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Analysis

The battlefields of 2019

10 December 2018

For the general insurance industry, 2018 has been a year of recovering revenues for insurers and growing uncertainties for brokers. While insurers in Australia have led the world in raising premiums after a long period in the doldrums, brokers are moving into 2019 with the twin threats of competition and hostile regulatory action hanging over them…

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NSW fire services levy: rising from the ashes?

3 December 2018

Reforms to the NSW emergency services levy on insurance were officially “dead, buried and cremated” after last year’s highly controversial decision to scrap them…

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Insuring against failure: the terrorist threat to Australia

26 November 2018

Melbourne’s deadly Bourke Street attack, closely followed by arrests aimed at foiling a separate plot, have reignited the terrorism debate…

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Cycle holds course, but uncertain terrain awaits

19 November 2018

Australian insurers have received an upbeat assessment in KPMG’s annual review of the industry, with profits still rising and the sector well placed to handle fallout from the Hayne royal commission…

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Royal commission submissions: a summary

12 November 2018

The Hayne royal commission website has been flooded with hundreds of submissions in recent days…

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Bracing for conflict on intermediary pay

5 November 2018

The Hayne royal commission has the general insurance industry’s exemption from the ban on conflicted remunerations in its sights…

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Debbie does damage: how insurers became the bad guys

29 October 2018

General insurance has an uneasy reputation with the general public, but it doesn’t often deserve the hammering it takes from so-called expert commentators and current affairs shows…

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Industry results: will the bounce-back fall flat?

22 October 2018

Insurers buoyed by a benign year for catastrophes, rising premiums and subdued claims inflation may find the business outlook is about to become more challenging…

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El Nino looms as a farm-fresh crisis

15 October 2018

Relief for the drought-stricken farming community is unlikely to come any time soon, now an El Nino alert has been issued…

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Climate change: Morrison’s coalition of the unwilling

8 October 2018

Shortly after taking the country’s top job in August, Scott Morrison declared that tackling drought was the “most urgent and pressing need right now” for his government…

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Disclosure rethink gathers steam as commission ponders

1 October 2018

Making people aware of what their insurance policy covers – and just as importantly what it doesn’t – has been a preoccupation of insurers for more than 20 years. All that has been gained is an understanding that legal necessities don’t mix well with the need for simplicity…

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Counting the consequences after a withering week

24 September 2018

As the dust settles from last week’s general insurance hearings at the Hayne royal commission, it’s still too early to know what the long-term impact might be…

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Brokers vs insurers: how the war of words erupted

17 September 2018

When it comes to internecine disagreements, the insurance industry is usually pretty placid. Differences of opinion among the various industry tribes are rare, which made the breakout of hostilities between insurers and brokers over the past week unusual, to say the least…

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Renewed pessimism grips Monte Carlo

10 September 2018

Reinsurers and their insurance customers are gathering in the Mediterranean playground of Monaco for the annual Rendez-Vous de Septembre, but the mood is anything but playful…

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Royal commission: brace for a Hayne crash?

3 September 2018

The long wait is almost over: next week insurance will finally be put under the royal commission spotlight…

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A world on fire

27 August 2018

“What the hell is going on? It’s winter.” These were the words uttered by many NSW Rural Fire Service crews as 80 bushfires ripped through the state this month…

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Earnings scorecard: top three finding their feet

20 August 2018

The big three of Australian insurance appear to have their mojos back after below-par pricing growth and above-normal natural catastrophe losses over the past few years…

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Dive In to help bring change

13 August 2018

The Lloyd’s diversity and inclusion festival, Dive In, is getting bigger by the year…

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Brand transparency – or clear as mud?

6 August 2018

Information overload could well be the insurance industry’s fate if Canberra takes up one of the key suggestions in the Productivity Commission’s final competition report…

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Mutual disagreement

30 July 2018

Insurance is a complicated business, and sometimes it’s even more complicated. Take for example last week’s report by the Victorian Auditor-General, Andrew Greaves, who has questioned the value councils are getting from mutual insurance schemes…

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