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...
Analysis
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?
EY presents visions of doom to insurer laggards
23 September 2019
Like Dickens’ Ghost of Christmas Yet to Come showing the future to Scrooge, insurers are being warned by EY about what could happen to them if they don’t embrace change...
Climate change: still in denial as neighbourhoods burn
16 September 2019
Australia’s biggest insurers have flagged the importance of urgent action on climate change as out-of-season bushfires rip through Queensland and NSW...
Firming, not hardening: reinsurers grappling with rates and uncertainty
09 September 2019
Reinsurance rates are rising after the high level of catastrophe losses in the past two years, but the trend may not bring the same comfort as in times past as the industry faces plenty of changes and challenges...
Cover conundrum: listening to reason when risk changes
02 September 2019
When insurers decline to offer cover for a certain risk in a certain location the reaction from affected residents, and the politicians and media claiming to represent them, is never positive...
A slow, careful march towards the data revolution
26 August 2019
Right now the amount of digital data in the world – and the ability to process and analyse it – is growing exponentially. That data is coming from multiple and expanding sources as homes, workplaces, cars, fridges, TVs, microwaves, wristwatches and any number of other devices become digitally enabled...
A win/win on depreciation
19 August 2019
Should depreciation be deducted from a business interruption claim as a “saving”? This Analysis of the issue is from Mark Darwin, a Partner at Herbert Smith Freehills and Peter Rink, Willis Towers Watson Head of Asia Pacific, Forensic Accounting and Complex Claims...
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...