Insurance

As Victoria’s floods signal the end of FY21, Australia’s general insurers are having to grapple with price pressure on reinsurance as well as heightened competition in some segments

Health insurance claims trends remain benign, suggesting nib Holdings will need to carefully manage expectations around a potential windfall from the pandemic

Just over a year ago it was bushfires, now floods in NSW have put the spotlight once again on the insurance industry

Suncorp Group remains intent on improving returns yet will have its challenges in the face of the cost increases that have stemmed from the pandemic

The UK has taken the first step in clarifying insurance coverage for businesses interrupted by the pandemic. What are the implications for Australia’s insurers?

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead

Suncorp has signalled higher reinsurance costs have made it more economic to retain risk on the balance sheet. Brokers are wary of this, given the number of headwinds confronting insurers.

Fewer health insurance claims have been made while elective surgery is in hiatus but Medibank Private has deflected speculation about a windfall to profits.

Having withdrawn guidance in March, Steadfast Group has moved to reassure investors that earnings momentum is sound.

Claims and property losses in the 2019/2020 bushfires so far have now exceeded the Black Saturday event in 2009 and brokers assess the risks to the outlook for Suncorp, and fellow insurers.