Daily
Sedgwick plans for Australia, NZ growth
29 November 2018
Sedgwick, the world’s largest claims administrator, says it is targeting growth in Australia and New Zealand after merging the Cunningham Lindsey operations into its business...
Claims low after giant Sydney rainstorm
28 November 2018
Insurers appear to have emerged from Sydney’s wettest day for 34 years with relatively few claims to worry about...
Disruptor Huddle raises funds to target ‘stagnant’ industry
28 November 2018
Insurtech disruptor Huddle, which offers motor, travel and home products underwritten by Hollard, has raised $19.25 million to accelerate its growth strategy...
Tower reports loss as storms bite
28 November 2018
New Zealand insurer Tower has reported a $NZ6.7 million ($6.3 million) loss after the impact of severe storm activity, earthquake provisions and a dispute settlement...
Wet season bushfires blanketing Queensland
27 November 2018
The Insurance Council of Australia is monitoring dozens of bushfires that are burning across Queensland, despite the wet season being underway...
Driving positive outcomes: telematics picks up pace
27 November 2018
The transport industry is increasingly willing to invest in telematics and in-cab monitoring, with fleet operators hailing some big insurance savings...
Global 1-in-100 year loss estimates 'reach $374 billion'
27 November 2018
Insured losses from global catastrophes worldwide could reach $US270.9 billion ($374 billion) in a 1-in-100 year scenario, modelling firm AIR Worldwide estimates...
ASIC considers action on CBA’s insurance mis-selling
23 November 2018
The Australian Securities and Investments Commission will consider taking action against the Commonwealth Bank over mis-selling of consumer credit insurance...
Say that again: NIBA plans more broker surveys
23 November 2018
The National Insurance Brokers Association (NIBA) has decided to survey brokers about insurers’ performance several times a year in future...
Ignorance abroad: Travellers casual about cover
23 November 2018
The insurance industry is “increasingly concerned” for Australian tourists following the publication of a survey which shows many are complacent about travel insurance...
Local market leads the world in commercial premium rises
22 November 2018
Australia’s commercial insurance market was the world leader for premium rises in the third quarter, according to global broker Marsh...
Internet of Things could cut claims, says Lloyd’s
22 November 2018
The major expansion of data capture brought about by the growth of the Internet of Things could reduce the number of insurance claims and premiums, according to new Lloyd’s research...
Insurers’ profits up 28% as premiums firm
22 November 2018
Insurers and reinsurers produced a combined $3.9 billion net profit in the year to September, up 28% on the previous 12 months as underwriting results and investment income improved...
Industry fumes as Fels attacks ‘loyalty tax’
21 November 2018
Strident insurance critic Allan Fels has accused home and contents insurers of imposing a “loyalty tax” on long-term policyholders – stirring angry industry reactions...
Liberty Mutual drops Ironshore brand in specialty merger
21 November 2018
Some 16 months after buying global specialty underwriter Ironshore, Liberty Mutual is merging the local Ironshore operation into a combined commercial specialty lines business...
Personally, NZ insurers are bad at keeping secrets
21 November 2018
New Zealand’s financial services sector is deficient in protecting customers from internal breaches of personal information, according to New Zealand Privacy Commissioner John Edwards...
CBA delayed action over consumer credit insurance failures
20 November 2018
The Hayne royal commission has heard how the Commonwealth Bank continued to sell consumer credit insurance products for years after concerns were raised...
Kiwis fear insurance retreat from high risks
20 November 2018
New Zealanders are becoming increasingly concerned that insurers may withdraw cover from high-risk areas as the impact of climate change intensifies...
CEOs take the pledge – zero tolerance for harassment
20 November 2018
Executives from some of Australia’s leading insurance groups have pledged an “unwavering commitment” to creating diverse, inclusive workplaces...
QBE chief explains staffing restructure
16 November 2018
QBE has outlined the thinking behind a strategic reshuffle that resulted in dozens of managerial roles being made redundant...