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Showing 1 - 10 of 41 results for "General Insurers"

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... aggressive. Level premiums also have seen their base rates lift by 10%-20% right across the board, Birt said. Among general insurers, an analysis by KPMG calculates providers' profit jumped 42% to $4.95 billion in 2022, largely dictated by higher premiums. ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... and Prudential Standard CPS 232 Business Continuity Management (CPS 232) that apply to ADIs, life insurers and general insurers, the equivalent superannuation standards Prudential Standard SPS 231 Outsourcing (SPS 231) and Prudential Standard SPS 232 ...

Still potential for dividends growth: Ausbil

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
... on average, but there will be big variances across sectors. We expect double-digit growth for financials and general insurers, but we think resource dividends have peaked and we expect them to be 10% lower on average, though select resource names will ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
... than 300,000 disputes, an average of 200 complaints per day, over the past four years. AFCA explained banks, general insurers, credit providers, super fund trustees and or advisers as well as underwriting agencies generate the most complaints. The one-stop-shop ...

APRA reinforces capital call expectations

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
... create an expectation that a call will be exercised." "In line with the existing prudential standards, ADIs, general insurers and life companies generally should not call an Additional Tier 1 Capital or Tier 2 Capital instrument and replace it with an ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... business strategy practices. This includes addressing deficiencies identified in self-assessments undertaken by general insurers and embedding new capital requirements for private health insurers. It will maintain focus on promoting the sustainability ...

Allianz names new investment chief

ELIZABETH FRY  |  TUESDAY, 14 JUN 2022
... role in growing and diversifying our investments in the region." Allianz is one of the country's largest general insurers in Australia, with an investment portfolio of around $10 billion.

817 super complaints during COVID-19

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
... claim (728) or denial of claim exclusion or condition (720) were the most common reasons for people complaining. General insurers accounted for 41% of complaints and credit card companies made up 35% of complaints. Just 14% of complaints were directed ...

Investment consultant adds to insurance team

ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
... portfolio and expand our capabilities for the benefit of the Australian insurance market, including life and general insurers. "Our insurance strategy will focus on enhancing our support for clients through investment strategy, asset allocation and manager ...

Australian Unity rejigs executive lineup

KANIKA SOOD  |  TUESDAY, 7 JUL 2020
... what is already a sizeable market. A number of large Australian super funds, implemented asset consultants and general insurers have all expressed interest in green debt markets," Bovingdon said. Crestone Wealth Management chief executive Michael Chisholm ...
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