17 October 2016
Insurers should brace for an above-average cyclone season due to weakening La Nina conditions in the Pacific Ocean and warmer than average sea temperatures to the north and east, according to the Bureau of Meteorology…
17 October 2016
Two climate drivers monitored by the Bureau of Meteorology suggest little change to the rainy weather pattern that delivered Australia’s wettest May-September on record…
17 October 2016
Insurers are working hard to improve public confidence in the industry, which suffers a “trust gap” that is magnified when natural disasters strike, Insurance Council of Australia CEO Rob Whelan says…
17 October 2016
The Australian Cyber Security Centre has urged private businesses to report threats, despite reluctance among some companies to involve the Government…
17 October 2016
The insurance and finance sector’s confidence fell 18 points to +40 on the Sensis Business Index in the September quarter, weighed down by concerns about tougher operating conditions…
17 October 2016
Technological advances and rapidly evolving risk have combined to create a period of unprecedented change for the insurance industry, according to Aon…
10 October 2016
Insurance brokers “have no idea” how the Australian Reinsurance Pool Corporation works, a major conference in Canberra was told last week…
10 October 2016
Former CEO and founder of Australian Reliance Andrew Donnelly has failed to overturn a court order freezing his assets…
10 October 2016
Reductions in broker commissions or disintermediation in some insurance classes may have to occur as insurers strive to run their businesses more efficiently, QBE Group CEO John Neal says…
10 October 2016
The number of significant breaches of the Insurance Brokers Code of Practice more than doubled last financial year, an annual review has found…
10 October 2016
The Insurance Council of Australia’s updated natural hazards assessment tool is generating high demand online, with enhancements making it more user-friendly and improving data quality…
10 October 2016
Australia is experiencing more terror attacks than ever, and insurers and governments are not adequately prepared for non-property-related damage, a conference has heard…
10 October 2016
Insurers and other financial institutions must keep tightening cyber security as threats become more sophisticated, the Australian Prudential Regulation Authority warns…
10 October 2016
Youi has been fined a maximum $NZ100,000 by the Insurance Council of New Zealand and risks expulsion if it again fails to meet best-practice standards…
10 October 2016
Commercial property insurers rate profitability as more important than growth because they believe premiums will stay depressed, according to the Australian Prudential Regulation Authority…
10 October 2016
As interest rates plummet and investment earnings do much the same thing, Insurance News (the magazine) has taken a long look at the situation and what’s being done to deal with it…
03 October 2016
The Financial Ombudsman Service has released tables comparing insurers’ performance in relation to the likelihood of consumer disputes…
03 October 2016
Insurers paid $1.73 billion in professional indemnity and public and product liability claims last year, down 15.7% from 2014, according to the Australian Prudential Regulation Authority’s National Claims and Policies Database.
03 October 2016
Australian and international responses to climate change are paving the way for businesses to better understand and manage risks, and there is no time to waste, Investor Group on Climate Change CEO Emma Herd says…
03 October 2016
Most code breaches last financial year related to claims, according to the General Insurance Code of Practice annual report…