Daily

Consumers 'still in the dark' on cyclone pool savings

29 July 2022

Policyholders are no closer to knowing the impact the cyclone reinsurance pool will have on premiums as key modelling details have still not been released, the Australian Consumers Insurance Lobby says...

Howden announces partnership with Perth broker

29 July 2022

Howden has announced a partnership with Perth-based insurance broker Unicorn Risk Solutions, saying the agreement will further strengthen its presence in WA, nationally and also in the broader Pacific market...

Claims handling a focus for AFCA, code monitoring

27 July 2022

Claims handling is expected to be a focus this financial year for the Australian Financial Complaints Authority while the issue is also set to be examined as part of code of practice independent monitoring activity...

Cyber insurance premium pool to rise 25% a year: S&P

27 July 2022

The global cyber cover premium pool is set to increase 25% a year, reaching $US22.5 billion by 2025, though profitability in the insurance line will continue to be a challenge, according to a new report from S&P...

'Sound' earnings projected for lenders' mortgage insurers: S&P

26 July 2022

Australian lenders’ mortgage insurers are on track to achieve “sound” earnings over the next 2-3 years despite the challenging economic climate and with further interest rate hikes looming on the horizon, S&P Global Ratings says in its latest industry update...

Federal Government to fund Youpla funeral claims

26 July 2022

The Federal Government will cover around $4 million in funeral claim expenses faced by First Nations communities due to the collapse of Youpla and will consider further action regarding the group’s failings...

IAG reports full-year profit, strengthens liability reserves

22 July 2022

IAG has reported a full-year profit of $347 million, recovering from a year-earlier loss, with the company releasing some business interruption provisions while strengthening commercial liability reserves following claims pressures...

NIBA names SA/NT broker award winners

22 July 2022

SUREWiSE CEO Heather Blanco and Maxton Account Executive Joseph Cuzzocrea have been crowned SA/NT National Insurance Brokers Association award winners, completing the set of ten 2022 regional finalists who all now go on to compete for national honours...