Daily
Sydney storm claims climbing, but Queensland firefighters keep losses low
30 November 2018
Insurance losses from the torrential rainfall that hit Sydney this week have risen to $13.5 million...
WA parliamentarians want ACCC probe into insurers
30 November 2018
A WA parliamentary committee wants the ACCC to look into possible anti-competitive conduct by insurers in the smash repair industry...
QBE creates new role as revamp gathers pace
29 November 2018
QBE has announced more changes as part of a recent restructure that resulted in dozens of managerial roles being made redundant...
As Queensland burns, forecasts point to a high-risk summer
29 November 2018
Weather experts say the risk of above-normal bushfires persists in large areas of southern Australia as more than 100 fires continue to burn across Queensland...
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...