insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2019 PI pullout chips away at building industry’s foundations https://www.insurancenews.com.au/analysis/pi-pullout-chips-away-at-building-industrys-foundations https://www.insurancenews.com.au/analysis/pi-pullout-chips-away-at-building-industrys-foundations 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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Mon, 24 Jun 2019 13:57:00 +1000
Industry banana skins: digital slip-ups loom large https://www.insurancenews.com.au/analysis/industry-banana-skins-digital-slip-ups-loom-large https://www.insurancenews.com.au/analysis/industry-banana-skins-digital-slip-ups-loom-large 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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Mon, 17 Jun 2019 13:43:00 +1000
The things that make a good insurance CEO https://www.insurancenews.com.au/analysis/the-things-that-make-a-good-insurance-ceo https://www.insurancenews.com.au/analysis/the-things-that-make-a-good-insurance-ceo 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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Tue, 11 Jun 2019 12:16:00 +1000
ACCC’s northern inquiry: treading water and diving down rabbit holes https://www.insurancenews.com.au/analysis/acccs-northern-inquiry-treading-water-and-diving-down-rabbit-holes https://www.insurancenews.com.au/analysis/acccs-northern-inquiry-treading-water-and-diving-down-rabbit-holes 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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Mon, 03 Jun 2019 13:25:00 +1000
Why 5G spells danger for insurers https://www.insurancenews.com.au/analysis/why-5g-spells-danger-for-insurers https://www.insurancenews.com.au/analysis/why-5g-spells-danger-for-insurers 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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Mon, 27 May 2019 12:18:00 +1000
Wobbly lines: the market’s key trouble spots https://www.insurancenews.com.au/analysis/wobbly-lines-the-markets-key-trouble-spots https://www.insurancenews.com.au/analysis/wobbly-lines-the-markets-key-trouble-spots 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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Mon, 20 May 2019 12:16:00 +1000
Avoiding economic disaster: the true value of insurance https://www.insurancenews.com.au/analysis/avoiding-economic-disaster-the-true-value-of-insurance https://www.insurancenews.com.au/analysis/avoiding-economic-disaster-the-true-value-of-insurance 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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Mon, 13 May 2019 12:29:00 +1000
Lloyd’s plots a course through troubled waters https://www.insurancenews.com.au/analysis/lloyds-plots-a-course-through-troubled-waters https://www.insurancenews.com.au/analysis/lloyds-plots-a-course-through-troubled-waters 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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Mon, 06 May 2019 11:47:00 +1000
Designed to help: AI and the rise of the ‘cobots’ https://www.insurancenews.com.au/analysis/designed-to-help-ai-and-the-rise-of-the-cobots https://www.insurancenews.com.au/analysis/designed-to-help-ai-and-the-rise-of-the-cobots Artificial intelligence and robotics are changing the world, and the insurance industry had better change with it…

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Mon, 29 Apr 2019 12:21:00 +1000
Rise of the ‘secondary’ nat cat threat https://www.insurancenews.com.au/analysis/rise-of-the-secondary-nat-cat-threat https://www.insurancenews.com.au/analysis/rise-of-the-secondary-nat-cat-threat 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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Mon, 15 Apr 2019 11:44:00 +1000