Bushfire, cyclone losses keep climbing
14 May 2018
Estimates of insurance losses from three recent natural catastrophes have soared tens of millions of dollars to $147.83 million…
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EQC handles hundreds of storm claims
14 May 2018
New Zealand’s Earthquake Commission has received 495 claims for storm-related damage in the first four months of the year…
NZ new year storm losses pass $31 million
14 May 2018
Insurance losses from New Zealand storms in early January have reached $NZ34.2 million…
Insurers flee high-risk property markets
07 May 2018
Marsh says property insurers continue to shy away from catastrophe-exposed risks as they chase profits over growth…
Robust code vital to industry’s regulatory status: ICA
07 May 2018
The industry’s ability to maintain its self-regulation status hinges on producing a “robust and ambitious” code, Insurance Council of Australia CEO Rob Whelan says…
Sprinkler research aims to improve bushfire defences
07 May 2018
Research on the effectiveness of external sprinkler systems during bushfires may have consequences for insurance premiums in fire-prone regions…
Probe uncovers ‘significant’ construction industry failings
07 May 2018
An assessment of Australia’s compliance and enforcement systems for the building and construction industry has delivered a damning verdict…
KPMG floats ‘incentivised’ workers’ comp rates
07 May 2018
A report on mental health reforms suggests workers’ compensation premiums be set according to how well a workplace meets an agreed set of benchmarks…
Suncorp NZ, ANZ complete blockchain concept test
07 May 2018
ANZ will further investigate uses for blockchain in the New Zealand insurance market after completing an early-stage concept test with Suncorp and technology partner IBM…
Drones may help predict volcanic eruption
07 May 2018
A team of New Zealand researchers will use drones to probe White Island’s toxic volcanic cloud, harnessing data that could give early warning of an eruption…
Industry ‘not immune’ from commission fallout
30 April 2018
The general insurance industry has been warned it may suffer from reputational damage caused to the broader financial services sector…
Customer loyalty runs deeps
30 April 2018
More than three-quarters of customers stay with their general insurers when policies are up for renewal, a new study reveals…
AUB warns of legal risk under new data breach regime
30 April 2018
It’s “only a matter of time” before Australian businesses follow the US trend and face class actions lawsuits as a result of data breaches, AUB Group has told clients…
Choice hails ANZ home and contents cover
30 April 2018
Its investment and banking operations are under fire at the royal commission investigating misconduct within financial services, but ANZ’s general insurance arm has been named by consumer group Choice as the provider of the best home and contents policy…
Insurtech Australia names new CEO
30 April 2018
Insurtech Australia co-founder Simon O’Dell will become CEO from tomorrow, succeeding Brenton Charnley, who will continue with the group as Chairman…
Incubator unveils insurtech scheme participants
30 April 2018
Non-profit fintech hub Stone & Chalk has announced the seven start-ups that will take part in its inaugural Insurtech Program, which is backed by QBE…
Rainfall records broken as floods hit NZ
30 April 2018
Floods hit New Zealand at the weekend, with a state of emergency declared in the Rotorua region after record rainfall…
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…
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…