NSW floods claims jump 20%, clean up and recovery expected to be long-term
May 28 2025 by Andrew Mullen
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‘Recovery doesn’t happen overnight’: NSW floods claims top 7,000
- May 29
Claims related to the Mid North Coast and Hunter Regions floods have risen to 7,014 on Thursday, up from 6,109 on Wednesday.
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Philippines’ insurance penetration grows to 1.89% in Q1 2025: IC
- May 22
The Insurance Commission attributed the improvement to the faster premium growth, with the non-life NWP rising 19.3% to US$365m, mostly supported by the motor and fire lines.
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Australian competition watchdog clears IAG’s RACQ acquisition
- May 22
ACCC said Suncorp, Allianz and QBE, and newer entrants such as Youi, Auto & General, and Hollard will continue to compete in Queensland.
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‘One-in-500-year’: ICA declares NSW flooding a significant event
- May 21
Event may be escalated to an insurance catastrophe if there is a significant increase in claim numbers or complexity, the Insurance Council of Australia (ICA) says.
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HSBC Asset Management | China’s underestimated innovation capability – AI and beyond
DeepSeek’s breakthrough in artificial intelligence (AI) has gained a considerable amount of investor attention, lifting sentiment towards Chinese assets. We believe China’s innovation ability is not limited to AI.
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Beazley | Turbulent Waters: the maritime energy transition challenge
Businesses are facing a complex transition to non-carbon energy sources amid a push to achieve net-zero emissions for the marine sector by 2050.
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Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
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Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
