NZ losses mount on storm, flood claims
28 May 2018
Insurance losses from storms in Auckland last month have passed $NZ72 million…
Local
Industry CEOs back cyber-attack preparation
28 May 2018
Insurance is the third most prepared industry for a cyber attack, according to KMPG’s latest global CEO survey…
Scammers take heavier toll
28 May 2018
Australian businesses lost nearly $4.7 million to scammers last year – up 23% on the previous year…
Buyers in dark on lenders’ mortgage cover
28 May 2018
Almost half of prospective homebuyers are unsure how lenders’ mortgage insurance works…
NZ quake researchers find more fault lines
28 May 2018
More fault lines have been discovered under Hamilton in New Zealand, which may increase insurance premiums…
Industry urged to target Millennials, Gen Z
21 May 2018
Millennials and Generation Z consumers offer the greatest growth potential for insurers because they will take out more cover as they grow older, research company Roy Morgan says…
Queensland group aims to reduce marine risk
21 May 2018
Whitsundays broker Maria Dwyer has helped form a group to reduce marine risk in the region…
Funding woes put infrastructure top of councils’ risk list
21 May 2018
Infrastructure has topped an annual ranking of local government risks, while cyber jumps to fourth place after entering the list for the first time last year…
Australian business resilience dips as cyber concerns grow
21 May 2018
Australia has ranked 17th in a global index assessing the resilience of business environments, with cyber exposure and infrastructure quality emerging as concerns…
Old methods still working for cyber crooks
21 May 2018
Cyber criminals are still wreaking havoc on computer systems using “traditional” techniques, brokers have been warned…
Quake model’s seismic shift may affect loss estimates
21 May 2018
An update to Australia’s earthquake hazard model has more than halved both the number and annual rate of damaging events the country’s east is thought to suffer, and may lead to a significant reduction in insurance loss estimates…
Hobart storm losses climb as more claims come in
21 May 2018
Insurance losses from floods in the Hobart region this month have climbed to $27.99 million as the clean-up continues…
Risk modelling start-up harnesses new tech
21 May 2018
New catastrophe risk modeller Reask has begun operations…
Modeller identifies Tathra bushfire pattern
21 May 2018
A much higher percentage of homes were lost within one metre of bushland during bushfires in the NSW town of Tathra than in comparable blazes…
Flood-prone Brisbane suburbs enjoy sharp price growth
21 May 2018
House prices in flood-prone suburbs of Brisbane have outperformed the rest of the city…
EQC discovers almost 1000 unreported claims
21 May 2018
New Zealand’s Earthquake Commission has revised the number of open claims it is working to settle after upgrading its claims management system…
Industry slams budget mitigation ‘failure’
14 May 2018
The insurance industry has criticised the lack of disaster mitigation spending in the new federal budget…
Rising weather risk hits construction industry
14 May 2018
The construction industry is facing rising risks from more frequent extreme weather events, Gallagher says in a white paper…
Insurers ‘playing catch-up’ on climate risks
14 May 2018
Insurers have been warned against underestimating the gradual increase in natural peril costs due to climate change…
ICA declares Hobart storms a catastrophe
14 May 2018
The Insurance Council of Australia has declared a catastrophe in Hobart following heavy storms on Friday…