02 September 2024
The industry’s attention turns to Monte Carlo soon for the Rendez-Vous de Septembre, the annual talkfest on the state of the reinsurance market after the mid-year catastrophe renewals...
26 August 2024
Half the population of southwest Queensland, NSW’s Northern Rivers, regional WA and the NT face home insurance premiums that exceed a month’s income...
19 August 2024
As pressure intensifies to provide enough housing for Australia’s growing population, authorities must resist the urge to build in the wrong places...
12 August 2024
Almost 150 professionals heard from senior industry executives including the heads of Cover Genius, HDI Global, QBE Ventures and NTI at the Insurance News insurtech seminar in Sydney last week...
05 August 2024
The federal government’s flood inquiry opened on January 31, and the last of 23 hearings took place on July 30. It has been a mammoth undertaking...
29 July 2024
The premium landscape is shifting, with Marsh’s quarterly Global Insurance Market Index showing commercial rates were flat in the second quarter of this year...
22 July 2024
“This was not a cyberattack,” US cybersecurity firm CrowdStrike said on Friday, as it apologised for an outage that sparked global chaos...
15 July 2024
Insurers are venturing into the thriving digital landscape of the metaverse, covering virtual assets, safeguarding intellectual property and protecting the wellbeing of users and avatars...
08 July 2024
An urgent national conversation about relocating the most at-risk homes is needed to address the growing threat of riverine flooding and rising sea levels, according to a new study...
01 July 2024
The General Insurance Code Governance Committee warns more sanctions for breaches are coming – and it wants to name insurers routinely in its reporting...
24 June 2024
The Insurance Council of Australia and its members will be encouraged that another of its key recommendations to government is being acted upon, as a changing climate threatens the nation’s buildings and home premiums continue to rise...
17 June 2024
The number one emerging risk to property and specialty underwriting lines is the “cascading” fallout from flood, fire and other natural perils, according to Swiss Re’s latest Sonar report...
03 June 2024
Insurance News held a half-day strata seminar in Sydney on Thursday, and more than 100 industry professionals attended...
27 May 2024
After many years of insisting the only solution to insurance affordability challenges is to reduce the risk, the industry and federal government now admit something else is needed...
20 May 2024
Out of 28,698 general insurance complaints made to the dispute authority last year, 9565 related to comprehensive motor cover...
13 May 2024
The Australian economy has slowed as sustained high interest rates take their toll, but it’s a different story for brokers and other insurance intermediaries...
06 May 2024
The General Insurance Code Governance Committee has released its latest statistics – and breaches have soared. insuranceNEWS.com.au has delved into the 38-page data and compliance report, which covers last financial year, to pull out the key trends...
29 April 2024
Since October 5 2021, the duty of disclosure has no longer applied to consumer insurance contracts, as a raft of Hayne-inspired regulatory changes have been introduced...
22 April 2024
It doesn’t seem long since the 2020 General Insurance Code of Practice was released, but since then the industry has dealt with Hayne royal commission repercussions, a pandemic and record-breaking east coast flooding that’s now the focus of a parliamentary inquiry...
15 April 2024
Battlelines are again being drawn over the extension of standard definitions beyond flood and wider reforms, amid the latest consultation on an issue that has previously been kicked down the road...