Thousands driving uninsured, iSelect warns
04 December 2017
More than 700,000 Australians are driving uninsured vehicles, according to new research commissioned by iSelect…
Local
Rates rise further as northern hemisphere plays catch-up
27 November 2017
Australian composite rates increased 13.6% in the third quarter, while the global composite fell for the 18th consecutive quarter, according to Marsh’s Global Insurance Market Index…
Disaster costs to hit $39 billion a year by 2050
27 November 2017
Natural catastrophe economic costs are forecast to more than double to $39 billion a year by 2050, according to the Australian Business Roundtable for Disaster Resilience & Safer Communities…
Key broker role may involve changes, UAC survey finds
27 November 2017
Brokers will continue to play a key role over the next five years, but may have to adjust their services and “value proposition” to end customers, according to an Underwriting Agencies Council survey…
Uber-style data breach cover-ups ‘could happen here’
27 November 2017
Companies in Australia may be concealing data breaches in much the same way Uber has, a JLT cyber expert says…
APRA releases first quarterly earnings stats
27 November 2017
The Australian Prudential Regulation Authority has released the first edition of its quarterly general insurance institution-level statistics…
Industry bites back after senator’s attack
27 November 2017
The general insurance industry has hit back after One Nation senator Brian Burston made a series of allegations in Parliament, accusing him of “choosing to ignore” facts that contradict his comments…
Make most of technology, AUB urges brokers
27 November 2017
Brokers have a chance to demonstrate their value to clients who are still trying to understand insurtech and the changes it brings to the market, according AUB Group…
Climate change opens new business areas: actuaries
27 November 2017
Insurers face new opportunities and challenges from climate change, according to an Actuaries Institute report…
La Nina looking more likely
27 November 2017
The Bureau of Meteorology warns the likelihood of a La Nina weather event has increased to 70%, as the tropical Pacific approaches the temperature threshold…
No respite for southern regions on fire risk
27 November 2017
While southeast Queensland and north NSW have had their seasonal bushfire risk downgraded to “normal” due to heavy rainfall, southern regions have not been so lucky, according to the Southern Australia Seasonal Bushfire Outlook’s November update…
Diversity delivers workplace benefits, study shows
27 November 2017
Research from Diversity Council Australia and Suncorp shines a light on discrimination in the workplace and shows employees in diverse teams are more likely to be effective…
Shannons leads way on driver satisfaction
27 November 2017
Suncorp-owned specialist insurer Shannons has topped Roy Morgan’s annual comprehensive car insurance satisfaction survey…
Relationships, education key to broker-SME bond: Vero
27 November 2017
New Zealand brokers should spend more time nurturing young, new and smaller clients to develop valuable long-term relationships, according to Vero’s final SME Insurance Index report for the year…
Watch your backs on the road, Allianz warns
27 November 2017
“Hit in the rear” collisions have dominated motor claims in Victoria and NSW over the past three years, according to new data from Allianz…
NZ SMEs a problem area for cyber coverage
27 November 2017
The Insurance Council of New Zealand says the country’s SMEs lag their Australian counterparts in taking up cyber protection…
Profits on rise as cycle turns: KPMG
20 November 2017
Insurance industry profits may be on course for a sustained improvement after surging 25% to $4.85 billion last financial year, according to a KPMG report…
Industry premium climbs to $45 billion
20 November 2017
General insurers recorded gross earned premium of $45.3 billion for the year to September 30, according to the latest Australian Prudential Regulation Authority statistics…
ACCC opens debate on premiums in north
20 November 2017
Northern Australians who face rising insurance premiums can air their grievances in public forums hosted by the Australian Competition and Consumer Commission…
Still a chance for La Nina, but not as we know it
20 November 2017
There remains a 50% chance of a La Nina weather event developing this summer, but experts believe it would not bring the increased rainfall usually associated with it…