Daily
Insurtechs show 'resilience' despite pandemic challenges
03 August 2021
Australia’s insurance-focused digital ventures have displayed “maturity and resilience” in what has been a challenging period because of the pandemic disruption, according to Insurtech Australia...
Insurer not liable for broker failure to provide criminal history
03 August 2021
A Hollard customer whose claim for fire damage was declined because his past criminal offences were not disclosed when his brokers arranged the business insurance policy has lost his dispute with the insurer...
icare appoints new Customer Advocate
03 August 2021
NSW state insurer icare has appointed Melanie Howard-McDonald as its new Customer Advocate...
Liberty shuffles leadership pack after departure
30 July 2021
Liberty Specialty Markets Asia Pacific has announced two appointments following the exit of Chief Risk Officer Australia Michelle Smith...
ANZIIF unveils awards to honour Donna Walker
30 July 2021
The Australian and New Zealand Institute of Insurance and Finance will this year present two awards that honour Donna Walker, who died while holidaying in East Africa two years ago...
Insurtech funding sets record as WTW sounds warning
30 July 2021
Insurtechs have raised more funding in the first half of this year globally than for all of 2020 after a record second quarter, Willis Towers Watson says in a report that also warns some businesses may be rushing toward public listings without being ready for market realities...
Insurer wins three car pile-up dispute
30 July 2021
An uninsured driver who was sandwiched in the middle of a three-car "nose-to-tail" collision has lost a dispute after RACQ Insurance agreed to cover damage at the rear of his vehicle but denied liability for damage to the front...
Queensland aims to lower premiums with council grants
29 July 2021
The Queensland Government has provided funding for local council projects under a disaster risk reduction program that aims to help lower the cost of insurance in northern Queensland...
Suncorp begins executive search for new CIO Insurance
29 July 2021
Suncorp is undertaking an internal and external recruitment process to find a replacement for Darren Abbruzzese, its CIO Insurance who departs to take a senior role at NAB next month...
Johns Lyng acquires majority Steamatic stake
29 July 2021
Johns Lyng Group has acquired a 60% interest in national restoration services company Steamatic Australia, providing it with increased local scale as the company also looks at further international growth...
Insurer 'not liable' for underinsurance following bushfire
29 July 2021
A policyholder whose home was destroyed by bushfire has failed to hold her insurer responsible for "significant underinsurance"...
Australia rate increases moderating: Marsh index
28 July 2021
Commercial insurance rates in the Australia-led Pacific market rose 23.2% in the three months to June, marking a slowdown in the pace of price growth for the second straight quarter, according to Marsh’s latest Global Insurance Market Index report...
No easing of hard construction market: WTW
28 July 2021
Heightened underwriter scrutiny and reduced capacity are pushing premiums in the local construction sector higher still, with no relief to the hard market in sight, Willis Towers Watson says...
IAG employee lifts lockdown spirits with viral video
28 July 2021
It’s tough going right now for many insurance industry employees forced to work remotely as the Sydney lockdown drags on – but one IAG member of staff has brought back some joy with a charming online music video...
INsight podcast: merger meltdowns and lingering lockdowns
28 July 2021
This latest Insurance News podcast discusses the collapse of the Aon/Willis Towers Watson merger, which would have created the largest insurance brokerage in the world...
QBE confirms Costigan exit
27 July 2021
QBE Interim MD Australia Frank Costigan will leave the company on Friday, just days before his successor arrives...
Forcing coverage 'dangerous', ICA tells coal inquiry
27 July 2021
Creating an essential services regime requiring underwriters to cover certain businesses could have adverse ramifications, Insurance Council of Australia CEO Andrew Hall has told a Parliamentary committee inquiry that’s looking at problems facing the coal industry...
Allianz Partners names former Suncorp executive as CEO
27 July 2021
Allianz Partners Australia announced today Christopher McHugh will join the business as CEO on August 2, taking over from Miranda Fennell who has held the role on an interim basis...
AFCA backs insurer in capsized houseboat claim dispute
27 July 2021
An IAG customer who challenged the insurer’s decision to decline her claim for damage to her houseboat after it sank during a storm has lost her dispute before the Australian Financial Complaints Authority...
IAG reports loss as liability costs, provisions rise
23 July 2021
IAG has reported a $427 million full-year loss based on preliminary figures, with provisions hitting the bottom line, and the insurer flagging claim cost impacts in liability classes...