Daily
New code 'should include Hayne reforms'
29 May 2019
Actuarial consultant Finity has urged the industry to include in its code the Hayne royal commission’s list of recommendations that apply to general insurance products...
Protecting communities: new flood data released
29 May 2019
Flood modellers have been given access to “more reliable and robust data than ever before”, following the release of a major update...
Analysts say Suncorp CEO’s exit ‘wasn’t a surprise’
28 May 2019
Financial analysts say Suncorp’s decision to part ways with CEO Michael Cameron reflects market concerns that the company has failed to live up to its potential or to clearly articulate its strategy under his leadership...
Allianz cuts key lines from NZ commercial market
28 May 2019
Allianz has axed three major commercial insurance lines from its New Zealand operations after a strategic review...
Townsville mayor wants case study on floods to fix premium woes
28 May 2019
A case study of the Townsville floods disaster could help the Australian Competition and Consumer Commission with its ongoing inquiry into the north’s insurance affordability problem, the city council says.
Talbot announces closure of Australian office
24 May 2019
Talbot Underwriting is shutting down its only Australian office in Sydney, and will service renewals through its Singapore and London branches, the AIG-owned agency confirmed today...
NIBA unveils Victoria/Tasmania award winners
24 May 2019
Avi Tatarka of Scott Winton Insurance Brokers in Melbourne has won the National Insurance Brokers Association’s top honour for the southern region...
Shopping around but sticking around: fewer people switch insurers
24 May 2019
More customers are comparing providers before renewing their insurance policies, but fewer are deciding to switch after looking at the alternatives, according to Roy Morgan Research...
20 years and counting: Proclaim celebrates milestone
23 May 2019
Claims management company Proclaim says it is preparing for the challenge of the “information revolution” as it celebrates its 20th anniversary today...
APRA fires capital requirement warning shot
23 May 2019
The Australian Prudential Regulation Authority is considering additional capital requirements for several institutions after uncovering “material weaknesses” in governance and management of non-financial risks such as culture and accountability...
Steadfast, icare return for third Mansfield Awards
23 May 2019
Steadfast and Insurance & Care NSW (icare) have agreed to sponsor the Mansfield Awards for the third consecutive year...
Ensurance reassures ASX over its financial state
22 May 2019
Insurance underwriting agency Ensurance says it “will be able to continue its operations” in response to an Australian Securities Exchange query over its financial state...
ASIC chief warns: 'first, do no harm'
22 May 2019
The financial services industry needs to embrace the concept of “first, do no harm”, Australian Securities and Investments Commission Chairman James Shipton says...
Australia exposed to Asia’s risky businesses
22 May 2019
Australia is one of the most resilient nations in the world but businesses are increasingly exposed to greater risks in Asia, according to a new report...
Crisis talks as bogus London lineslip revealed
21 May 2019
A London-based JLT Re broker has been sacked after a lineslip facility insuring Australian policyholders was exposed as a sham…
Hayne sparks demand for specialists, but salary war looms
21 May 2019
Insurance professionals with niche skills in areas such as handling complex claims, risk and compliance can command higher salaries as the industry gears up to comply with the reforms tabled by the Hayne royal commission, recruiter Hays says today…
Tower bounces back with first-half profit
21 May 2019
New Zealand’s third-largest general insurer Tower today announced a return to the black with a first-half net profit of $NZ11.9 million ($11.3 million) as ongoing efforts to revamp the business yield dividends…
Australia’s premium growth leads the world
17 May 2019
Commercial premium in the Pacific, along with the region’s largest market Australia, grew at the fastest pace in the world during the first quarter, Marsh says...
Suncorp’s pre-election warning: ‘involve insurers in reform, or pay the price’
17 May 2019
The incoming Federal Government, whichever party is elected, must consult with the insurance industry and take a balanced approach to royal commission reforms, or risk the chaos of insurer collapse, Suncorp says...
QBE ‘won’t replace’ departing executive
17 May 2019
QBE has announced the exit of Group COO David McMillan, who is leaving to become CEO of a UK insurer...