13 November 2023
The November 1 changes on remuneration disclosure to the National Insurance Brokers Association code of practice were intended to draw a line under a debate that’s raged for more than a year...
06 November 2023
Australia’s $6 billion flood catastrophe last year devastated many communities, and it may yet have a significant impact on how home insurance policies operate in future...
30 October 2023
A battle to stop building housing in the highest risk locations on Australia’s floodplains appears to be finally gaining traction with a NSW Government decision to prevent some proposed development in the Hawkesbury-Nepean Valley west of Sydney...
23 October 2023
The 2023 Insurance News Wellbeing Survey received thousands of frank and insightful opinions from brokers, underwriters, claims experts and other professionals who make up the sector...
16 October 2023
Last week’s Insurance Council of Australia Annual Conference was held a year after flood waters inundated towns in northern Victoria in a continuation of natural disasters triggered as torrential rainfall fell across eastern states during a third consecutive La Nina...
09 October 2023
It’s a familiar scenario for people buying personal insurance online – your home or motor renewal comes through, and the premium’s up 10% or even 20%...
02 October 2023
There’s nothing like an overseas trip to bring people closer together, as apparently evidenced by the delegation of insurance leaders and Assistant Treasurer Stephen Jones, which has just returned from Europe...
25 September 2023
The annual Radar report shows householders was the only class to make a loss last financial year, a reversal in investment results drove overall profits higher and affordability pressures are a key issue for the industry...
18 September 2023
Frustrating and gruelling negotiations leading into last January’s reinsurance renewals remain fresh in the memory as the industry prepares for upcoming discussions, with early expectations suggesting further price increases but an overall smoother process...
11 September 2023
The end of the era of “financial repression” will transform the general insurance industry as it achieves higher returns from investments, but further market hardening is still expected, a global report from Swiss Re warns...
04 September 2023
Australian home and business owners – and their brokers – should be well aware of the potential bushfire threat this spring and summer, but a new report from an insurer shows misunderstandings about the risks are still rife...
28 August 2023
In an attempt to align the corporate regulator’s recent report on claims handling with insurer profits, Melbourne’s Herald Sun recently ran with the headline “Our insurers are floody useless”...
21 August 2023
Insurers are increasingly under fire for relying too heavily on wear and tear exclusions to deny claims – and one example is a growing concern for brokers and their clients...
14 August 2023
Actuaries Institute and consumer group research reports have highlighted rising home insurance affordability problems in parts of Australia and set out proposals for action, as consensus rises on some issues while immediate solutions remain a challenge...
07 August 2023
Emotions may run high as a Federal Government parliamentary inquiry into insurer responses to record-breaking floods hears accounts of experiences, but Assistant Treasurer Stephen Jones has stressed that it will be more than an exercise in venting...
31 July 2023
Preventing high-risk building on floodplains is becoming increasingly urgent as climate threats combined with a rising population and greater housing needs potentially put more people at risk from extreme weather events...
24 July 2023
The Insurance Council of Australia (ICA) moved quickly to welcome the announcement of a parliamentary inquiry into insurers’ responses to last year’s devastating floods...
17 July 2023
The long and often heated debate around broker commissions and transparency is a saga that many want to see concluded. But a tweak to the revised brokers’ code of practice guarantees the debate will continue...
10 July 2023
As the mid-year reinsurance renewals draw to a close, a clearer picture on the state of play has emerged: tough pricing conditions are not going away just yet but reinsurers’ appetite for what they perceive as good risks have improved since the start of the year...
03 July 2023
Australia’s financial services laws have been likened to a poorly built house needing renovation, with the key Corporations Act chapter seen as an old cupboard crammed full and poorly organised...