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Analysis

FOS complaints data paints murky picture

09 October 2017

The surge in general insurance complaints handled by the Financial Ombudsman Service last year is bad news for an industry that faces regular inquiries and often ranks poorly in public image surveys…

Diverse pathways key to results

02 October 2017

Insurance businesses risk kicking an own goal if a laser-like focus on traditional profit measures causes them to overlook employee diversity and inclusion…

Monte Carlo: reinsurers look to release the pressure

18 September 2017

Destructive US hurricanes have helped put this year’s Reinsurance Rendezvous spotlight on the global insurance protection gap and innovative opportunities to extend cover in traditional and new areas…

Riding out the storms

11 September 2017

Insurers are adeptly navigating a treacherous environment that includes rising catastrophe risks, low investment yields and the threat from disrupters, a report from S&P Global Ratings suggests…

Fintechs: a work in progress

28 August 2017

Predictions on the future of the financial services industry have come thick and fast in the past few years: fintechs were going to change the world and make traditional incumbents an irrelevance…

Senate inquiry: 15 ways to improve insurance

14 August 2017

Towards the end of last year the Senate Economics References Committee was tasked with examining transparency, competition and rising prices in general insurance, along with any potential benefits of a government-run insurance comparator…

Insurtechs turn up the heat

07 August 2017

Insurers face an uncertain future amid increasing pressure from insurtechs, according to interviews with industry leaders…

How the SRS acquisition ended in a lawsuit

31 July 2017

When acquisitions take place in the insurance industry – a common event – there’s usually a brief flurry of announcements, followed by the acquired company getting back down to business under its new owners…

IAG’s new Australia Division is worth watching

24 July 2017

Until Peter Harmer took the reins at IAG late in 2015, the entities that made up Australia’s largest insurance group existed in a series of independent silos, each of which carried its own systems and cultures…

Re-repeat: the rate slide persists

10 July 2017

Reinsurance renewals have stuck to a familiar theme this mid-year as fierce competitive pressures, excess capacity and a legacy of benign catastrophe years drive down rates yet again…

Flammable cladding: ignoring the alarms

26 June 2017

London’s Grenfell Tower disaster, which has so far claimed 79 lives, looks to have kicked Australian authorities into action on flammable cladding.

June renewals: rising at last

19 June 2017

The soft market may finally be behind us, as brokers report underwriters successfully pushing through rate increases in the June renewals…

The Berejiklian backflip: chaos reigns

13 June 2017

NSW insurance brokers are in a unique position to observe the impact of the State Government’s remarkable backflip on emergency services levy reform…

ESL backflip is beyond belief

05 June 2017

Insurers hauled before a public inquiry a couple of weeks ago to explain their plans for removing the emergency services levy from property policies in NSW may now be wondering why they bothered…