08 May 2023
Observers of global funding trends in the insurtech sector are at risk of whiplash after recent highs and lows, as reported every three months in Gallagher Re’s Global InsurTech Report.
01 May 2023
Property renewals for insurance buyers exposed to catastrophe risk have remained a market pain point, but more generally the moderating trend of the past two years is continuing with capacity improving in some areas, the latest Marsh report shows...
24 April 2023
It comes as no surprise that there has been a surge of interest in Discretionary Mutual Funds (DMFs) as business owners in “hardening” insurance markets seek alternative sources of risk cover...
17 April 2023
The tone is set for Australian insurers as they get into the full swing of critical reinsurance renewal talks – and any hopes for an easing in price pressures have largely been dashed by the recently concluded April season...
03 April 2023
Climate change means more natural disasters, which presents increased risk for business and the community as insurers feel the pressure. Something has to change...
27 March 2023
Just shy of one year after the eastern Australia floods, severe floods brought Auckland, New Zealand's largest city, to a standstill, marking another record-breaking flood event in the region...
20 March 2023
The Australian Financial Complaints Authority held virtual forums last week to spell out to members how it’s planning to tackle looming challenges, including significant delays in resolving complaints...
13 March 2023
The flood catastrophe that struck Queensland and NSW in February and March last year is the most expensive insured loss event on record, at $5.76 billion and counting...
06 March 2023
Munich Re’s local MD Scott Hawkins has published an article detailing his views on extreme weather events and the rising cost of insurance...
27 February 2023
Rising premiums and acquisitions have delivered strong first-half results for each of the three listed insurance broking companies, with the firms upgrading outlooks and delivering positive messages to the market...
20 February 2023
Australia has so far this season avoided the extensive wind-driven destruction that tropical cyclones can bring but the impact of Gabrielle in New Zealand has again shown the devastating impacts of such storms even as they move south and change...
13 February 2023
Much as it did prior to the federal election last May, the Insurance Council of Australia has published a series of demands as NSW residents prepare to head to the polls on March 25...
06 February 2023
Almost like Exhibit A, IAG’s margin downgrade and discussion about rising premiums, inflation and natural peril costs came just a day after the first meeting of a new Federal Government and industry group looking at resilience and insurance affordability...
30 January 2023
As the industry gets into the swing of a new working year, employers and their staff will be hoping they’ve seen the last of covid lockdowns...
12 December 2022
With more Australians living in apartment complexes and plenty of issues affecting buildings and insurance, the last thing owners need is convoluted practices that are so opaque that they leave the door open to questionable practices...
05 December 2022
As the claims keep trickling in, this year’s flood catastrophe that struck NSW and Queensland in February and March has become the worst on record for Australia, as far as insured losses go...
28 November 2022
A federal parliamentary committee inquiry hearing ran all day on Friday, investigating the operation and implementation of the government’s new cyclone reinsurance pool...
21 November 2022
Quality of Advice reviewer Michelle Levy says that in a “perfect world”, there’d be no commissions – in the sale of general insurance, or just about anything else...
14 November 2022
The insurance industry’s message on improving disaster resilience is finally getting through – millions of dollars are being put aside for mitigation measures and ambitious buy-back and build-back programs have been launched...
07 November 2022
The launch of the Insurance Council of Australia Climate Change Roadmap marks a step-change in the industry’s approach to one of the defining issues of our time...