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Analysis

PI pullout chips away at building industry’s foundations

24 June 2019

The thousands of building surveyors, certifiers or construction industry operators who are required by regulation to have professional indemnity (PI) insurance are facing a dilemma that may well force them out of business...

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Industry banana skins: digital slip-ups loom large

17 June 2019

Last week diversified insurance provider Insurance House was forced to shut down its online systems for a lengthy period while it dealt with a highly sophisticated malware attack. While no client data was compromised, the company says the episode is a reminder how challenging the cyber threat can be...

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The things that make a good insurance CEO

11 June 2019

What makes a successful insurance company chief executive? According to the media pundits and market analysts, extensive insurance experience is at the top of the list…

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ACCC’s northern inquiry: treading water and diving down rabbit holes

3 June 2019

The Australian Competition and Consumer Commission’s sprawling inquiry into soaring premiums in the country’s north is yet to really get to grips with the problem, even as it moves towards the business end of its three-year probe…

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Why 5G spells danger for insurers

27 May 2019

Swiss Re’s annual analysis of emerging risks with the potential to have major impacts on insurers includes some of the usual suspects – climate change and the state of the global economy among them…

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Wobbly lines: the market’s key trouble spots

20 May 2019

Capacity constraints continue to bedevil a number of business classes as insurers try to improve their bottom lines and back out of difficult markets…

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Avoiding economic disaster: the true value of insurance

13 May 2019

We see plenty of good news stories showing how insurance companies help get individual homeowners or businesses back on their feet following a natural catastrophe…

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Lloyd’s plots a course through troubled waters

6 May 2019

Lloyd’s has faced some home truths and presented a vision for change in its bid for a more prosperous future, after a few years it might rather forget…

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Designed to help: AI and the rise of the ‘cobots’

29 April 2019

Artificial intelligence and robotics are changing the world, and the insurance industry had better change with it…

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Rise of the ‘secondary’ nat cat threat

15 April 2019

Losses aside, last December’s near $1.2 billion hailstorm in Sydney has a far more chilling message for Australian insurers: better get used to it…

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SME survey: brokers confront their trust issues

8 April 2019

Brokers have received some tough feedback in the latest Vero SME Insurance Index, with declining trust levels and small businesses increasingly buying cover from the direct market…

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Seeking the final word on consumer advice

1 April 2019

The Australian Securities and Investments Commission report on consumer confusion around general and personal advice is another step towards solving a problem that continues to cause angst…

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Is climate change causing slow-motion cyclones?

25 March 2019

Global warming is changing our weather in so many ways – but one of the most concerning is its impact on cyclones…

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No holding back: it’s tech time for brokers

18 March 2019

Brokers are set to adopt technological innovation at a faster pace than has so far been experienced so far as the relatively buoyant insurance market provides them with a stronger foundation for investment…

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Long road ahead on consumer reforms

11 March 2019

There’s little dispute that standard cover arrangements aren’t much help to consumers trying to choose between policies, but responses to a Treasury discussion paper show that finding a better way forward will not be simple…

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Deciphering Hayne’s code with legal teeth

4 March 2019

General insurance was an early adopter of the code-of-practice concept, which basically allowed the industry to set standards and self-regulate…

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Full disclosure: The Hayne fallout continues

25 February 2019

The ramifications of the Hayne royal commission are still becoming clear three weeks after the release of its final report…

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‘Tricky tactics’ in the Townsville blame game

18 February 2019

A cold realisation is seeping out of north Queensland as Townsville begins its recovery from its unprecedented floods – most inundated businesses did not insure for flood and could be facing ruin as a result…

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Hayne report: a jolt for the industry, but few shocks

11 February 2019

The dust is still settling after the Hayne royal commission’s final report swept over the financial services industry, but now that everyone has had a chance to stand back and consider the results, the consensus is that few of the findings were unexpected…

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Industry barometer: leaning into the headwinds

4 February 2019

Commercial premiums climbed at a greater pace than expected last year and are set for further gains, according to a relatively positive JP Morgan Taylor Fry General Insurance Barometer…

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