Industry urged to target Millennials, Gen Z
21 May 2018
Millennials and Generation Z consumers offer the greatest growth potential for insurers because they will take out more cover as they grow older, research company Roy Morgan says…
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Queensland group aims to reduce marine risk
21 May 2018
Whitsundays broker Maria Dwyer has helped form a group to reduce marine risk in the region…
Funding woes put infrastructure top of councils’ risk list
21 May 2018
Infrastructure has topped an annual ranking of local government risks, while cyber jumps to fourth place after entering the list for the first time last year…
Australian business resilience dips as cyber concerns grow
21 May 2018
Australia has ranked 17th in a global index assessing the resilience of business environments, with cyber exposure and infrastructure quality emerging as concerns…
Old methods still working for cyber crooks
21 May 2018
Cyber criminals are still wreaking havoc on computer systems using “traditional” techniques, brokers have been warned…
Quake model’s seismic shift may affect loss estimates
21 May 2018
An update to Australia’s earthquake hazard model has more than halved both the number and annual rate of damaging events the country’s east is thought to suffer, and may lead to a significant reduction in insurance loss estimates…
Hobart storm losses climb as more claims come in
21 May 2018
Insurance losses from floods in the Hobart region this month have climbed to $27.99 million as the clean-up continues…
Risk modelling start-up harnesses new tech
21 May 2018
New catastrophe risk modeller Reask has begun operations…
Modeller identifies Tathra bushfire pattern
21 May 2018
A much higher percentage of homes were lost within one metre of bushland during bushfires in the NSW town of Tathra than in comparable blazes…
Flood-prone Brisbane suburbs enjoy sharp price growth
21 May 2018
House prices in flood-prone suburbs of Brisbane have outperformed the rest of the city…
EQC discovers almost 1000 unreported claims
21 May 2018
New Zealand’s Earthquake Commission has revised the number of open claims it is working to settle after upgrading its claims management system…
Industry slams budget mitigation ‘failure’
14 May 2018
The insurance industry has criticised the lack of disaster mitigation spending in the new federal budget…
Rising weather risk hits construction industry
14 May 2018
The construction industry is facing rising risks from more frequent extreme weather events, Gallagher says in a white paper…
Insurers ‘playing catch-up’ on climate risks
14 May 2018
Insurers have been warned against underestimating the gradual increase in natural peril costs due to climate change…
ICA declares Hobart storms a catastrophe
14 May 2018
The Insurance Council of Australia has declared a catastrophe in Hobart following heavy storms on Friday…
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…
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…