Australia

Insurers’ operating costs have surged—20% for incumbents.

Surge in claims led to an average home insurance premium increase of at least 14%.

Rottweiler owners could save the most by as much as $1,959 per year.

The average car insurance premium across the country is now $1,717.

The Swiss insurer is simplifying coverage to help cut the cost of buying an electric car.

Offering a new-age billing and CRM solution, Gentrack has helped industry leaders in the energy sector meet their ESG demands and maintain a competitive edge.

Affordability stress has surged by 30% over the past year.

It offers an extended range of everyday essentials and an expanded food selection.

Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.

79% of rated Australian insurers have stable rating outlooks.

The market is projected to expand by 5.9% in 2024.

The country’s e-commerce market is anticipated to hit $72.9b by 2028.

Next-generation consumer channels and behaviours are anticipated to shape retail growth trends.

On the other hand, 26% struggle to make healthy choices.

The joint APRA and ASIC review prompts regulatory expectations for Australian life companies.

Investment income is anticipated to remain at elevated levels or potentially improve.