Brought to you by:
Zurich
Zurich

Analysis

Results in focus: earnings season spotlights premium gains, BI uncertainty

1 March 2021

Rising premiums are set to remain a positive for insurance companies for some time yet while business interruption claims uncertainty is still a cloud over the industry as legal battles continue and COVID-19 concerns persist, the latest earnings reporting season shows...

Read More...

Year of change: injection of regulatory reform begins

22 February 2021

Prime Minister Scott Morrison described the national rollout of the COVID-19 vaccination program as “the beginning of a big game changer”. Also game-changing for the insurance industry could be the injection of Hayne-inspired regulatory reform slated for this year...

Read More...

Which comes first: underwriting or reinsurance?

15 February 2021

I hope that after a year like 2020, the summer break offered time for you to pause and reflect...

Read More...

Is there a better (and fairer) way to prepare for fire?

8 February 2021

As bushfires once again cause destruction and threaten Australian lives, with more than 85 homes lost to an out-of-control blaze north of Perth last week, one expert is proposing that a Medicare-like system subsidise the cost of fire prevention measures via the public purse...

Read More...

ACCC flags duties, subsidies in search for northern answers

1 February 2021

The Australian Competition and Consumer Commission has made two key proposals to directly tackle immediate insurance affordability worries in northern Australia, and they come down to actions that governments are likely to be reluctant to take...

Read More...

Small business battles spur calls for government action

14 December 2020

The Australian Small Business and Family Enterprise Ombudsman has warned insurance market failure is causing a national crisis that needs to be addressed, and has taken calls for government action to a new level...

Read More...

Tougher times put the ball in insureds’ court

7 December 2020

With premiums rising and terms and conditions tightening, pressure is increasing on businesses to reduce their potential risks and put themselves at the head of the queue in securing cover...

Read More...

Broking and client service post-COVID: a guide

30 November 2020

The time has arrived for brokers to move from “price to advice” in a greatly changed insurance market...

Read More...

End of the beginning: BI case has a long way to go

23 November 2020

Last week’s NSW Court of Appeal judgment in a test case over business interruption cover for COVID-19 comes as a first-round loss for insurers in a fight that has a long way to run, and which is opening up on multiple fronts...

Read More...

Still not quite out of the woods: study flags dangers ahead

16 November 2020

Swiss Re has struck a cautiously upbeat tone in its latest Sigma study, revising its previously downbeat outlook for the insurance industry on expectations that the worst of the economic devastation of the pandemic is over…

Read More...

Insurers ‘entitled’ to discount new business, but for how long?

9 November 2020

A consumer recently complained to the Australian Financial Complaints Authority that his premium had soared by 47%, and he could get a cheaper quote as a new customer from the same insurer...

Read More...

‘Luck runs out’ as insurers’ profitability plummets

2 November 2020

2020 has been an “annus horribilis” for many nations, and as a new report shows, Australian insurers have not been immune from its impacts...

Read More...

Hard to handle: how spiralling premiums are stressing business

26 October 2020

“The insurance market is now to the stage where you will have no choice but to be uninsured. There is simply no market to get a quote in some circumstances.”...

Read More...

Here to help: study reveals the scale of broker value

19 October 2020

With a review of broker commissions looming, the National Insurance Brokers Association wanted hard evidence of the service that intermediaries provide...

Read More...

Senate inquiry delivers a mixed message for insurers

12 October 2020

A politically divided Senate inquiry into the last bushfire season has delivered an interim report which notes the importance of disaster mitigation while delivering a few backhanders to the insurance industry along the way...

Read More...

Risk list goes viral as climate change slips out of focus

5 October 2020

Infectious diseases and the global pandemic have soared up the ranks in Axa’s latest survey of most pressing global risks, with COVID-19 triggering a dramatic jump in health concerns to first place from eighth, knocking climate change from the top spot...

Read More...

Risk management is no place to cut corners during a pandemic

28 September 2020

The COVID-19 pandemic and its economic repercussions have been tough on almost everyone...

Read More...

UK case set to boost pandemic BI payments

21 September 2020

Amid the assessments following the complex UK High Court test case judgment last week on business interruption there have been a few clear messages...

Read More...

Quiet Monte Carlo reflects a sombre reinsurance season

14 September 2020

Hopes for a festive mood at the annual Monte Carlo Rendez-Vous de Septembre have been doubly dashed this year, with the event cancelled due to the coronavirus pandemic and reinsurers facing tough times despite long-awaited rising rates...

Read More...

What next for QBE after a devastating week?

7 September 2020

QBE’s announcement last week that Group CEO Pat Regan will depart over “poor judgment” involving a female employee marks a rapid and remarkable unravelling of a previously successful partnership...

Read More...