NZ confident of reinsurer support
31 July 2017
Comments suggesting a potential withdrawal of reinsurance from the New Zealand market due to earthquake risk are no cause for alarm, according to the Insurance Council of New Zealand…
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AIR Worldwide models severe thunderstorm threat
31 July 2017
Catastrophe risk modeller AIR Worldwide has added a severe thunderstorm model to its suite of products for Australia, as potential losses from such events increase…
FOS general insurance disputes rise
31 July 2017
The number of general insurance disputes received by the Financial Ombudsman Service edged higher in the June quarter, according to its latest statistical report…
UK police give Victorians a steer on car crime
31 July 2017
Victorian police will adopt multi-agency prevention and early intervention strategies similar to those used in the UK in a bid to tackle alarming car theft rates…
Market continues to harden: Gallagher
24 July 2017
Uncertainty and a “more measured attitude” towards risk across several sectors continue to dog the market, according to broker Arthur J Gallagher’s second quarter review of the industry…
Debbie losses $1.4 billion and rising: ICA
24 July 2017
Insured losses from Cyclone Debbie have reached $1.4 billion and the total continues to rise nearly four months after the storm hit the Queensland coast, Insurance Council of Australia data shows…
Australia exposed to political instability: Allianz
24 July 2017
A series of destabilising events including the Brexit vote and election of Donald Trump may represent a systemic increase in political risk from which Australia is not immune, Allianz warns…
NZ hit by flooding after heavy rains
24 July 2017
New Zealand South Island cities Christchurch and Dunedin have been hit by heavy rain and flooding as this year’s wet weather pattern continues…
Changing storm patterns bring new wave damage threat
24 July 2017
Fluctuating storm patterns caused by climate change have rendered previously safe waterfront properties and infrastructure susceptible to severe sea damage, according to a new study…
Cyclone damage adds to Queensland fire risk
24 July 2017
Parts of Queensland face increased fire risk, partly because of damage to vegetation caused by cyclones Debbie in March and Marcia in 2015…
Kaikoura quake payments top $460 million
24 July 2017
Insurers have paid more than $NZ500 million in claims following last year’s Kaikoura earthquake…
Silt and debris cleared in Edgecumbe flood response
24 July 2017
New Zealand’s Earthquake Commission is continuing to oversee the clean-up of properties in Edgecumbe after flooding caused by the fading Cyclone Debbie…
Fintech incubator to open Melbourne hub
24 July 2017
Non-profit fintech incubator Stone & Chalk will open a hub in Melbourne to meet growing demand for support from Victoria’s start-up community…
Mansfield Awards will become annual event
17 July 2017
The Mansfield Awards for Claims Excellence are to become an annual fixture on the insurance industry calendar following a successful inaugural event last week…
Fears grow over glass falling from city buildings
17 July 2017
Exploding glass has been identified as an emerging risk in city buildings after two Melbourne balconies came crashing down, narrowly missing pedestrians in the street below…
Ambitious young business owners ‘want specialised help’
17 July 2017
Millennial small business owners are more ambitious and driven than older counterparts and more likely to want assistance in specialist areas, according to an NRMA Insurance survey…
Cloud attack could cause $67 billion loss: Lloyd’s
17 July 2017
A major cyber attack on a cloud service provider could trigger up to $US53 billion in global economic losses and pose significant risks for Australian businesses, according to Lloyd’s…
Tasman Tempest costs jump to $58 million
17 July 2017
Insured costs from the so-called Tasman Tempest, which hit New Zealand in March, have risen to $NZ61.7 million, according to final data…
Stone & Chalk joins Sydney start-up centre
17 July 2017
Fintech hub and Australian insurtech champion Stone & Chalk is relocating to the Wynyard Green building as part of the NSW Government’s $35 million Sydney Start-up Hub…
Regulatory pressures drive insurers’ IT planning
17 July 2017
Meeting regulatory requirements is the biggest influence on IT planning among general insurers in the Asia-Pacific region, according to research and advisory group Celent…