Insurers defend LMI product from critics
19 September 2016
The industry has moved to defend lenders’ mortgage insurance following criticism of the product…
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Intermediary premium slips as UFI placements drop
12 September 2016
Premiums invoiced by intermediated general insurance businesses fell 1.7% to $8.73 billion in the six months to June 30 as placements with unauthorised foreign insurers declined, Australian Prudential Regulation Authority data shows…
Ombudsman slams ‘discriminatory’ mental health exclusions
12 September 2016
Insurance exclusions for people with mental health issues are discriminatory, the Financial Ombudsman Service says…
NZ brokers fume as UK platform falls over
12 September 2016
Insurance technology company SSP is under fire after a power failure in the UK caused system outages that have affected brokers and underwriters in markets as far away as New Zealand…
Australia ‘leading the region’ in fintech pilots
12 September 2016
Australia, along with Singapore and Hong Kong, is a favourite regional product testing ground for fintechs, according to KPMG…
NZ shuts floodgates on unsafe cars from Australia
12 September 2016
The Insurance Council of New Zealand has welcomed new regulations to stem the import of unsafe, water-damaged vehicles from Australia…
Australia comes second in being litigious
05 September 2016
Australia is probably the second-most litigious country in the world after the US, according to US management liability specialist Kevin LaCroix…
Severe fire season forecast for NSW, Victoria
05 September 2016
Large areas of Victoria and NSW face above-normal bushfire risk this season, despite increased winter rainfall…
Insurers must prepare for climate risk: Hewson
05 September 2016
The insurance sector must be better prepared for a climate-induced financial crisis hitting the global economy, economist and former politician John Hewson says…
General insurance disputes soaring: FOS
05 September 2016
General insurance disputes rose 19% last financial year, according to figures released today by the Financial Ombudsman Service…
ICNZ reassures homeowners amid steel mesh scandal
05 September 2016
The Insurance Council of New Zealand says people whose homes are built on slabs containing substandard steel mesh should not be “unduly concerned” about their property cover…
Professions face ‘new industrial revolution’
05 September 2016
Risks and roles will change as professionals experience upheaval equivalent to the Industrial Revolution, QBE Insurance Australia Head of Professional Lines Jill Stewart says…
EQC discovers 2200 ‘lost’ repair jobs
05 September 2016
New Zealand’s Earthquake Commission admits an internal review uncovered 2200 more remedial requests than was previously reported…
NZ quake prompts almost 100 claims
05 September 2016
New Zealand’s Earthquake Commission has received 97 claims relating to last Friday’s 7.1-magnitude quake off the North Island’s East Cape…
Youi denies allegations about claims rorts
29 August 2016
South African-owned insurer Youi has denied allegations its Australian arm has manipulated client data for the purpose of rejecting claims…
Long-running Byron Bay erosion cases resolved
29 August 2016
Two coastal erosion litigation cases against Byron Shire Council have been resolved, leaving an insurer to cover a $2.75 million payout…
Nat-cat risks ‘keep Australian premiums higher’
29 August 2016
Property premiums in Australia have held up mainly as a result of natural catastrophe risks, according to Swiss Re Chief Economist Kurt Karl…
Beware the cyber threat within, risk experts warn
29 August 2016
Organisations face cyber risks from within their own workforces, a Risk and Insurance Management Society forum in Melbourne heard last week…
Data breach legislation ‘will change cyber landscape’
29 August 2016
The Australian cyber-insurance landscape will alter dramatically when mandatory data breach notification rules are introduced, Aon says…
Car thefts fall by half since 2000
29 August 2016
Passenger and light commercial vehicle thefts have dropped 62% since 2000, according to the National Motor Vehicle Theft Reduction Council…