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Analysis

BI test case grinds on as High Court to hear appeal application

8 August 2022

The legal test case process triggered by declined pandemic-related business interruption claims will head into a third year as the wheels of justice turn slowly and clarity is still sought over the issues...

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Seven megatrends to shape two decades

1 August 2022

The Commonwealth Scientific and Industrial Research Organisation has released a major new report outlining seven megatrends that will shape our society over the next 20 years...

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Home insurance and 'side hustles': how worried should we be?

25 July 2022

There’s momentum building on an insurance issue that could theoretically invalidate thousands of home and contents policies, and has consumer groups throwing around accusations of “junk” cover...

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Suncorp streamlining crescendos with bank sale

18 July 2022

After years of conjecture and the sale of various other financial services business in recent times, Suncorp has made the decision to divest its bank and focus entirely on insurance...

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Brokers negotiating a tricky new path

11 July 2022

Scrutiny of broker remuneration and heat over commission payments and transparency was always going to rise this year as the Government’s Quality of Advice review commenced and various parties faced off from familiar corners...

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The reinsurance pool reckoning that had to come

4 July 2022

When the Morrison government announced in February that its upcoming cyclone reinsurance pool would provide premium savings of up to 50% and more, there was widespread scepticism across the insurance industry...

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Like-for-like vs like-for-right

27 June 2022

Insurers have been at the vanguard of calls to “build back better” after Australia’s record-breaking floods catastrophe – and rightly so...

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Risk watchlist: cryptos, melting permafrost join climate, material shortages as key threats

20 June 2022

Covid-19 dominated much of the world’s attention in the last few years, until this February when Russian President Vladimir Putin ordered a “special military operation” in neighbouring Ukraine...

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Perfect storm: insurers battle 500,000 catastrophe claims deluge

6 June 2022

A series of obstacles have constrained insurers as they battle half a million claims from a string of some of the worst catastrophes ever experienced in Australia...

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Decision time: your most read AFCA rulings

30 May 2022

Readers of the insuranceNEWS.com.au Daily news service will know that we provide regular summaries of key general insurance industry dispute rulings...

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Promises, promises: what can industry expect from new government?

23 May 2022

As Labor’s Anthony Albanese was sworn in as Australia’s 31st Prime Minister, insurance professionals might have been wondering what the change of government means for the industry...

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Off balance: rising income inequality equals falling insurance cover

16 May 2022

The growing problem of income inequality is having a significant impact on insurance protection levels, and insurers can play a key role in solutions, Swiss Re says in a new Sigma study...

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Uninsurable nation? Maybe, maybe not, but action needed either way

9 May 2022

The “uninsurable nation” tagline to the Climate Council’s latest report on such issues has raised some hackles within the industry...

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Pain before gain: cost headwinds arrive ahead of investment boost

2 May 2022

After years of inflation in the doldrums and falling interest rates reducing insurer investment earnings on premium income, the environment is changing in a hurry...

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'Clarion call' to lift cybersecurity

26 April 2022

Cyber extortion has debuted for the first time on the list of most pressing worries for Australian executives, adding to closely aligned fear of cyber attack and data loss which have taken out the top two spots for the third year running in the annual Directors’ Liability Survey from Willis Towers Watson and law firm Clyde & Co...

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Industry faces big challenges after strong rebound last year

11 April 2022

Australia’s general insurance industry made a strong financial comeback last year, after unprecedented pressures caused by the 2019/20 Black Summer bushfires and the covid pandemic, KPMG says in a new report...

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Preventing floods: what can we learn from Australia’s 'one-in-1000-year' event?

4 April 2022

The recent floods in Queensland and NSW have taken a heavy toll on Australia. However, amidst the losses, valuable lessons can be learned. MD HDI Global SE in Australia Stefan Feldmann, pictured, reflects on how we live with our changing environment...

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Plan of attack: industry outlines cyber strategy

28 March 2022

The signs have been there for a while that cyber insurance is heading for trouble...

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Satisfaction high but onus on brokers to show worth

21 March 2022

Direct buying is often seen as a cheap and easy pathway, the benefit of personal assistance shines through at claims time, and the pressure is on brokers to prove their value, the latest Vero SME Insurance Index indicates...

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Shallow solution: do floods expose pool limitations?

14 March 2022

Devastating floods across Queensland and NSW are shaping up as one of Australia’s worst natural catastrophes on record, with insured losses expected to go well beyond $2 billion...

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