Breaking News  

17 August 2022 09.40 AEST

Steadfast to acquire Insurance Brands Australia

17 August 2022

Steadfast Group has entered into an agreement to acquire Insurance Brands Australia (IBA) for $301 million, the company said today...

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Local

Corporate

IAG pushes through rate rises as inflation bites

15 August 2022

IAG is pushing through rate increases across its motor and home lines, in some instances by up to 11%, giving the insurer confidence that it has a “good handle” on mitigating the inflation challenge that is affecting the Australian and global economy...

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Regulatory & Government

ASIC looking to improve breach regime after challenges

15 August 2022

The Australian Securities and Investments Commission is looking to improve the breach reporting regime’s operation after challenges since its introduction, while it has also flagged future consultation on public reporting of licensee-level information...

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Life Insurance

The Professional

Insurtech

'Don’t know': blockchain poorly understood in insurance

15 August 2022

More than a fifth of 352 global executives surveyed by GlobalData said blockchain was “all hype and no substance” and rated it less use to the insurance industry than augmented reality, internet of things, 5G, cloud computing, cybersecurity and artificial intelligence technologies...

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International

Analysis