by AIP Online Bureau | Mar 19, 2025 | Articles, Banking & Bancassurance, Non-Life, Regulation, Reinsurance, Risk Management, Technology
Insurers are increasingly introducing innovative, customer-centric solutions to meet evolving consumer needs. For example, ‘pay-as-you-use’ home insurance allows coverage for specific periods, such as 10 days when homeowners are away on a trip, this can also be...
by AIP Online Bureau | Sep 21, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life
At the core of the problem is an increase in the severity of disasters exacerbated by climate change and the damage they wreak. Until now, state regulations that cap increases in insurance premiums and subsidized insurer-of-last-resort programs have hidden the...
by AIP Online Bureau | Aug 15, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Median home insurance premiums surged 28% to A$1,894 ($1,240) in the year to March 31, according to a report released Monday by the Actuaries Institute. Premiums in the highest-risk properties — such as those in flood or bushfire-prone areas — shot up 50%, it said...
