Insurance Business Canada

Insurance Business Canada caters to modern insurance brokers and advisors. It aims to deliver relevant and easy-to-understand guidance specifically designed for Canadian insurance professionals. Given the ever-evolving landscape of the insurance sector—driven by new regulations and major global events—it is crucial for these professionals to stay informed about industry trends and effective business strategies to adapt to these shifts.

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China’s electric vehicle boom rewires the motor insurance market

1 day ago | insurancebusinessmag.com | Roxanne Libatique

Motor & Fleet By Jun 27, 2025 Share Electric vehicle (EV) sales in China reached 11.3 million units in 2024, marking a 39.5% increase from the previous year, according to an analysis by TradingPedia using data from the European Automobile Manufacturers’ Association and the International Energy Agency. This volume represented nearly half of all new vehicle registrations in the country, reinforcing China’s position at the forefront of the global EV transition.
Singapore leaders overestimate cyber readiness amid rising threats

1 day ago | insurancebusinessmag.com | Roxanne Libatique

Cyber By Jun 27, 2025 Share A recent report by specialist insurer Beazley has identified a growing gap between executive confidence in cyber resilience and the actual complexity of emerging threats in Asia, particularly in Singapore.
Cheche’s Lei Zhang maps future of EV insurance in China

1 day ago | insurancebusinessmag.com | Roxanne Libatique

Motor & Fleet By Jun 27, 2025 Share In April, Cheche Group has formalised a partnership with Wuhu Jetour Automobile Sales Co Ltd, a subsidiary under Chery Holding Group, to embed its digital insurance services into Jetour’s vehicle sales channels and post-purchase customer experience. The initiative forms part of a broader movement within China’s automotive industry to integrate insurance into the lifecycle of electric and connected vehicles.
APRA targets risk with new forms and capital overhaul

1 day ago | insurancebusinessmag.com | Roxanne Libatique

Insurance News By Jun 27, 2025 Share The Australian Prudential Regulation Authority (APRA) has released new electronic forms designed to support compliance with upcoming obligations under Prudential Standard CPS 230 on operational risk management. The release is part of a broader regulatory agenda, including proposed reforms to capital requirements for annuity providers.
Tariff shocks prompt insurance rethink for Aussie trade creditors

1 day ago | insurancebusinessmag.com | Roxanne Libatique

SME By Jun 27, 2025 Share Australian trade creditors are being advised to review their risk exposure to tariffs and supply chain disruptions as insolvency rates continue to rise. In a recent feature for the Australian Institute of Credit Management (AICM), Lockton’s Sam Rodda outlined a series of steps credit professionals can take to adjust their strategies in response to ongoing global trade uncertainty.
Suncorp employees lead community projects

1 day ago | insurancebusinessmag.com | Roxanne Libatique

Insurance News By Jun 27, 2025 Share As part of its ongoing environmental, social, and governance (ESG) efforts, Suncorp Group is spotlighting the role of its employees in contributing to community initiatives during June’s Workplace Giving Month. The insurer’s workplace giving program, branded as “Collective Giving,” has supported staff in engaging with charitable causes through matched donations and company-supported volunteering time.
Heaters and holidays spark house fire warning from AAMI

1 day ago | insurancebusinessmag.com | Roxanne Libatique

Property By Jun 27, 2025 Share With school holidays approaching and colder weather setting in, Suncorp Group’s AAMI is warning of an increase in household fire risks, urging homeowners to take basic preventative steps. AAMI reported receiving over 750 home insurance claims related to fires between January and May 2025.
Leadership shift as Suncorp appoints new board chair

1 day ago | insurancebusinessmag.com | Roxanne Libatique

Insurance News By Jun 27, 2025 Share Suncorp Group has announced a planned leadership change, with current chair Christine McLoughlin AM (pictured right) set to retire from the board after the company’s annual general meeting (AGM) scheduled for Sept. 25. Non-executive director Duncan West has been named her successor and will assume the role of Chair immediately following her departure. McLoughlin joined the board in 2015 and has served as chair since 2018.
Rising claims disputes expose risks of missteps and misstatements

1 day ago | insurancebusinessmag.com | Roxanne Libatique

Insurance News By Jun 27, 2025 Share – increasing disputes tied to policy misunderstanding and the consequences of inaccurate claims disclosures. In one case, a couple’s motor vehicle insurance policy was cancelled after their claim was found to contain misrepresentations regarding the nature and timing of the damage. The case was brought to the IFSO, which upheld the insurer’s decision to both decline the claim and void the policy.
New partnership expands travel cover options for New Zealanders

2 days ago | insurancebusinessmag.com | Roxanne Libatique

Travel By Jun 27, 2025 Share Southern Cross Travel Insurance (SCTI) has entered into a partnership with Kiwi Holiday Insurance (KHI) that will see SCTI assume responsibility for underwriting, claims management, and emergency assistance services for KHI policies starting Dec. 15. The collaboration brings together SCTI’s long-standing underwriting and operational framework with KHI’s online-first insurance distribution model.