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El Nino builds towards peak

21 September 2015

The current El Nino is likely to reach its peak at the end of this year, according to the Bureau of Meteorology…

Industry falling behind on innovation: KPMG

21 September 2015

More than half of the world’s leading insurance companies lack innovation strategies, despite recognising how vital it is to compete with “bold new entrants”, according to a KPMG study…

Aon urges focus on new risks

21 September 2015

Aon Benfield has identified seven key opportunities for insurers over the next five to 10 years, and says the industry must create more relevant products as demand for current ones wanes…

NZ notes rise in cyber attacks

21 September 2015

Cyber attacks are on the rise in New Zealand as more organisations report security breaches, according to the Government Communications Security Bureau…

Court finds Pratten guilty

14 September 2015

A jury has found Rural & General Insurance founder Charles Pratten guilty of seven charges of obtaining a financial advantage by deception…

Industry supplying most ARs, brokers say

14 September 2015

Brokerages building authorised representative businesses are finding “more than enough” potential recruits from inside the industry, according to Reliance Partners Managing Partner David Wyner…

Demand grows for catastrophe models: Aon Benfield

14 September 2015

Australian insurers’ demand for catastrophe models will increase as companies try to gain a competitive edge in the shift to risk-based pricing, reinsurance broker Aon Benfield says…

Softer market reflected in brokers’ statistics

07 September 2015

General insurance intermediaries invoiced $8.71 billion in premium in the six months to June 30, with all but 17% placed with licensed insurers, according to latest statistics from the Australian Prudential Regulation Authority…

Experts predict severe bushfire season

07 September 2015

Large areas of NSW, Victoria, southern Queensland and WA face above-normal bushfire risk this summer, according to the Bushfire and Natural Hazards Co-operative Research Centre…

New world ‘will make winners and losers’

07 September 2015

Insurers must grasp new opportunities in a rapidly changing world, or risk ending up on the scrapheap, says Berkshire Hathaway Specialty Insurance Australasia President Chris Colahan…