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Analysis

State of paralysis: the heavy price of inaction as PI nightmare drags on

18 November 2019

Like many others before it, the latest report into what ails the building industry delivered little in the way of new insights into a shambolic state of affairs...

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Role-playing: traditional boundaries blurring at Lloyd's

11 November 2019

AM Best’s latest market report, an examination of the London insurance market, has uncovered a “blurring” of the once-rigid divisions between the roles of brokers, insurers and reinsurers...

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The revolution is parametric

4 November 2019

Parametric insurance is growing fast, and it’s likely to keep doing so as climate change continues to bite...

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Climate change: words don't matter as much as action

28 October 2019

In the quarter-century that the threat of global warming has been hanging over general insurance in Australia, the debate has become fragmented and absurdly complex...

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State of the industry: Enthoven outlines the key challenges

21 October 2019

Insurance Council of Australia President Richard Enthoven’s “state of the industry” speech at the National Insurance Brokers Association Convention on the Gold Coast last week was brutally honest on the trials heading the industry’s way. But it also contained plenty of hope, pride – and new information...

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Heads in the sand: SMEs take cyber gamble

14 October 2019

It’s routinely flagged as one of the top business threats across the globe, but many Australian SMEs think they’ve got cyber risk covered. The trouble is they almost certainly haven’t...

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Singular solution on dual pricing

7 October 2019

The UK Financial Conduct Authority interim report into home and motor insurance pricing pulls no punches...

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Ties that bind: mitigation meets prudential stability

30 September 2019

How much longer can Australia drag its feet over the need for investment in mitigation? Or to put it more bluntly, when will our myopic political leaders accept that spending more on flood levees, sea walls, stronger buildings and the like holds the key to insurance affordability?

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EY presents visions of doom to insurer laggards

23 September 2019

Like Dickens’ Ghost of Christmas Yet to Come showing the future to Scrooge, insurers are being warned by EY about what could happen to them if they don’t embrace change...

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Climate change: still in denial as neighbourhoods burn

16 September 2019

Australia’s biggest insurers have flagged the importance of urgent action on climate change as out-of-season bushfires rip through Queensland and NSW...

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Firming, not hardening: reinsurers grappling with rates and uncertainty

9 September 2019

Reinsurance rates are rising after the high level of catastrophe losses in the past two years, but the trend may not bring the same comfort as in times past as the industry faces plenty of changes and challenges...

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Cover conundrum: listening to reason when risk changes

2 September 2019

When insurers decline to offer cover for a certain risk in a certain location the reaction from affected residents, and the politicians and media claiming to represent them, is never positive...

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A slow, careful march towards the data revolution

26 August 2019

Right now the amount of digital data in the world – and the ability to process and analyse it – is growing exponentially. That data is coming from multiple and expanding sources as homes, workplaces, cars, fridges, TVs, microwaves, wristwatches and any number of other devices become digitally enabled...

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A win/win on depreciation

19 August 2019

Should depreciation be deducted from a business interruption claim as a “saving”? This Analysis of the issue is from Mark Darwin, a Partner at Herbert Smith Freehills and Peter Rink, Willis Towers Watson Head of Asia Pacific, Forensic Accounting and Complex Claims...

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Levels rising: water claims prove a costly challenge

12 August 2019

Chubb’s report on internal water damage offers a case study of a client who owns a beautiful historic home as part of a property portfolio...

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Northern Australia: ACCC plays a tune it can dance to

5 August 2019

Just as some federal ministers decline to engage with anyone using the term “climate change”, it is becoming apparent that with others in government the turn-off word is “mitigation”...

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Pay as you fly: drones show the way

29 July 2019

In January 2018, the first usage-based insurance cover for drones in Europe was launched, with capacity provided by Allianz. Since its debut, Flock Cover has analysed and priced risk for more than 500,000 drone flights in what could be a sign of how the future face of insurance may take shape...

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Building ignorance: politicians fail to grasp insurance (again)

22 July 2019

Politicians love pointing the finger at insurers when the proverbial hits the fan – and the current construction industry crisis is no exception...

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All set for the fifth festival of diversity and inclusion

15 July 2019

For the past five years Lloyd’s has been at the forefront of promoting diversity and inclusion in the insurance industry, globally and in Australia...

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Lessons to be learned: CBL failure puts heat on NZ regulator

8 July 2019

Fallout from the CBL Insurance failure will be felt across the New Zealand industry, with an independent review revealing a cautious regulatory approach failed to quickly get to the bottom of the company’s problems...

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