Daily
NTI recruits key executive from rival insurer
11 April 2019
National Transport Insurance (NTI) has announced the appointment of Zurich’s Nick Dendrinos as its Head of Motor...
Townsville revisited: unhappy customers 'don't tell whole story'
10 April 2019
The insurance industry is standing by its response to devastating flooding in Townsville despite television reports focusing on residents’ complaints...
Tokio Marine aims for growth with Sydney acquisition
10 April 2019
A subsidiary of Tokio Marine & Nichido Fire Insurance has acquired Sydney-based specialist underwriting agency Bond & Credit Company for an undisclosed amount...
Eye in the sky: aerial imaging group targets Australian insurers
10 April 2019
The Geospatial Intelligence Centre, which collects North American aerial data for the insurance industry on a not-for-profit basis, is expanding its operations to Australia and New Zealand...
Code red: insurers reject scathing report card
09 April 2019
Insurers and the Insurance Council have come out strongly in defence of their performance after a report showed a 32% rise in breaches of their voluntary code of practice last financial year...
Relationship risks key for insurers
09 April 2019
Insurers should introduce a new annual review to prevent the social and reputational risks highlighted by the Hayne royal commission, an Actuaries Institute paper released today says...
Insurance Advisernet quits NZbrokers
09 April 2019
Insurance Advisernet New Zealand today announced its resignation as a corporate member of NZbrokers as it looks to an “independent” future...
New product laws ‘ignore insurer concerns’
05 April 2019
The Insurance Council of Australia says serious concerns it raised about the product design and distribution reforms that passed Parliament this week were not addressed, and could lead to higher costs being passed on to customers...
Gallagher chooses UK firm’s digital claims platform
05 April 2019
Gallagher is rolling out a new digital claims platform in Australia that will cut processing time and speed up insurers’ responses...
Caught in greenslips: More charges in CTP fraud probe
05 April 2019
Four more people have been charged over their alleged role in a compulsory third party (CTP) insurance fraud syndicate operating across Sydney...
Product reforms passed: How they affect insurance
04 April 2019
Product design and distribution laws that aim to boost consumer protections have passed Parliament in the final sitting days before the expected federal election...
Weathermen watching out for Wallace
04 April 2019
A tropical low presently off the northwest of the Top End could develop into a cyclone as early as tomorrow, the Bureau of Meteorology said today...
NZ considers earthquake warning system
04 April 2019
New Zealand’s Earthquake Commission has launched research into the development of an earthquake early warning system...
Falling trust: Hayne horrors hit brokers
03 April 2019
Brokers are facing declining trust levels following the Hayne royal commission, and more businesses are buying at least part of their cover in the direct market, the annual Vero SME Insurance Index released today shows...
Hollard launches support campaign – Long Live Brokers!
03 April 2019
Hollard Commercial Insurance has launched a year-long campaign to support insurance brokers and “promote the good work they do”...
Where's the money? Budget's empty answer to insurers
03 April 2019
The Insurance Council of Australia has slammed as “short-sighted” the Morrison Government’s decision not to prioritise mitigation spending in the wake of the Townsville floods...
AUB division chief heads for exit
02 April 2019
One of AUB Group’s key divisional heads has left the business to focus on a new digital start-up...
New era arrives as Marsh-JLT join up
02 April 2019
Marsh & McLennan’s $US5.6 billion ($7.8 billion) acquisition of rival global broker JLT has taken effect after a final court order, with Australia a key market for the combined business.
Great expectations: New Zealanders challenged on post-disaster reality
02 April 2019
New Zealand has to re-examine whether it is practical to continue to expect the Government or insurers to get properties back to the condition they were in before disaster struck, the Insurance Council of New Zealand says...
Dead broke: CBL has no money to pay creditors
29 March 2019
New Zealand-based insurer CBL Corporation has yet to pay any of its creditors who are owed at least $NZ173 million, the voluntary administrators say in a new report...