Richard Klipin to take reins at NIBA
18 March 2024
The National Insurance Brokers Association has appointed Richard Klipin as CEO, effective May 27 as Phil Kewin departs the role...
Local
Construction premiums move in ‘more positive’ direction
18 March 2024
Broker WTW expects Australian construction premium rates to ease further as insurers shift their focus away from portfolio remediation and towards growth...
Complaints ombudsman outlines systemic issues
18 March 2024
The Australian Financial Complaints Authority identified and investigated 111 possible systemic issues in the second half of last year, leading to more than $40 million in remediation to more than 139,000 consumers...
Severe Tropical Cyclone Megan on track to cross NT coast
18 March 2024
Severe Tropical Cyclone Megan has formed in the Gulf of Carpentaria and is likely to cross the NT coastline later today, the Bureau of Meteorology says...
Ombudsman urges New Zealanders to take care
18 March 2024
New Zealand consumers have been warned about their duty of care following an insurance dispute over a vehicle that was lost to the sea while being driven on a beach...
Growing fuel load sparks call for early fire prep
18 March 2024
Queenslanders have been urged to start preparing for the next bushfire season after a wet summer brought significant vegetation growth...
Industry anxious over cyber, regulation, climate
11 March 2024
Insurers in Australia worry most about cyber crime, followed by regulation and climate change, according to a biennial survey by consultancy PwC...
Premium growth cooling, S&P says
11 March 2024
Premium growth in Australia is predicted to moderate to about 6% this year after posting double-digit rises following the 2022 floods, S&P Global Ratings says...
Client engagement is key as satisfaction soars: SME index
11 March 2024
Sentiment towards insurance is shifting, with more businesses keen to insure every risk despite grappling with economic pressures, the annual Vero SME Insurance Index has found...
Weather bureau flags neutral phase by May as El Nino fades
11 March 2024
Modelling points to neutral climate driver conditions by May, with neither El Nino nor La Nina influencing weather patterns...
ICA to host more forums on summer catastrophes
11 March 2024
The Insurance Council of Australia will hold a second round of consultations for Queensland communities affected by Tropical Cyclone Jasper and the Christmas and New Year floods...
Insurance groups disclose salary gaps
04 March 2024
More than 120 insurance industry companies that employ 100 or more staff have revealed for the first time the disparity between what they pay men and women...
Lawyer warns of more covid BI legal action as AFCA ‘slams door’
04 March 2024
An Australian Financial Complaints Authority decision on a covid business interruption dispute has shut the door on many claims and is likely to lead to more legal action, a lawyer says...
AI tipped to open new markets
04 March 2024
Artificial Intelligence can help insurers enter markets such as large-scale cyber that lack lengthy loss histories, according to a new report from Global Insurance Law Connect...
Australia exposed as climate threat grows: Swiss Re
04 March 2024
Australia is among the countries most exposed to economic losses from weather-related perils, according to a new climate risk report from Swiss Re...
NZ apartment owners seek answers on rising premiums
04 March 2024
Apartment owners in Wellington, New Zealand, have launched an advocacy group to tackle soaring insurance premiums in high-rise strata blocks...
Australia ranks high for flood exposure, coverage: Munich Re
26 February 2024
Australia has more insured properties exposed to flood than Britain despite its smaller population, Munich Re Australia MD Scott Hawkins has told the parliamentary inquiry into the industry’s response to the 2022 catastrophes...
El Nino continues to weaken, with end in sight
26 February 2024
The El Nino event in the Pacific Ocean continues to weaken and conditions are expected to return to neutral in April or May, the Bureau of Meteorology says...
Abuse victim awarded $2.4 million as 1994 payout overturned
26 February 2024
A court has set aside a three-decade-old settlement of $34,000 in a sexual abuse case and awarded the victim $2.4 million in damages for the same claim...
In Insurance News magazine this month 
26 February 2024
US-based WR Berkley President and CEO Rob Berkley visited the insurer’s Australian operations this month, and spent time with Insurance News magazine to outline the group’s management philosophy...