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 A note from the Publisher http://www.insurancenews.com.au/local/a-note-from-the-publishera http://www.insurancenews.com.au/local/a-note-from-the-publishera The latest edition of Insurance News magazine is being mailed out this week, and with it we’ll be celebrating a significant milestone…

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Mon, 22 Oct 2018 14:17:00 +1100
‘Numerous headwinds’ predicted – despite rate rises http://www.insurancenews.com.au/local/numerous-headwinds-predicted-despite-rate-rises http://www.insurancenews.com.au/local/numerous-headwinds-predicted-despite-rate-rises Commercial premium rises are providing the main tailwind for the insurance industry, which achieved a bounce-back performance last financial year, Finity Consulting says…

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Mon, 22 Oct 2018 14:16:00 +1100
Pricing must keep pace with climate change: Finity http://www.insurancenews.com.au/local/pricing-must-keep-pace-with-climate-change-finity http://www.insurancenews.com.au/local/pricing-must-keep-pace-with-climate-change-finity Insurers can’t afford to take a relaxed approach to pricing for climate change, because an escalation in severe weather events may leave them playing catch-up as claims costs are driven higher…

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Mon, 22 Oct 2018 14:13:00 +1100
Half of industry cyber breaches go undetected http://www.insurancenews.com.au/local/half-of-industry-cyber-breaches-go-undetected http://www.insurancenews.com.au/local/half-of-industry-cyber-breaches-go-undetected While insurance companies are focused on alerting clients to the dangers of cyber breaches, their own internal security systems have failed to detect about 47% of cyber breach attempts…

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Mon, 22 Oct 2018 14:13:00 +1100
Australia climbs insurance penetration chart http://www.insurancenews.com.au/local/australia-climbs-insurance-penetration-chart http://www.insurancenews.com.au/local/australia-climbs-insurance-penetration-chart Australia has an insurance penetration rate of 3.5%, the sixth-highest in a Lloyd’s underinsurance study of 43 economies…

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Mon, 22 Oct 2018 14:12:00 +1100
Data loss lawsuits face major barriers http://www.insurancenews.com.au/local/data-loss-lawsuits-face-major-barriers http://www.insurancenews.com.au/local/data-loss-lawsuits-face-major-barriers While companies are responsible for keeping clients’ data secure, class actions around data breaches would face significant hurdles in Australian law…

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Mon, 22 Oct 2018 14:12:00 +1100