Analysis
The downside of high-end insurance pay
10 March 2025
People who work in insurance are on average paid substantially more than their counterparts in other Australian industries, new data shows...
Sweet 16: ICA lists ways to tackle soaring premiums
03 March 2025
The Insurance Council of Australia’s federal election platform contains “a big idea to combat a big problem”, calling for more than $30 billion in government cash to tackle floods...
Sleeping giants awaken: how insurtech is picking up the pace
24 February 2025
“The biggest single complaint I hear from insurtech and insurers alike is how slow the insurance sector is.” This insight, from Insurtech Australia CEO Simone Dossetor, was shared last week with a 320-strong crowd at InsurtechLIVE in Sydney...
Breaking up insurance giants ‘no silver bullet’
17 February 2025
Opposition Leader Peter Dutton has threatened to force divestment in the insurance market as premium costs spiral – but the industry says it won’t help consumers because coverage issues are caused by rising risks, not a lack of competition...
How to grow: EY outlook maps ‘multiple pathways’
10 February 2025
A global insurance outlook from consultancy EY outlines strategies for growth in a softening market, as industry players look to maintain positive momentum...
What’s in a name? Quite a lot, say brokers fuming over anonymous penalty
03 February 2025
The General Insurance Code Governance Committee is finally showing its enforcement teeth as it uses one of its strongest sanctions to punish an errant insurer for the second time in eight months...
2800 stories in 2024 – and here are your favourites
16 December 2024
It’s been a busy year in the insurance industry, and the team at insuranceNEWS.com.au has published almost 2800 articles so far...
‘Significant blind spots’: regulator turns up heat on complaints failings
09 December 2024
The corporate regulator has demanded insurers act immediately on complaints handling failings, toughening its messaging as the three-year anniversary of the Queensland and northern NSW floods approaches...
‘A mystery to outsiders’: the good, the bad and the ugly of insurance work
02 December 2024
A simple, open-ended question in this year’s Insurance News wellbeing survey – “Can you tell us what you do and don’t like about working in insurance?” – garnered almost 1100 anonymous and frank replies...
The $5 trillion question: insights from our cyber seminar
25 November 2024
Insurance News held a half-day cyber seminar in Sydney last Thursday, with more than 100 industry professionals attending...
A deep dive into AFCA’s datacube
18 November 2024
The Australian Financial Complaints Authority has updated its datacube resource, which provides statistics on disputes by product or company...
Radar reveals the top trends and trouble spots
11 November 2024
Actuarial group Taylor Fry’s Radar report has examined climate, affordability, technology and regulation impacts on insurers while looking behind industry headline figures to identify positive and negative developments in each of the major classes...
More intervention looms as climate sends premiums soaring
04 November 2024
A range of market interventions may be required as climate change unravels traditional insurance models, the Australia Institute warns today...
Stronger foundations? Victoria acts on builders’ warranty
28 October 2024
Significant reforms to Victoria’s building regulator and builders’ warranty insurance scheme have been broadly welcomed, as the state moves towards a “first resort” model...
Code shake-up, ASIC powers at heart of floods response
21 October 2024
The parliamentary inquiry into the record-breaking floods of two years ago has placed significant weight on achieving improvements through a code of practice overhaul, backed by greater oversight from the Australian Securities and Investments Commission...
‘More stick than carrot’ as nation bolsters cyber laws
14 October 2024
Australia is seeking to be the first country to require that ransoms paid to cybercriminals be reported to the government...
‘Phase them out’: experts back industry on insurance taxes
07 October 2024
The Senate inquiry into the impact of climate risk on insurance premiums is getting one message loud and clear: axing taxes on insurance would be the easiest and most direct way for governments to ease affordability pressure...
‘Attitudes have changed’: reflections on a decade of Dive In
30 September 2024
Ten years ago, Dive In began in London with 100 people...
‘Unjustified’ premium rises sharpen reputation, regulatory concerns
23 September 2024
Most industry watchers understand that insurers have needed to push through steep rate rises in recent years to ensure a profitable and sustainable future...
Strata stories stir up a hornet’s nest
16 September 2024
More stringent insurance disclosure rules may be just one of the repercussions from last week’s Four Corners program alleging malpractice in the strata sector...