Major blast still a threat, warns terrorism pool
22 August 2016
A major bomb attack at the core of a key city remains a threat despite the recent trend towards armed terror assaults, according to the Australian Reinsurance Pool Corporation…
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RIMS forum tackles industry’s challenges
22 August 2016
Insurance leaders have taken a hard look at the industry’s future development in a volatile business environment at the Risk and Insurance Management Society Australasia forum in Melbourne today…
Insurer stands ground on Collaroy sea damage response
22 August 2016
NRMA Insurance has defended its decision not to cover sea erosion damage to properties in Collaroy after June’s east coast low…
Class action risks rising: Allens
22 August 2016
Class action risk has increased significantly over the past decade, with a rising number of claims filed and more law firms and funders becoming involved, a report by lawyers Allens says…
IMF team vets NZ insurance sector stability
22 August 2016
An International Monetary Fund team is reviewing New Zealand’s insurance and banking sectors as part of routine surveillance to gauge financial system stability…
Marsh flags further falls in premium
15 August 2016
Premiums will continue to decline across multiple classes in Australia as competition intensifies amid weak economic growth, according to Marsh…
Relationships ‘crucial for brokers in data-driven world’
15 August 2016
Brokers must focus on client relationships to provide personalised advice as the community becomes increasingly comfortable with disruptive technologies, a forum on innovation heard today…
Macquarie opens broking survey
15 August 2016
Macquarie Business Banking wants brokers to complete its “new and improved” Insurance Broking Benchmarking Survey…
GI complaints rise further, FOS says
15 August 2016
General insurance matters accounted for about one-third of disputes considered by the Financial Ombudsman Service in the June quarter, as the number of complaints continues to rise…
Insurers take Canterbury payouts past $NZ18 billion mark
15 August 2016
Private insurers have paid out more than $NZ18 billion for commercial and residential claims since the 2010/11 Canterbury earthquakes, according to the Insurance Council of New Zealand’s latest figures…
Code committee widens insurance outsourcing inquiry
15 August 2016
The Code Governance Committee has widened the scope of an inquiry into general insurance outsourcing to include claims investigation practices and policies, says the Financial Ombudsman Service…
In this issue of Insurance News (the magazine)
15 August 2016
The collapse of New Zealand’s Western Pacific Insurance with a $31 million reinsurance shortfall came swiftly on the heels of the 2011 Christchurch earthquakes. The latest issue of Insurance News (the magazine) looks inside the company to discover its major business focus was Australia, where its exposures totalled $5.8 billion…
Industry ‘must stamp out’ smash repair fraud
08 August 2016
Rogue panelbeaters are charging insurers inflated bills for repair work that is, in many cases, deliberately engineered, according to industry experts…
Social networks can’t be ignored: Finity
08 August 2016
Tech giants such as Facebook and Google pose challenges for personal lines insurers and it is “commercially questionable” to disregard social media as a key distribution channel, according to Finity Consulting and Deutsche Bank’s Pendulum report…
Yarloop homeowners consider bushfire class action
08 August 2016
Residents from Yarloop have met law firm Slater & Gordon to discuss a possible class action after bushfire devastated the WA town…
Young actuaries learn key to future success
08 August 2016
Striking a balance between innovation and experimentation and supporting the core business is crucial, an Actuaries Institute seminar in Sydney heard…
Flood claims hit Kiwi insurers
08 August 2016
Wild weather and flooding in March resulted in insured losses of more than $NZ30 million, according to the Insurance Council of New Zealand…
Terms set for financial system complaints review
08 August 2016
The Federal Government today released the terms of reference for a review of the financial system’s external dispute resolution and complaints network…
Top lines anaemic, profits subdued: Finity
01 August 2016
The business environment for insurers will remain tough and profitability subdued, according to the latest Pendulum report from Finity Consulting and Deutsche Bank…
Four Corners probes insurers’ methods
01 August 2016
The ABC’s Four Corners program tonight will focus on the “humiliating and harmful” practices of insurers investigating traumatised police officers…