Local

Rebound expected after COVID set back: Optima

25 October 2021

Australian insurers’ profitability is set to improve this financial year, while remaining below targeted levels, after the COVID-19 pandemic wiped out a rebound expected in the prior period, the annual Finity Optima report says...

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Corporate

Zurich declines comment on sale report

25 October 2021

Zurich has tapped Goldman Sachs and PwC to assist with a potential sale of its Australian general insurance division, excluding the travel business, according to a newspaper report last week...

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Regulatory & Government

APRA looking for 'protection gap' answers

25 October 2021

The Australian Prudential Regulation Authority says insurance accessibility and affordability challenges for parts of the community are likely to be exacerbated by increases in the frequency and severity of natural catastrophes, and the issue is a key focus...

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Life Insurance

The Professional

Insurtech

Insurance innovates despite COVID

25 October 2021

The Australian insurance industry is continuing to innovate despite the adversity of COVID and one of the most turbulent times in its history, Hollard-backed Kanopi Cover says...

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International

Europe rates set to harden further: Munich Re

25 October 2021

Munich Re has predicted reinsurance rates in Europe are expected to trend higher at the upcoming January renewal season, citing a number of factors such as major losses from extreme flooding on the continent and a rise in weather events in affected regions...

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Analysis