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Allianz first up as Hayne turns to general insurance

17 September 2018

Allianz this afternoon became the first general insurer to face the Hayne royal commission as Chief GM Retail Distribution Michael Winter was questioned about “incorrect and misleading statements” regarding travel insurance on its website…

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PDS and key facts sheets? Useless, say researchers

17 September 2018

Product disclosure statements and key fact sheets are not helping consumers choose the best insurance cover, according to a study commissioned by the Financial Rights Legal Centre…

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Insurers hit back at brokers over claims criticism

17 September 2018

Insurers have labelled as “scattergun” and “extremely disappointing” brokers’ allegations that poor claims experience is becoming more common in the industry…

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Australian cyber market growth to outpace global expansion

17 September 2018

Growth in Australia’s cyber insurance market is expected to surge over the next few years, outpacing the expected trajectory for almost all developed countries, Aon says in a quarterly update…

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Industry ‘not ready’ for new accounting standards

17 September 2018

Australian insurers and their overseas peers are running out of time to prepare for the transition to two new global accounting standards that will come into effect in 2021, KMPG says…

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Major agencies involved in tsunami exercise

17 September 2018

A massive exercise simulating a tsunami hitting the coasts of Queensland, NSW, Victoria and Tasmania has illustrated the potential damage that low-lying areas could suffer…

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