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...
26 June 2023
An Australian Securities and Investments Commission directive for insurers to review pricing promises has resulted in a report outlining critical failings that led to undelivered discounts and misrepresentations...
19 June 2023
Australia has finally shaken off its mitigation inertia as the Albanese Government prepares to disburse $200 million to more than 180 projects that qualified for the first round of funding under its five-year $1 billion Disaster Ready Fund...
05 June 2023
Three years of La Nina drenchings have delivered a mostly normal bushfire outlook across Australia this winter but long-range weather forecasts are stirring some early concerns for higher-risk periods further ahead, with Black Summer memories all too recent...
29 May 2023
Cyber risk refers to any risk of financial loss, disruption to operations and data or reputation relating to breaches in an organisation’s information technology systems...
22 May 2023
AUB Group may not have intended to retain full ownership of the Tysers retail business, but much has changed in the past year, and the decision to ditch a joint venture plan has gained a cautiously positive reception...
15 May 2023
Treasurer Jim Chalmers handed down his second federal budget last week, and while there are some key wins for the insurance industry, there’s much more to do...
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...