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Analysis

Beyond the virus: new risks emerge as world changes

15 June 2020

Coronavirus upheavals may have turned the world upside down in the past few months but Swiss Re’s Sonar report finds new technologies and the shift toward lower-carbon solutions remain key drivers of emerging risks...

Demanding better: code committee calls out failings

01 June 2020

Despite the Hayne royal commission and regulators hammering home messages about trust, culture and customer focus, a report by the General Insurance Code Governance Committee suggests that for some the message still isn’t sinking in...

A messy business: court action looms over BI wording

18 May 2020

As wrestling over coronavirus business interruption coverage, or the lack of it, ramped up in the US and UK, the Australian insurance industry was able to watch from a position of relative comfort...

Home truths on the future of work

11 May 2020

The Federal Government has outlined clear plans to awaken the economy from its virus-induced slumber by July – with workers returning to office environments a key part of measures designed to bring back a level of normality...

Falling short: MPs miss their mark during uninformed hearings

04 May 2020

The warning signs were there before last week’s parliamentary hearings into the insurance industry even started, with committee Chairman Tim Wilson stating falsely that the Hayne royal commission had identified "widespread misconduct" within the industry...

Aid to SMEs: it's not too late for some alternative thinking

06 April 2020

The insurance response to the coronavirus pandemic, which played out over the past week, was supposed to be an industry-wide solution to keep SME businesses insured and engaged. But it ended up being a solution that angered brokers and caused a great deal of debate...

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...

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 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...