EQC teams up to clear flood debris
25 September 2017
The Earthquake Commission has worked with councils and contractors to clear silt and debris from 251 flood-damaged properties in the town of Edgecumbe, acting on a request from the Government…
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Insurtechs force industry to keep up
18 September 2017
Australia’s major insurers are building their digital strengths in response to the insurtech challenge, according to IT consultant Capgemini…
Rate rises to lift NZ insurers, S&P says
18 September 2017
New Zealand property and casualty insurers will receive an earnings boost from rate rises in personal and commercial lines, according to S&P Global Ratings…
Annual vehicle theft figures rise
18 September 2017
The number of vehicle thefts nationwide grew 4% to 56,184 last financial year, according to the National Motor Vehicle Theft Reduction Council…
Flammable cladding ‘faces coverage rejection’
18 September 2017
Buildings featuring flammable cladding that does not adhere to Australian standards may find it hard to access full insurance cover, according to Strata Community Insurance…
Road crashes take $30 billion toll on economy
18 September 2017
Deaths, injuries and other consequences of road accidents cost the economy almost $30 billion a year, according to the Australian Automobile Association…
Quake settlements tracking ahead of expectations
18 September 2017
Private insurers have settled or partially settled 59% of residential and commercial claims from the Kaikoura earthquake, the Insurance Council of New Zealand says…
Little lies cause big trouble, NZ Ombudsman warns
18 September 2017
New Zealand Insurance & Financial Services Ombudsman Karen Stevens has warned consumers against believing a “bit of a lie” won’t hurt when it comes to insurance…
First-half intermediary premium hits $9.4 billion
11 September 2017
Insurance intermediaries invoiced $9.4 billion in premium in the six months to June 30, according to Australian Prudential Regulation Authority statistics…
Rate gains, reinsurance underpin robust earnings outlook: S&P
11 September 2017
General insurers will generate strong earnings for the next few years, supported by premium increases and robust reinsurance protection, according to S&P Global Ratings…
Couple denies scamming $17 million from Dual
11 September 2017
A married couple will stand trial next week accused of defrauding Dual Australia of $17 million between 2011 and 2013…
Experts fear severe bushfire season
11 September 2017
Most of the east coast of Australia faces above-normal bushfire risk this summer, according to the Bushfire and Natural Hazards Co-operative Research Centre southern outlook…
Customer loyalty growing, survey shows
11 September 2017
Nearly 78% of Australians stayed with the same general insurer when their policies were last due for renewal, up slightly from 79.9% in 2013, according to a Roy Morgan Research survey…
SMEs want broader service from brokers: Vero
11 September 2017
About 61% of SME owners consider it “very important” that brokers provide advice on non-business covers such as personal insurance and other financial products, Vero says…
Winter storm damage tips NZ into record year
11 September 2017
Several days of bad weather in July left insurers with a $NZ31 million damage bill, and made this the most expensive year for weather events, according to the Insurance Council of New Zealand…
Day warns of PI challenges amid change
11 September 2017
Social and regulatory changes are having a significant effect on professional indemnity demand, while the emergence of robo-advice will offer new challenges, Suncorp Insurance CEO Anthony Day says…
Canterbury quake risk ‘breeds bold businesses’
11 September 2017
The Christchurch earthquakes have given rise to a resilient and innovative business community willing to take on more risk than elsewhere, according to research commissioned by Suncorp…
Old Wellington homes ‘more vulnerable’ to quakes
11 September 2017
Wellington homeowners should check their houses for vulnerabilities to earthquakes, according to Insurance Council of New Zealand research…
Premiums rise as insurers flee high-risk business, Marsh says
04 September 2017
Major broker Marsh says insurers are imposing sharp premium rises on high hazard risks and loss-affected accounts knowing they won’t lose the business because there’s so little competition for it…
AIG sees blockchain potential after pilot success
04 September 2017
AIG Australia CEO Noel Condon says blockchain technology could soon be used in the local market as the insurer explores opportunities following a successful international pilot…