Suncorp earnings drop after natural disasters, GWP surges – Corporate – Insurance News

Suncorp net profit dropped 34% to $681 million last financial year as the company battled natural catastrophes and volatile investment markets, while the group reported record second-half gross written premium (GWP) growth. CEO Steve Johnston says despite the challenging environment momentum was maintained, margins improved in the face of rising inflation and the company is …

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“Do not buy tickets on social media”

Football fans are urged not to buy tickets on social media ahead of the new season as two fans reveal how they were scammed by clever scammers. At the start of the Premier League last weekend, fans were warned of a possible rise in football ticket fraud. Data from Lloyds Bank earlier this week showed …

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APRA outlines insurance focus areas in corporate plan – Regulatory & Government – Insurance News

The Australian Prudential Regulation Authority (APRA) released today its Corporate Plan for 2022/23, covering its focus areas in the four-year period to 2025/26 including for insurance. The Corporate Plan says the general insurance industry remains well capitalised despite the impact of significant weather events but notes there are increasing challenges with sourcing insurance for certain …

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