‘Unjustified’ premium rises sharpen reputation, regulatory concerns
23 September 2024
Most industry watchers understand that insurers have needed to push through steep rate rises in recent years to ensure a profitable and sustainable future...
Analysis
Strata stories stir up a hornet’s nest
16 September 2024
More stringent insurance disclosure rules may be just one of the repercussions from last week’s Four Corners program alleging malpractice in the strata sector...
No holding back as code panel proposes sweeping upgrade
09 September 2024
The independent panel reviewing the industry code of practice has pressed ahead with reform proposals targeting many of the problems highlighted during the federal flood inquiry...
Reinsurers head to Monte Carlo with ‘growing appetite’
02 September 2024
The industry’s attention turns to Monte Carlo soon for the Rendez-Vous de Septembre, the annual talkfest on the state of the reinsurance market after the mid-year catastrophe renewals...
As more households feel premium squeeze, a systemic threat emerges
26 August 2024
Half the population of southwest Queensland, NSW’s Northern Rivers, regional WA and the NT face home insurance premiums that exceed a month’s income...
Land use planning forum: 13 ways to build a better future
19 August 2024
As pressure intensifies to provide enough housing for Australia’s growing population, authorities must resist the urge to build in the wrong places...
‘Mind-blowing’ results: how insurtech will change the industry
12 August 2024
Almost 150 professionals heard from senior industry executives including the heads of Cover Genius, HDI Global, QBE Ventures and NTI at the Insurance News insurtech seminar in Sydney last week...
Flood inquiry: six months of soul searching, but where will it lead?
05 August 2024
The federal government’s flood inquiry opened on January 31, and the last of 23 hearings took place on July 30. It has been a mammoth undertaking...
Falling flat: seven-year rising premium trend comes to an end
29 July 2024
The premium landscape is shifting, with Marsh’s quarterly Global Insurance Market Index showing commercial rates were flat in the second quarter of this year...
CrowdStrike outage a ‘stark reminder’ of cyber threat
22 July 2024
“This was not a cyberattack,” US cybersecurity firm CrowdStrike said on Friday, as it apologised for an outage that sparked global chaos...
Insurance and the metaverse: safeguarding virtual assets
15 July 2024
Insurers are venturing into the thriving digital landscape of the metaverse, covering virtual assets, safeguarding intellectual property and protecting the wellbeing of users and avatars...
‘We need to talk about relocation’
08 July 2024
An urgent national conversation about relocating the most at-risk homes is needed to address the growing threat of riverine flooding and rising sea levels, according to a new study...
‘There will be more’: code committee says first sanction not the last
01 July 2024
The General Insurance Code Governance Committee warns more sanctions for breaches are coming – and it wants to name insurers routinely in its reporting...
Build resilience to lower premiums: another industry message cuts through
24 June 2024
The Insurance Council of Australia and its members will be encouraged that another of its key recommendations to government is being acted upon, as a changing climate threatens the nation’s buildings and home premiums continue to rise...
‘Toxic’ fallout and digital dangers top Swiss Re risk rundown
17 June 2024
The number one emerging risk to property and specialty underwriting lines is the “cascading” fallout from flood, fire and other natural perils, according to Swiss Re’s latest Sonar report...
Five key takeaways from our strata seminar
03 June 2024
Insurance News held a half-day strata seminar in Sydney on Thursday, and more than 100 industry professionals attended...
Pooling in the same direction
27 May 2024
After many years of insisting the only solution to insurance affordability challenges is to reduce the risk, the industry and federal government now admit something else is needed...
Motor complaints take pole position
20 May 2024
Out of 28,698 general insurance complaints made to the dispute authority last year, 9565 related to comprehensive motor cover...
Intermediaries show ‘enduring strength’ in hard times
13 May 2024
The Australian economy has slowed as sustained high interest rates take their toll, but it’s a different story for brokers and other insurance intermediaries...
The ‘troubling’ trends on code breaches
06 May 2024
The General Insurance Code Governance Committee has released its latest statistics – and breaches have soared. insuranceNEWS.com.au has delved into the 38-page data and compliance report, which covers last financial year, to pull out the key trends...