insuranceNEWS.com.au http://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2018 Insurtechs draw record investment http://www.insurancenews.com.au/international/insurtechs-draw-record-investment http://www.insurancenews.com.au/international/insurtechs-draw-record-investment A record $US2.1 billion of venture capital was invested in insurtechs last year, while the number of deals hit a new high of 247, according to KPMG…

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Mon, 19 Feb 2018 14:19:00 +1100
Ethnic minorities ‘quoted more for UK car cover’ http://www.insurancenews.com.au/international/ethnic-minorities-quoted-more-for-uk-car-cover http://www.insurancenews.com.au/international/ethnic-minorities-quoted-more-for-uk-car-cover People with names common among ethnic minorities have been quoted more to insure their cars in the UK, according to two media investigations…

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Mon, 19 Feb 2018 14:19:00 +1100
Nat cat record drags down Allianz profit http://www.insurancenews.com.au/international/nat-cat-record-drags-down-allianz-profit http://www.insurancenews.com.au/international/nat-cat-record-drags-down-allianz-profit Allianz has reported a 2.3% decline in net profit for last year, with CEO Oliver Bate blaming the industry’s “costliest natural catastrophe year”…

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Mon, 19 Feb 2018 14:18:00 +1100
New accounting standard ‘has minimal’ impact http://www.insurancenews.com.au/international/new-accounting-standard-has-minimal-impact http://www.insurancenews.com.au/international/new-accounting-standard-has-minimal-impact General insurers are less affected than their life counterparts by the new accounting standard IFRS 9, which took effect at the start of this year, according to Fitch Ratings…

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Mon, 19 Feb 2018 14:18:00 +1100
Arch Capital fights back with strong Q4 http://www.insurancenews.com.au/international/arch-capital-fights-back-with-strong-q4 http://www.insurancenews.com.au/international/arch-capital-fights-back-with-strong-q4 Bermuda-based Arch Capital rebounded from a catastrophe-affected third quarter to post a stronger earnings result in the final three months of last year…

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Mon, 19 Feb 2018 14:17:00 +1100
ISO enhances risk management standard http://www.insurancenews.com.au/international/iso-enhances-risk-management-standard http://www.insurancenews.com.au/international/iso-enhances-risk-management-standard A risk management standard has been overhauled amid threats to reputations and brands from cyber crime, political risk, terrorism and other sources, the International Organisation of Standardisation says…

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Mon, 19 Feb 2018 14:16:00 +1100