Posts Tagged ‘Australia’



April 15th, 2019

The Transformation of Australian and New Zealand Life Insurance

Posted at 9:00 PM ET

matthew_rose_01The life insurance industry in Australia is facing unprecedented challenges from forces within and from the effects of an increasingly globalized economy. As life industry profitability has declined in Australia in recent years, the underlying manufacturing business model is rapidly changing, according to Matthew Rose, Managing Director, Guy Carpenter.

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February 26th, 2019

First Singapore Catastrophe Bond Sets Stage for ILS Expansion in Asia-Pacific

Posted at 8:15 PM ET

The first catastrophe bond has been issued out of Singapore. This highlights the potential of the insurance- linked securities (ILS) market in the region, and is aligned with the city-state’s efforts to establish itself as a global hub for Asian risk transfer. The bond is sponsored by Insurance Australia Group (IAG) as part of its 2019 catastrophe aggregate reinsurance cover and represents the first such transaction by the company.

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December 28th, 2018

Sydney Hailstorms, December 20, 2018

Posted at 8:49 PM ET

australia-hail-small1A severe convective storm affected large parts of New South Wales, including Sydney, the Central Coast and Wollongong from 4:00 to 7:00 pm on December 20, 2018. The storm generated large hail, damaging winds and flash flooding in many areas of the state. According to the Australian Bureau of Meteorology (BOM), there were ground reports of hail of 8 cm diameter in Berowra Heights in Sydney’s north and similar size hail in Casula and Liverpool in the city’s southwest.  The Nattai National Park west of Picton also experienced large hail. Initial damage reports indicated that the suburbs of Berowra Heights, Hornsby, Liverpool, Gosford and Lithgow were the most severely affected. Given that the event occurred during the Christmas holidays, many residents and businesses have not fully assessed the extent of damages; therefore, loss estimates are expected to increase in the next few weeks.

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December 17th, 2018

Global Insurance Prices Rise for Fourth Consecutive Quarter

Posted at 1:00 AM ET

dean_kisura_hsDean M. Klisura President, Global Placement and Specialties, Marsh

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Trends in property and financial and professional lines of coverage drove average commercial insurance prices higher for the fourth consecutive quarter, according to the most recent Marsh Global Insurance Market Index. Global commercial insurance prices tracked in the index rose, on average, more than one percentage point in the third quarter of 2018.

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December 12th, 2018

14 Shades of Risks: Navigating the Risk Landscape in Asia-Pacific

Posted at 1:00 AM ET

14shades_thumbnailThe Asia-Pacific region (APAC) has become the world’s primary driver of global economic growth.

While often referred to as one economic bloc, the Asia-Pacific region is home to countries and territories that are vastly different from each other in terms of demographics, economic development stages, political institutions and cultures. This regional heterogeneity translates to a diversified set of risk concerns in different countries and territories.

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November 7th, 2018

Recent Thought Leadership from Guy Carpenter – Asia Pacific Focus

Posted at 1:00 AM ET

Here we present a recap of recent thought leadership from Guy Carpenter focusing on important insurance and reinsurance topics in Asia Pacific.

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October 30th, 2018

The Transformation of Australian and New Zealand life insurance - GC@SIRC Commentary

Posted at 8:00 PM ET

matthew_rose_01Matthew Rose, Managing Director

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  • Foreign companies are seeking the long-term growth opportunities that the Australian market offers
  • Insurers are gaining understanding of the significance of efficient and dynamic restructuring of their capital
  • Regular discussions ensure that covers are properly structured to reflect current risk/capital needs

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August 15th, 2018

Global Insurance Prices Rise for Third Consecutive Quarter

Posted at 1:00 AM ET

dean_kisura_hsDean M. Klisura President, Global Placement and Specialties, Marsh

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Global commercial insurance prices rose, on average, in the second quarter of 2018, marking a third consecutive quarter of increases, according to the most recent Marsh Global Insurance Market Index. The increase in the index was driven largely by pricing for property and financial and professional insurance lines. Continue reading…

November 2nd, 2017

Asia Pacific Catastrophe Report 2017: Executive Summary: Protection Gap and Convergence Capital

Posted at 4:00 AM ET

cover-thumb1The proportion of losses uninsured in the Asia Pacific region remains high. For example, examination of this year’s major landfalling typhoons in China shows a wide discrepancy between economic and insured losses.

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