How will insurers weather COVID-19?
23 March 2020
Most economic losses stemming from the deadly COVID-19 pandemic will not be insured, and the most notable takeaway for insurers is likely to be the magnitude of the protection gap...
Analysis
Coronavirus: some insurance questions answered
16 March 2020
Declarations of insurance catastrophes haven’t been all that uncommon over the past six months, but the COVID-19 outbreak is unlike anything that has gone before...
Enough is enough: Suncorp steams in on mitigation
09 March 2020
The insurance industry has been pushing governments to invest more in disaster mitigation for more than a decade – but this summer’s bushfire catastrophe appears to have brought the debate to boiling point…
Coronavirus: should I stay or should I go?
02 March 2020
The spread of the coronavirus to a rising number of countries has triggered emergency responses, thrown international stock markets into a tailspin and is causing Australians to reassess travel plans and question their insurance...
The bushfire royal commission: what's at stake for the industry
24 February 2020
Okay, so the stage is set for a bushfires royal commission, one that Prime Minister Scott Morrison says he "thought very deeply" about before deciding to make good on his words and go ahead with it...
Cyber danger: clear, present and more menacing than ever
17 February 2020
Not that many years ago cyber risk was viewed as no more than just a mid-tier peril, not something that would give business executives too much to worry about...
The changing world of ICA leadership
10 February 2020
The decision by Insurance Council of Australia CEO Rob Whelan to step aside after nearly 10 years in the role presents the organisation’s board with some interesting possibilities...
Hellish predictions come to pass
03 February 2020
"Spring blazes promise a summer from hell", warned the headline on the cover of December’s Insurance News magazine...
Ten insurance trends in 2020
16 December 2019
As part of its annual General Insurance Industry Review, KPMG outlined 10 emerging trends for Australian insurance companies. Here’s our summary of the findings...
Workers’ comp: searching for Australia’s next top model
09 December 2019
Victoria is set to become the latest state to begin a workers’ compensation review as the nation continues to grapple with a mish-mash of models, different levels of private and public participation and questions over their performance...
Loyalty unrewarded: why the personal lines merry-go-round is unsustainable
02 December 2019
We’ve all been there. The home and contents renewal notice drops into your inbox and the premium has gone through the roof...
A long way to go before the cyber gap is closed
25 November 2019
Australia remains acutely exposed to cyber attack, and a string of measures – including consideration of a reinsurance pool – are required to shore up defences, risk experts say...
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...
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...
The revolution is parametric
04 November 2019
Parametric insurance is growing fast, and it’s likely to keep doing so as climate change continues to bite...
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...
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...
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...
Singular solution on dual pricing
07 October 2019
The UK Financial Conduct Authority interim report into home and motor insurance pricing pulls no punches...
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?