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| Celebrating Excellence: Finalists Announced for 21st Australian Insurance Industry Awards 09 Jan 2026: Paige Estritori The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has unveiled the finalists for the 21st Australian Insurance Industry Awards, set to take place on Thursday, 21 August 2025, at the Star Event Centre in Sydney. These prestigious awards honour the outstanding achievements of individuals and organisations across the entire insurance value chain, highlighting the depth of talent, innovation, and dedication within the industry. - read more |
| Allianz Australia Penalised $16.8 Million for Misleading Conduct 09 Jan 2026: Paige Estritori In a significant regulatory action, Allianz Australia and its subsidiary AWP Australia have been fined $16.8 million for making false and misleading statements. The Commonwealth Director of Public Prosecutions imposed the fines following an investigation and referral by the Australian Securities and Investments Commission (ASIC). - read more |
| Suncorp Directed to Reassess 60% Home Insurance Premium Increase 09 Jan 2026: Paige Estritori The Australian Financial Complaints Authority (AFCA) has directed Suncorp to reassess a 60% increase in a customer's home insurance premium after the insurer failed to provide persuasive evidence justifying the hike. This decision comes amid a backdrop of rising complaints about general insurers, with AFCA reporting record levels of grievances. - read more |
| Global Insurtech Investments Halve as AI Adoption Rises 01 Jan 2026: Paige Estritori The global insurtech sector experienced a significant downturn in funding during the fourth quarter of 2024, with total investments plummeting by 50% to US$688.24 million compared to the previous quarter. This decline marks the lowest annual funding level since 2018, with the total for 2024 reaching US$4.25 billion, a 6% decrease from the prior year. - read more |
| Australia's Insurance Market Set to Surpass $144 Billion by 2029 01 Jan 2026: Paige Estritori The Australian general insurance industry is on a trajectory of significant growth, with direct written premiums (DWP) projected to exceed $144 billion by 2029. This forecast, provided by data and analytics firm GlobalData, indicates a substantial increase from the $94.7 billion recorded in 2024, reflecting a compound annual growth rate (CAGR) of approximately 8.8% over the five-year period. - read more |
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