Canterbury payouts near $NZ19 billion mark
07 November 2016
Private insurers have paid out almost $NZ19 billion on claims from the 2010/11 Canterbury earthquakes, the Insurance Council of New Zealand says…
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ICA comes out swinging against Xenophon’s comparator call
31 October 2016
The Insurance Council of Australia has flatly rejected today’s call by influential senator Nick Xenophon for a government-run comparison website for home and car insurance…
Bushfire, coastal risks rising as climate shifts: report
31 October 2016
More fire danger days in southern and eastern Australia will occur as temperatures rise, while swollen seas are adding to coastal area risks, according to the latest CSIRO and Bureau of Meteorology State of the Climate report…
Compliant buildings ‘still at risk’
31 October 2016
Many homes supposedly built to withstand bushfires are highly likely to burn to the ground due to non-compliant modifications by property owners, a seminar has heard…
Automation will wreck car insurance, says academic
31 October 2016
The car insurance industry is in line for major disruption as automation removes risks, according to a new book…
Lawyer urges action on coastal erosion
31 October 2016
A lawyer has called for a cohesive policy on coastal erosion, claiming local councils are not up to the job…
ARPC urged to broaden scope as terrorists turn to ‘soft targets’
31 October 2016
The Australian Reinsurance Pool Corporation should consider extending its terrorism cover beyond commercial properties, according to legal expert Ralph Bonig…
More small businesses consider cyber cover
31 October 2016
Nearly 20% of Australian small businesses plan to buy cyber insurance next year, up from 14% with the cover now, according to technology company Symantec…
No substitute for personal customer service, Allianz says
31 October 2016
Customer service remains an integral part of an insurer’s business despite the industry undergoing a digital transformation, Allianz Chief GM Broker & Agency David Hosking says…
Insurance the culprit as FOS complaints rise
31 October 2016
The Financial Ombudsman Service says general insurance matters have driven up dispute numbers over the past six months…
A NOTE FROM THE PUBLISHER
31 October 2016
Insurance News has completed its first subscriber survey, with the data and insights collected providing valuable information that will help us further develop our print and online services…
Industry ‘waking up to value of insurtech investments’
24 October 2016
About 80% of general and life insurers worldwide will have either partnered with or acquired insurtechs by the end of 2018, according to researcher Gartner…
Tech rivals to test insurer loyalty, study shows
24 October 2016
Strong brand loyalty among insurance-buyers will not protect leading Australian and New Zealand insurers from high-profile rivals entering the industry, a study warns.
QBE ready for claims after builder collapses
24 October 2016
QBE has started receiving insurance enquiries from residential property owners hit by the collapse of Senator Bob Day’s building company Home Australia…
Insurance benefits lost on many young travellers
24 October 2016
A survey has revealed a major gap in the travel insurance market, showing 8% of Australian adult travellers – 850,000 people – took their last overseas trip without cover…
Insurers have vital role on climate change: ICNZ
24 October 2016
The industry must change the way it views and prices risk amid rising sea levels and other consequences of global warming, according to the Insurance Council of New Zealand…
Marsh expects mining insurance sector to remain soft
24 October 2016
The global market for mining risks has softened for the fifth year in a row, but its pace has slowed in the past six months, according to a Marsh report…
Correction:
24 October 2016
In the latest edition of Insurance News (the magazine) a caption in an article on AKD Softwoods incorrectly named broker Peter Rothstadt as an employee of Marsh. Mr Rothstadt is, in fact, the Manager Corporate Victoria at Arthur J Gallagher.
Australian businesses underinsured: Swiss Re
17 October 2016
Australian businesses are underinsured compared with their US and UK counterparts, a new report from Swiss Re says…
No let-up in pricing pressures: KPMG
17 October 2016
Insurers will struggle to raise premiums as the tough operating conditions that have depressed margins in the past few years show no signs of easing, KPMG says…