11 March 2019
There’s little dispute that standard cover arrangements aren’t much help to consumers trying to choose between policies, but responses to a Treasury discussion paper show that finding a better way forward will not be simple…
04 March 2019
General insurance was an early adopter of the code-of-practice concept, which basically allowed the industry to set standards and self-regulate…
25 February 2019
The ramifications of the Hayne royal commission are still becoming clear three weeks after the release of its final report…
18 February 2019
A cold realisation is seeping out of north Queensland as Townsville begins its recovery from its unprecedented floods – most inundated businesses did not insure for flood and could be facing ruin as a result…
11 February 2019
The dust is still settling after the Hayne royal commission’s final report swept over the financial services industry, but now that everyone has had a chance to stand back and consider the results, the consensus is that few of the findings were unexpected…
04 February 2019
Commercial premiums climbed at a greater pace than expected last year and are set for further gains, according to a relatively positive JP Morgan Taylor Fry General Insurance Barometer…
10 December 2018
For the general insurance industry, 2018 has been a year of recovering revenues for insurers and growing uncertainties for brokers. While insurers in Australia have led the world in raising premiums after a long period in the doldrums, brokers are moving into 2019 with the twin threats of competition and hostile regulatory action hanging over them…
03 December 2018
Reforms to the NSW emergency services levy on insurance were officially “dead, buried and cremated” after last year’s highly controversial decision to scrap them…
26 November 2018
Melbourne’s deadly Bourke Street attack, closely followed by arrests aimed at foiling a separate plot, have reignited the terrorism debate…
19 November 2018
Australian insurers have received an upbeat assessment in KPMG’s annual review of the industry, with profits still rising and the sector well placed to handle fallout from the Hayne royal commission…
12 November 2018
The Hayne royal commission website has been flooded with hundreds of submissions in recent days…
05 November 2018
The Hayne royal commission has the general insurance industry’s exemption from the ban on conflicted remunerations in its sights…
29 October 2018
General insurance has an uneasy reputation with the general public, but it doesn’t often deserve the hammering it takes from so-called expert commentators and current affairs shows…
22 October 2018
Insurers buoyed by a benign year for catastrophes, rising premiums and subdued claims inflation may find the business outlook is about to become more challenging…
15 October 2018
Relief for the drought-stricken farming community is unlikely to come any time soon, now an El Nino alert has been issued…
08 October 2018
Shortly after taking the country’s top job in August, Scott Morrison declared that tackling drought was the “most urgent and pressing need right now” for his government…
01 October 2018
Making people aware of what their insurance policy covers – and just as importantly what it doesn’t – has been a preoccupation of insurers for more than 20 years. All that has been gained is an understanding that legal necessities don’t mix well with the need for simplicity…
24 September 2018
As the dust settles from last week’s general insurance hearings at the Hayne royal commission, it’s still too early to know what the long-term impact might be…
17 September 2018
When it comes to internecine disagreements, the insurance industry is usually pretty placid. Differences of opinion among the various industry tribes are rare, which made the breakout of hostilities between insurers and brokers over the past week unusual, to say the least…
10 September 2018
Reinsurers and their insurance customers are gathering in the Mediterranean playground of Monaco for the annual Rendez-Vous de Septembre, but the mood is anything but playful…