the region, but are instead seeking to deter customers and limit their exposure by raising premiums, leading to soft competition, according to a report by the Australian Competition and Consumer Commission (ACCC). Markets at the regional level were also found to be highly concentrated.

    Asia | 19 Dec 2018
  • RACQ and SSP partner up to create digital insurance platform in Australia

    Queensland's RACQ has successfully implemented and gone live with SSP's digital 'as a service' platform as it pursues its affinity partnership insurance strategy.

    AIRPlus | 18 Dec 2018
  • Australia: Mortality rates affect voluntary buying of retirement products

    People who know they will live longer are more likely to acquire annuities, according to a study by actuaries who calculated mortality rates among Australians who use annuities.

    Asia | 17 Dec 2018
  • Australia: QBE expects higher profitability in 2019 despite headwinds

    Australia's largest global insurer QBE has warned that its profits will see "headwinds" of around $50m-$100m in 2019. Nevertheless, the company remains confident of achieving an improved combined operating ratio and higher overall profitability in 2019 compared with 2018, underpinned by the premium rate increases, expected ongoing improvement in the Group's attritional claims ratio and the recently commenced efficiency programme.

    Asia | 13 Dec 2018
  • Australia: Many seniors may be ill-prepared for retirement

    Two thirds (64.7%) of Australian seniors worry that with age comes poverty, with almost half (49.2%) not trusting the system to look after them in retirement, according to the Ageing Perceptions Report by the Australian Seniors Insurance Agency.

    Agents | 12 Dec 2018
  • Australia: 2 in 3 oppose life premium subsidy for those with adverse genetic test results

    Almost two thirds (61%) of Australian adults say they are unwilling to pay any extra life insurance premiums to subsidise people who have had an adverse genetic test result, according to findings of a survey published by the Financial Services Council (FSC).

    Asia | 12 Dec 2018
  • Australia: Call for productivity inquiry into private health insurance

    Several health and consumer organisations are urging the federal government to launch a Productivity Commission inquiry into private health insurance, saying Australians are facing high costs, poor value and increasing complexity.

    Asia | 11 Dec 2018
  • Australia: Proposed Bill improves retirement incomes

    A Bill on retirement incomes will mean that pensioners who work will be able to keep more of their pension while the self-employed will be eligible for the Pension Work Bonus for the first time.

    Asia | 10 Dec 2018
  • Australia: Insurers face environmentalists' pressure on coal projects

    Thirty global insurance companies have been called upon to publicly rule out any insurance services for Indian mining multinational Adani's coal mine and associated rail project in Queensland -- in light of its potential climate, social, and broader environmental impacts.

    Asia | 07 Dec 2018
  • Unprecedented action from insurers puts coal industry under pressure

    Insurance companies are taking unprecedented action against the coal industry, ending insurance for coal companies, mines and power plants and excluding coal from $6tn of investments

    AIRPlus | 06 Dec 2018

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