Industry Segments: Industry associations Page 1 / 3
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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.
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- March 12 2026
ICA declares significant event following Northern Territory, Queensland floods
Heavy rain and flash flooding has struck Queensland and the Northern Territory this week.
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- March 11 2026
ICA calls for a review of Australia’s liability laws
Outdated liability laws are pushing up premiums for small businesses, according to the ICA.
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- February 27 2026
Opinion: Australia’s approach to terrorism risk – wilfully perverse?
Australian Reinsurance Pool Corporation purchased a reduced retrocession limit of US$1.48bn with an increased deductible of US$356m for its terrorism retrocession program despite the soft market.
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- February 26 2026
ICA calls for reforms to Australia’s small business insurance market
Small businesses in Australia face 'complex pressures', according to Insurance Council of Australia (ICA) CEO Andrew Hall.
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- February 25 2026
Hong Kong extends pilot ILS grant scheme to 2028
Financial secretary Paul Chan Mo-po announced various moves for the industry in Wednesday's budget speech also including a three-year extension of the programme to enhance talent training for the insurance sector.
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- February 23 2026
James Beedle named chair of Singapore Reinsurers’ Association
He succeeds Kenrick Law, who stepped down from his role of APAC CEO of Allianz Re in December.
