El Nino grows to second-strongest on record
07 September 2015
The current El Nino is now the strongest since the 1997/98 record event, according to the Bureau of Meteorology…
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Australian risk management regime sets benchmark: Willis
07 September 2015
Australia and New Zealand have catastrophe-tested prudential standards that other nations can learn from, according to Willis Group…
Report lifts lid on premium funding
07 September 2015
One in three commercial premiums is funded, but the $4 billion premium funding market isn’t being given the attention it deserves, a new study of the sector and brokers says…
Research uncovers massive NZ quake risk
07 September 2015
New Zealand’s largest and longest geological fault line has a “high probability” of rupturing in the next 50 years, producing “one of the biggest earthquakes since European settlement”, according to a new report…
Canstar names top travel insurers
07 September 2015
Southern Cross Travel Insurance and InsureandGo have shared this year’s Canstar “outstanding value” award in the international travel insurance category…
Technology stokes insurers’ fears
31 August 2015
Cyber risk, political interference and macroeconomic volatility are among the main sources of anxiety for Australian insurers, a survey by PricewaterhouseCoopers and the UK-based Centre for Financial Innovation shows…
NSW at risk amid ‘massive underinvestment’ in flood mitigation
31 August 2015
Floods last week show NSW does not receive enough funding for mitigation, according to Floodplain Management Australia President Ian Dinham…
Court rules against insurers in NSW bushfire case
31 August 2015
Insurers are likely to amend policy wordings following a court decision regarding the Blue Mountains bushfire class actions, according to law firm Clayton Utz…
Hospitals face flammable cladding fears
31 August 2015
The Victorian Building Authority says two Melbourne hospitals have used non-compliant building cladding in construction…
NIBA promotes advice on strata cover
31 August 2015
The National Insurance Brokers Association has produced a guide to help strata committees and unit owners pick the right strata cover…
Queensland premiums are affordable: Aon Benfield
24 August 2015
Northern Australian insurance premiums are reasonably priced, according to Aon Benfield’s Asia-Pacific CEO Malcolm Steingold…
Catastrophes slice industry profits almost in half
24 August 2015
General insurers and reinsurers made a combined net profit of $2.6 billion for the year to June 30, down from $5 billion the previous year…
Post-quake reputation worries NZ insurers
24 August 2015
Natural catastrophes again top the list of risks that concern New Zealand insurers, according to PricewaterhouseCoopers’ biennial survey…
Global warming raises triple threat
24 August 2015
An “extreme of extremes” combination of three potentially devastating weather phenomena is tipped to occur more often as climate change takes hold – and Australia may be one of the worst-hit countries…
Logging ‘increases bushfire risk’
24 August 2015
Extensive logging can increase bushfire severity in Victoria’s mountain ash forests, according to researchers…
EQC pledges to fix shoddy repairs
24 August 2015
Up to 1200 homes damaged by the Canterbury earthquakes may not have been properly repaired, according to New Zealand’s Ministry of Business, Innovation and Employment…
ICNZ appoints code committee
24 August 2015
The Insurance Council of New Zealand has established a committee to monitor compliance with its revised Fair Insurance Code, which takes effect from January 1…
Industry hails premium taskforce’s focus on mitigation
17 August 2015
Insurers have welcomed the Northern Australia Insurance Premiums Taskforce’s initial findings which were released today, noting they give serious consideration to mitigation as an option to address affordability concerns…
Commercial pricing will stabilise, says Suncorp’s Day
17 August 2015
Rationalisation of commercial insurance pricing will take place soon, according to Suncorp…
Councils leave Victorian insurance mutual
17 August 2015
Six councils have left the Municipal Association of Victoria insurance scheme in the past two years, as private insurers muscle in on a market they once abandoned…