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AIMS survey highlights industry shift

16 September 2019

Brokers are starting to move business in response to new insurtech offerings, the latest AIMS member survey shows...

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IAG, Suncorp ceding ground to 'spectacular' rivals: Macquarie

16 September 2019

New entrants in the home and personal motor lines have hatched a “spectacular” plan built around the broker channel to successfully challenge the dominance of IAG and Suncorp, according to a Macquarie Research report...

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Bushfires update: claims exceed 100

16 September 2019

Insurers have so far received about 120 claims from the bushfires in NSW and Queensland...

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Climate Index shows autumn temperatures exceed average trends

16 September 2019

Australia’s most recent autumn ranked as the second most extreme in the number of hot days, according to the latest Climate Index readings...

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Lloyd’s fights total disablement claim by fast bowler Starc

16 September 2019

Lloyd’s has rejected a claim by Australian fast bowler Mitchell Starc for $1.5 million under a total disablement policy issued by one of its syndicates, denying the cricketer suffered a fracture of his right tibial bone and saying his injury does not meet the policy requirements for payment...

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Insurers getting better treatment, says adviser body

16 September 2019

The Association of Financial Advisers has slammed the “double standards” of the Federal Government extending due regulatory process to insurers while denying it to the financial advice sector...

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Cyber claims frequency, severity on the rise

16 September 2019

Cyber specialist underwriting agency Emergence Insurance says claims frequency rose 29% and average severity jumped 51% in the past financial year...

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NZ homeowners miscalculating rebuild costs

16 September 2019

New Zealand homeowners are miscalculating the cost of rebuilding their properties, leading to the risk of underinsurance, IAG has warned...

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NZ Ombudsman complaints rise by 448

16 September 2019

Complaint enquiries to New Zealand’s Financial Services Ombudsman jumped to 3805 in the year to June 30, up from 3357 in the previous year, with the most common complaint issues centred on insurance policy exclusions, scope of cover, non-disclosure, pre-existing conditions and gradual damage...

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