Industry Segments: Industry associations Page 1 / 3
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- June 24 2026
ICA launches consultation on new legally enforceable code of practice draft
Other provisions include automatic claim acceptance for home and motor claims which have not received a decision within a year of filing, and stronger support for vulnerable customers.
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- June 23 2026
‘Time for reform is now’: state budget highlights need for emergency services levy overhaul, ICA says
New South Wales budget showed the levy is forecast to collect over half a billion dollars more from policyholders across the four years to 2029-30 than the government projected.
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- June 19 2026
ARPC taps Cameron Hick as next CUO
He will work alongside current CUO Michael Pennell, who will commence leave on September 14 before retiring on November 27.
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- June 18 2026
LMA welcomes US-Iran deal, but warns of ‘long, complicated’ shipping recovery, as insurer urges caution
Lloyd’s Market Association (LMA) says certain practical steps are required, while Charlie Zheng, co-head of marine for greater China at Markel, says the threat environment will take time to normalise.
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- June 17 2026
Brokers back fire levy review, call insurance funding model an ‘unfair burden’
Insurance Council of New Zealand chief executive Kris Faafoi also says the latest review is a timely and positive step toward ensuring the long-term sustainability of a critical public service.
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- June 12 2026
Berkley Re’s Glen Riddell named chair of Singapore Reinsurers’ Association
Riddell, who succeeds PartnerRe's James Beedle, will be joined by Lloyd’s Asia CEO Emma Loynes as deputy chair.
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- June 5 2026
ICA, ICNZ formally join forces to strengthen community resilence, confidence
- Industry associations
- Australia
- Strategy
- Insurance Council of Australia
- Insurance Council of New Zealand
Resilient Insurance Markets Initiative formalises what has been an informal trans-Tasman relationship into a structured, bilateral commitment.
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- June 3 2026
ICNZ wants fire and emergency levy scrapped, replaced with disaster prevention funding
Insurance Council of New Zealand (ICNZ) says reforms could redirect over US$355m a year into disaster prevention projects.
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- May 26 2026
South Korea’s FTC raids 8 non-life insurers over suspected bid-rigging: report
- Industry associations
- South Korea
- DB Insurance
- Hanwha General Insurance
- KB Insurance
- Meritz Fire & Marine Insurance
- Samsung Fire & Marine
Fair Trade Commission conducted on-site investigations into suspected collusion in bids for corporate group accident insurance policies.
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- May 26 2026
Levies on general insurers risk exacerbating insurance affordability pressures: ICA
Insurance Council of Australia (ICA) argues the general insurance industry should not subsidise misconduct claims by other subsectors of financial services under the Compensation Scheme of Last Resort (CSLR).
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- May 14 2026
Victoria bushfires claims tally hits 4,700 amid ‘long road to recovery’: ICA
January's bushfires were the worst for the insurance industry since the 2019-20 season known as Black Summer.
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- May 11 2026
New Zealand’s Natural Hazard Commission receives almost 200 claims following April storms
Commission says 66% of claims were related to landslide damage, with 34% related to storm and flood damage.
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- April 27 2026
ICA calls on Australian government to establish US$21.6bn flood defence fund
The ICA has made four recommendations to safeguard those vulnerable to extreme flood risk in its submission to an Australian federal inquiry into local government funding.
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- April 21 2026
Australia’s 2025 extreme weather insured losses upped to US$3.4bn, ICA says
Insurance Council of Australia (ICA) says the increase was due to increased costs and further lodged claims.
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- April 8 2026
ARPC cyclone reinsurance pool claim payments surpass AU$1bn
Australian Reinsurance Pool Corporation CEO Christopher Wallace says the milestone highlights the role of the pool in strengthening resilience in cyclone-prone regions and helping reduce the cost of insurance.
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- April 1 2026
Australia’s insurers face claims cost inflation from Iran conflict: ICA
Initial industry data suggests that the war in the Middle East is causing a surge in repair and part replacement costs.
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- March 25 2026
Tropical Cyclone Narelle re-intensifies off WA coast, ARPC declares new event
Narelle2 was declared by the Australian Reinsurance Pool Corporation (ARPC) at 4:00am Australian Eastern Standard Time on Wednesday.
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- March 25 2026
Singapore’s domestic general GWP grows 8.4% to US$4.8bn
Despite a higher claim environment, domestic underwriting profit rose 32% year-on-year to US$226m in 2025.
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- March 24 2026
Widening protection gap presents Australia with systemic financial risk : APRA
- Industry associations
- Australia
- Catastrophe
- Australian Prudential Regulation Authority
- Insurance Council of Australia
One in four households could be uninsured by 2050, according to Australian Prudential Regulatory Authority (APRA) modelling.
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- March 16 2026
Queensland flooding claims top 2,000 as clean-up begins
Major flooding resulted in the inundation of more than 200 properties, evacuations and significant isolation for remote communities.
