Industry hails Queensland cyclone mitigation vow
13 November 2017
Insurers have welcomed Queensland Labor’s $20 million pledge to improve cyclone resilience for older homes in the state’s north if re-elected on November 25…
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Industry logs almost $4 billion in profit
13 November 2017
The general insurance industry has recorded an annual after-tax net profit of about $3.92 billion, according to a calculation based on latest statistics released by the Australian Prudential Regulation Authority…
Suncorp warns of disruption, regulation ‘pincer movement’
13 November 2017
Financial services incumbents face a two-pronged assault from regulation and disruption, Suncorp CFO Steve Johnston says…
Fintech comes of age as consumers embrace change
13 November 2017
The number of fintechs has more than doubled since 2015 to about 600 and revenue is rising, indicating the sector is maturing, according to the latest EY Fintech Australia Census…
APRA publishes claims stats
13 November 2017
The Australian Prudential Regulation Authority has released the first edition of its General Insurance Claims Development Statistics…
ICNZ conference presents varied insights
13 November 2017
A wide range of speakers gave the 340 participants at the Insurance Council of New Zealand conference in Auckland last week plenty to think about…
Choice runs rule over comprehensive car cover
13 November 2017
Perth-based insurer RAC’s comprehensive car insurance policy has topped a Choice ranking, and is among only six comprehensive offerings the consumer advocate recommends from 34 tested…
Gallagher warns of claims disruption as market hardens
06 November 2017
The hardening insurance market is causing disruption to claims processes, according to Gallagher’s latest quarterly market report…
New AIG chief brought local arm through GFC crisis
06 November 2017
Former Sydney-based AIG CEO Australia-Pacific Chris Townsend has returned to the group as CEO International General Insurance…
Council pursues $475 million claim against Aon
06 November 2017
Christchurch City Council is seeking to recover $NZ528 million in damages from Aon New Zealand, which intends to defend the action…
Debbie insurance response ‘fastest on record’
06 November 2017
Insurers have paid out more than 85% of claims for Cyclone Debbie at a cost of $1 billion, according to Insurance Council of Australia figures…
Hollard chief takes on ICA presidency
06 November 2017
Hollard Insurance CEO Richard Enthoven is the new Insurance Council of Australia President and board Chairman…
Cyber security poses ‘main challenge’ to insurers
06 November 2017
The insurance sector sees cyber security as the main challenge in the next year, according to a review of financial services compliance concerns by technology provider TAS…
Prepare for tough bushfire season, says Aon Benfield
06 November 2017
Insurers should prepare for a severe bushfire season as the dry winter takes its toll, Aon Benfield warns…
ASIC lays down strategy for fintech support, supervision
06 November 2017
The Australian Securities and Investments Commission will support the fintech sector’s growth while ensuring protection for consumers, Commissioner John Price says…
Campaigners demand action on affordable car cover
06 November 2017
Lack of motor insurance among low-income earners could be reduced through stamp duty reforms, an awareness campaign and extensions to third-party cover, anti-poverty campaigners say…
Kaikoura progress shows benefits of private model: ICNZ
06 November 2017
More than 75% of residential property claims relating to the Kaikoura earthquake will be settled by the end of the year, showing private insurers handling claims is the best model, according to the Insurance Council of New Zealand…
Industry on notice as ACCC probe starts
30 October 2017
Insurers will be forced to provide information to the competition watchdog for its northern Australia insurance inquiry – the latest move by the Federal Government to find a way through the region’s politically sensitive insurance premiums debate…
ICA hits back at MPs over cyclone criticisms
30 October 2017
The Insurance Council of Australia has taken two federal MPs to task over “ill-informed” criticism of the industry…
Long-awaited strata inspection scheme moves forward
30 October 2017
Insurers have welcomed an announcement from Financial Services Minister Kelly O’Dwyer that the federal and Queensland governments will work with James Cook University on developing and implementing the Strata Title Inspection Scheme…