Industry associations Archives - InsuranceAsia News https://insuranceasianews.com/industry_segments/industry-associations/ Tue, 09 Dec 2025 09:00:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Queensland, New South Wales hail claims top Halloween Hailstorms https://insuranceasianews.com/queensland-new-south-wales-hail-claims-top-halloween-hailstorms/ Fri, 05 Dec 2025 04:24:42 +0000 https://insuranceasianews.com/?p=206149 Suncorp has responded to more than 6,500 vehicle claims following the severe weather event.

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Claims from the severe hail and intense storms that swept across southeast Queensland and large parts of New South Wales last month have exceeded the count from the Halloween Hailstorms that impacted ...

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]]> ICA extends insurance cat declaration to across Queensland, New South Wales https://insuranceasianews.com/ica-extends-insurance-cat-declaration-to-across-queensland-new-south-wales/ Fri, 28 Nov 2025 06:14:44 +0000 https://insuranceasianews.com/?p=205622 Insurers have received more than 44,600 claims for Cat 255, or the 'Qld and NSW Severe Storms and Hail'.

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The Insurance Council of Australia (ICA) has extended the dates and postcodes of the severe storm and hail activity that has impacted Queensland and New South Wales over the past week to include all p...

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]]> Claims top 27,000 after giant hail battered Queensland, New South Wales https://insuranceasianews.com/claims-top-27000-after-giant-hail-battered-queensland-new-south-wales/ Wed, 26 Nov 2025 05:24:56 +0000 https://insuranceasianews.com/?p=205391 Insurance Council of Australia declared an insurance catastrophe after thousands of homes were left without power and residents suffered damage to property. 

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Insurers have received more than 27,800 claims following the severe hailstorms that impacted southeast Queensland and northern New South Wales on Sunday and Monday, according to the Insurance Council ...

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]]> ICA declares insurance catastrophe after giant hail batters Queensland https://insuranceasianews.com/ica-declares-insurance-catastrophe-after-giant-hail-batters-queensland/ Tue, 25 Nov 2025 04:31:41 +0000 https://insuranceasianews.com/?p=205307 Insurers are also 'closely monitoring and prioritising' claims from the Northern Territory and Western Australia following Tropical Cyclone Fina.

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The Insurance Council of Australia (ICA) has declared an insurance catastrophe after a severe hailstorm and high winds battered southeastern Queensland on Sunday and Monday.
In the statement, the ICA ...

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]]> ICNZ welcomes move to leave natural hazards levy unchanged https://insuranceasianews.com/icnz-welcomes-move-to-leave-natural-hazards-levy-unchanged/ Thu, 20 Nov 2025 05:45:34 +0000 https://insuranceasianews.com/?p=205052 The levy, collected by insurers on behalf of the government, helps ensure the Natural Hazards Commission (NHC) is funded to provide basic cover for natural disasters such as earthquakes, landslides and flooding.

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The Insurance Council of New Zealand (ICNZ) has welcomed the government’s decision to leave the Natural Hazards Commission (NHC) levy unchanged, amid ongoing concerns around the cost-of-living.
The le...

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]]> Australia’s cyclone pool ‘needs greater focus on climate resilience and mitigation’: ICA https://insuranceasianews.com/australias-cyclone-pool-needs-greater-focus-on-climate-resilience-and-mitigation-ica/ Thu, 13 Nov 2025 06:24:42 +0000 https://insuranceasianews.com/?p=204472 Industry group says pool has contributed to reducing pressure on insurance premiums in northern Australia, but not directly reduce underlying extreme weather risk.

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Australia’s cyclone reinsurance pool (CRP) needs a greater focus on climate resilience and mitigation to put sustainable downward pressure on insurance costs, the Insurance Council of Australia has to...

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]]> Australia’s criminal code amendment ‘an important step’, ARPC CEO says https://insuranceasianews.com/australias-criminal-code-amendment-an-important-step-arpc-ceo-says/ Tue, 11 Nov 2025 04:49:48 +0000 https://insuranceasianews.com/?p=204328 Update ensures 'Australia’s terrorism insurance framework keeps pace with the changing nature of the terrorism risk', Christopher Wallace says.

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Australian Reinsurance Pool Corporation (ARPC) chief executive Christopher Wallace has welcomed the passing of the Criminal Code Amendment (State Sponsors of Terrorism) Bill 2025 by the Australian gov...

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]]> SOS: insurers fear Net-Zero Framework delay will send decarbonisation progress off course https://insuranceasianews.com/sos-insurers-fear-net-zero-framework-delay-will-send-decarbonisation-progress-off-course/ Thu, 30 Oct 2025 23:30:24 +0000 https://insuranceasianews.com/?p=203161 International Maritime Organization's framework was approved in April and was expected to be formally adopted at a special meeting in London earlier this month.

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Marine insurers have described the decision by delegates at the International Maritime Organization (IMO) to postpone the ratification of its Net-Zero framework (NZF) as a "missed opportunity" and a "...

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]]> ICA declares ‘significant event’ in Queensland after severe hailstorms https://insuranceasianews.com/ica-declares-significant-event-in-queensland-after-severe-hailstorms/ Tue, 28 Oct 2025 06:34:20 +0000 https://insuranceasianews.com/?p=203019 The hailstorms in the greater Brisbane region on Sunday have led to over 11,000 claims so far, the industry lobby said.

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The Insurance Council of Australia (ICA) has declared the hailstorm in Queensland on Sunday to be a significant event for the industry, triggering its preliminary catastrophe processes.
In an update o...

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]]> London market seeks global collaboration to address emerging risks https://insuranceasianews.com/london-market-seeks-global-collaboration-to-address-emerging-risks/ Mon, 20 Oct 2025 23:30:57 +0000 https://insuranceasianews.com/?p=202324 There is a continuous need to monitor and adapt to threats arising from geopolitical unrest, climate extremes, rapid advances in artificial intelligence, malicious cyber-attacks and litigation trends that outpace regulation, according to IUA's underwriting director.

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The International Underwriting Association has said that it is seeking to collaborate with Asian insurance and reinsurance associations to tackle the wave of emerging risks which are threatening the m...

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