ICA forum tackles tough issues
20 February 2017
Industry conferences sometimes fail to tackle the real issues, but the Insurance Council of Australia annual forum in Sydney on Friday packed serious punch…
Local
NSW reels as hailstorm, bushfires strike (updated)
20 February 2017
NSW has been pummelled by two natural catastrophes over the past week, with bushfires devastating several regional areas and Sydney and Wollongong being battered by a hailstorm on Saturday…
Industry profit surges on underwriting, investment gains
20 February 2017
Australia’s insurers and reinsurers earned a combined after-tax net profit of $2.9 billion last year, up 22.7% compared with 2015, latest statistics from the Australian Prudential Regulation Authority show…
ICA opens latest code review
20 February 2017
The Insurance Council of Australia is reviewing the General Insurance Code of Practice under a broader push to improve the industry’s reach to consumers and keep pace with recent developments…
Climate change ‘doubled’ chance of NSW heatwave
20 February 2017
The record-breaking heatwave that hit parts of eastern Australia earlier this month was made twice as likely by climate change, according to researchers…
NZ insurers score high in code assessment
20 February 2017
New Zealand insurers have achieved “high standards” in handling claims and serving customers, according to the Fair Insurance Code’s first annual report…
Cyber takes top spot in NZ risk poll
20 February 2017
Cyber attacks are perceived as the biggest external risk for New Zealand businesses this year, according to an annual Marsh survey…
EQC tallies quake claims as Kaikoura deadline passes
20 February 2017
New Zealand’s Earthquake Commission received 26,875 Kaikoura quake claims in the three months following the event…
Christchurch counts cost after deadly fire
20 February 2017
More than 1000 people were evacuated and 11 homes destroyed as a bushfire burned more than 1800 hectares of land close to Christchurch last week…
In Insurance News (the magazine) this issue
20 February 2017
Where is the Australian insurance market headed in the next 12 months? That’s the big question tackled by the latest edition of Insurance News (the magazine), which will be arriving in subscribers’ mailboxes over the next week…
ICA monitors NSW bushfire damage
13 February 2017
The Insurance Council of Australia is monitoring damage in regional NSW after more than 120 bushfires swept through rural areas following last week’s prolonged heatwave…
Choice names its top performers in personal lines
13 February 2017
SA-based insurer RAA is the most trusted personal lines insurer in Australia, according to a survey of nearly 3000 people by consumer advocate Choice…
General insurers fall short on disputes: FOS
13 February 2017
General insurance companies are increasingly failing to resolve disputes within the 45-day registration and referral timeframe set by the Financial Ombudsman Service…
Data reveals insurers’ political donations
13 February 2017
The Insurance Council of Australia and leading insurers are among the financial services players that made political donations last financial year, according to the Australian Electoral Commission…
Canterbury claims payouts top $2.5 billion for 2016
13 February 2017
Private insurers paid nearly $NZ2.7 billion last year to settle commercial and residential claims from the Canterbury earthquakes of 2010/11…
Green is the new black for car thieves
13 February 2017
Professional car thieves have colour preferences when choosing their targets, according to a new study by the National Motor Vehicle Theft Reduction Council…
Premiums tipped to rise as commercial markets turn
06 February 2017
Insurance premiums are forecast to rise this year, with gains in domestic and commercial classes, according to the latest JP Morgan Taylor Fry General Insurance Barometer…
Softness persists amid pockets of improvement: Morgan Stanley
06 February 2017
Insurers must stay on their toes to survive amid the “prolonged soft cycle” that has defined the industry in recent years, according to a Morgan Stanley report…
Tread carefully Australia, says Marsh political risk report
06 February 2017
Australia must tread carefully as the Trump presidency signals a more assertive foreign policy, Marsh says…
Price campaign claims major discounts
06 February 2017
“Consumer champion” One Big Switch has teamed up with Woolworths Insurance to conclude its latest insurance camp…