Here to help: study reveals the scale of broker value
19 October 2020
With a review of broker commissions looming, the National Insurance Brokers Association wanted hard evidence of the service that intermediaries provide...
Analysis
Senate inquiry delivers a mixed message for insurers
12 October 2020
A politically divided Senate inquiry into the last bushfire season has delivered an interim report which notes the importance of disaster mitigation while delivering a few backhanders to the insurance industry along the way...
Risk list goes viral as climate change slips out of focus
05 October 2020
Infectious diseases and the global pandemic have soared up the ranks in Axa’s latest survey of most pressing global risks, with COVID-19 triggering a dramatic jump in health concerns to first place from eighth, knocking climate change from the top spot...
Risk management is no place to cut corners during a pandemic
28 September 2020
The COVID-19 pandemic and its economic repercussions have been tough on almost everyone...
UK case set to boost pandemic BI payments
21 September 2020
Amid the assessments following the complex UK High Court test case judgment last week on business interruption there have been a few clear messages...
Quiet Monte Carlo reflects a sombre reinsurance season
14 September 2020
Hopes for a festive mood at the annual Monte Carlo Rendez-Vous de Septembre have been doubly dashed this year, with the event cancelled due to the coronavirus pandemic and reinsurers facing tough times despite long-awaited rising rates...
What next for QBE after a devastating week?
07 September 2020
QBE’s announcement last week that Group CEO Pat Regan will depart over “poor judgment” involving a female employee marks a rapid and remarkable unravelling of a previously successful partnership...
Fighting fraud through blockchain
31 August 2020
Blockchain has been spotlighted as one of the most important technological trends in Australia, but the insurance industry has somehow been slower to embrace blockchain than other industries, such as finance...
Virus injection – tech talk accelerates in the midst of upheaval
24 August 2020
An internet meme that has done the rounds depicts a survey asking “who led the digital transformation of your company?” Of possible choices between the CEO, CTO and COVID-19, it is the virus that’s heavily circled by a thick red line...
Bad news: pandemic infects the industry’s reputation
17 August 2020
We’ve all seen the headlines. Across the world from the US to the UK, mainstream media news titles have been all too eager to attack the insurance industry’s perceived failings as coronavirus and associated shutdowns took a heavy toll...
IAG’s next big challenge: succession
10 August 2020
With the results for IAG’s financial year behind them, the group’s directors now have another major matter to settle – who will lead the group into what MD Peter Harmer has described as “an increasingly complex and dynamic environment”...
Looking beyond lab-focused 'pet' projects
03 August 2020
Insurers have moved beyond putting a toe in the water when it comes to insurtech partnerships, but are yet to take the full plunge when it comes to widescale adoption of innovation, the third annual Australian Insurtech Ecosystem Report suggests...
Scrutiny heightens as icare battles criticism
27 July 2020
It’s been a tough first five years for NSW insurer icare, and scrutiny is continuing to rise as it battles to convince regulators, employers and others involved in workers’ compensation that it is on the right path...
The pitfalls of prophecy in a fast-changing world
20 July 2020
The speed of the pandemic crisis and its impact on global insurance is complex and controversial. And predicting the outcome of a swiftly changing series of events can have unfortunate consequences...
'Toughest in 17 years': brokers lift lid on renewals
13 July 2020
What do you get when you mix one of the worst Australian catastrophe seasons on record with a global pandemic?...
Chubb’s TV hell: victims and villains, or smoke and mirrors?
06 July 2020
A late-night message to insuranceNEWS.com.au’s Facebook page suggested something was up...
Digital or bust: the now and the next for Australian insurers
29 June 2020
By Marianne Hutchinson, Insurance Lead, Accenture Australia and New Zealand...
Forcing change: could insurers do more to influence climate policy?
22 June 2020
As fossil fuel pressure campaigns continue to build, and insurers withdraw cover in the context of a hardening market, brokers with affected clients are hitting back...
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...