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Analysis

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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Taking stock: a mid-year regulatory round-up

1 July 2019

Memories of last year’s royal commission hearings may already be fading, but there’s no chance Commissioner Kenneth Hayne’s recommendations have been forgotten...

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PI pullout chips away at building industry’s foundations

24 June 2019

The thousands of building surveyors, certifiers or construction industry operators who are required by regulation to have professional indemnity (PI) insurance are facing a dilemma that may well force them out of business...

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Industry banana skins: digital slip-ups loom large

17 June 2019

Last week diversified insurance provider Insurance House was forced to shut down its online systems for a lengthy period while it dealt with a highly sophisticated malware attack. While no client data was compromised, the company says the episode is a reminder how challenging the cyber threat can be...

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The things that make a good insurance CEO

11 June 2019

What makes a successful insurance company chief executive? According to the media pundits and market analysts, extensive insurance experience is at the top of the list…

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ACCC’s northern inquiry: treading water and diving down rabbit holes

3 June 2019

The Australian Competition and Consumer Commission’s sprawling inquiry into soaring premiums in the country’s north is yet to really get to grips with the problem, even as it moves towards the business end of its three-year probe…

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Why 5G spells danger for insurers

27 May 2019

Swiss Re’s annual analysis of emerging risks with the potential to have major impacts on insurers includes some of the usual suspects – climate change and the state of the global economy among them…

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Wobbly lines: the market’s key trouble spots

20 May 2019

Capacity constraints continue to bedevil a number of business classes as insurers try to improve their bottom lines and back out of difficult markets…

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Avoiding economic disaster: the true value of insurance

13 May 2019

We see plenty of good news stories showing how insurance companies help get individual homeowners or businesses back on their feet following a natural catastrophe…

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Lloyd’s plots a course through troubled waters

6 May 2019

Lloyd’s has faced some home truths and presented a vision for change in its bid for a more prosperous future, after a few years it might rather forget…

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Designed to help: AI and the rise of the ‘cobots’

29 April 2019

Artificial intelligence and robotics are changing the world, and the insurance industry had better change with it…

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Rise of the ‘secondary’ nat cat threat

15 April 2019

Losses aside, last December’s near $1.2 billion hailstorm in Sydney has a far more chilling message for Australian insurers: better get used to it…

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SME survey: brokers confront their trust issues

8 April 2019

Brokers have received some tough feedback in the latest Vero SME Insurance Index, with declining trust levels and small businesses increasingly buying cover from the direct market…

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Seeking the final word on consumer advice

1 April 2019

The Australian Securities and Investments Commission report on consumer confusion around general and personal advice is another step towards solving a problem that continues to cause angst…

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Is climate change causing slow-motion cyclones?

25 March 2019

Global warming is changing our weather in so many ways – but one of the most concerning is its impact on cyclones…

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