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Australia tag returned 513 results

  • 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
  • Australia: Report says consumer protection in superannuation has been weakened

    Successive governments have provided dozens of regulatory carve-outs and concessions to products, benefitting banks and other retail super providers for more than a decade, according to a new report released this week by the Australian Institute of Superannuation Trustees (AIST).

    Asia | 05 Dec 2018
  • Australia: Property insurance pricing penalises loyal customers

    The NSW Emergency Services Levy Insurance Monitor, Professor Allan Fels, has revealed that consumers who renew a home and contents insurance policy with their existing insurer are paying more than new policyholders.

    Asia | 30 Nov 2018
  • Cyber risk insider threats 'under-reported'

    An IT expert says insider threats appear to be under-reported in data collated by the Office of the Australian Information Commissioner (OAIC).

    AIRPlus | 28 Nov 2018

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