Lucky country told to brace for worse cat losses
23 April 2018
Despite experiencing its second-worst cyclone last year, Australia has been “relatively lucky” when it comes to natural catastrophes…
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Lawyers pursue class action over combustible cladding
23 April 2018
Law firm Adley Burstyner and building inspector Roscon Property Services are building a class action against construction companies over losses caused by the use of combustible cladding in residential buildings…
Culture clash a ‘major challenge’ on innovation
23 April 2018
An industry analyst says fast-moving insurtechs and cautious insurers are still feeling their way towards working together on innovations…
Tasmanian insurer scores satisfaction hat-trick
23 April 2018
RACT Insurance has been named as generating the highest levels of customer satisfaction in the industry…
Scientists to study Kaikoura fault pattern
23 April 2018
New Zealand’s Earthquake Commission has engaged a structural geology expert from the University of Canterbury to study the mysterious effects of the 2016 Kaikoura quake…
NZ brings in tougher asbestos laws
23 April 2018
Stricter laws to protect workers from asbestos took effect in New Zealand this month…
Tathra clean-up making progress
23 April 2018
Up to 20 properties affected by the Tathra bushfires in NSW last month have been cleared as recovery efforts continue, the Insurance Council of Australia says…
What’s in Insurance News (the magazine)
23 April 2018
Financial Services Minister Kelly O’Dwyer was lost for words on television yesterday, so it’s fortunate she was a bit more forthcoming in an interview with Insurance News…
Industry urged to emulate Amazon-style model
16 April 2018
A $US375 billion revenue prize awaits insurers worldwide if they adapt their business models to be more customer-centric and fluid, according to Accenture…
Industry to have say on new resilience taskforce
16 April 2018
The Turnbull Government has pledged to consult the insurance industry about its new National Resilience Taskforce, aimed at reducing the impact of natural disasters…
SMEs in dark on business interruption, QBE says
16 April 2018
Business interruption cover has failed to gain traction among small companies, with just 17% holding such policies, according to a QBE-commissioned study…
NZ SME report spells trouble for brokers
16 April 2018
New Zealand SMEs are relying less on brokers for their insurance needs, mirroring trends in Australia and other developed markets, according to Vero…
Weather events cost NZ insurers $89 million so far
16 April 2018
Major storms in the first quarter of the 2018 have triggered claim payouts totalling $NZ93.5 million, highlighting the industry’s key role helping communities recover…
Swiss modeller updates industry exposure database
16 April 2018
Switzerland-based Perils has released property sums insured for windstorm, bushfire, hail, flood and earthquake risks in Australia…
Rate gains help insurers through ‘choppy waters’
09 April 2018
Australian property and casualty insurers are in line for “sound” underwriting profits this year after navigating a spike in claims last year, according to S&P Global Ratings…
Tailored cover a winner for insurers, AIMS survey finds
09 April 2018
Insurers offering tailored pricing and coverage are winning greater support, according to a report based on a biannual survey of Austbrokers & IBNA Member Services brokers…
Debbie loss passes $1.7 billion in pioneering measurement
09 April 2018
Swiss catastrophe data company Perils has upgraded its final loss estimate for Cyclone Debbie to $1.74 billion…
Dual fraud trial delayed until next year
09 April 2018
A married couple accused of defrauding Dual Australia of $17 million between 2011 and 2013 will stand trial next year…
Victorians sue power company over Garvoc fire
09 April 2018
Maddens Lawyers has filed a class action lawsuit against utility provider Powercor on behalf of Victorians affected by last month’s Garvoc fire in the southwest of the state…
Broker usage stabilises, Vero study finds
26 March 2018
The number of SMEs using brokers for their insurance arrangements has stabilised after falling 7% over the past five years, according to Vero…