06 July 2015
Significant loss activity has affected catastrophe programs, aggregate cover and insurers’ retained natural peril budgets in Australia, according to Willis Re’s latest report on reinsurance rates…
06 July 2015
Many underwriting agencies are “going on the offensive” to combat soft market conditions, collaborating more with insurers and brokers, according to Underwriting Agencies Council GM William Legge…
06 July 2015
The Insurance Council of Australia has set up a taskforce to help improve the presentation and communication of product disclosure statements…
06 July 2015
Government-run catastrophe insurance schemes do not reduce risks, according to Macquarie University’s Risk Frontiers…
06 July 2015
The Insurance Council of Australia hopes the NSW Government’s review of the “point-to-point transport industry” will produce clarity on the insurance status of ride-sharing drivers…
06 July 2015
Nine high-rise buildings in Perth have been identified as using aluminium cladding similar to that which sparked a devastating blaze in Melbourne’s Docklands…
06 July 2015
The revised General Insurance Code of Practice, aimed at giving customers “stronger and clearer rights”, has taken full effect following a 12-month transition period…
29 June 2015
Professional indemnity and public and product liability claims increased 27.7% last year to $2.05 billion, according to the Australian Prudential Regulation Authority’s National Claims and Policies Database…
29 June 2015
Plentiful capital and the massive growth of strata housing has led to a battle between insurers for a piece of the strata action…
29 June 2015
Swiss Re Corporate Solutions has teamed up with Infigen Energy to create Australia’s first hedging tool to cover risk in windfarms…
29 June 2015
HIH Insurance failed in 2001, but the dust has yet to settle on one of the most spectacular collapses in Australian corporate history…
29 June 2015
New Zealand insurers have received about 2000 claims amounting to nearly $NZ10 million ($8.9 million) following floods that swept across the lower North Island earlier this month…
29 June 2015
Cyber criminals may target New Zealand due to the country’s high proportion of “woefully underprepared” small businesses, insurers have warned…
22 June 2015
Insurers will soon have better data on flood-prone areas of central Queensland, when the Insurance Council of Australia releases version five of its national flood information database…
22 June 2015
IAG’s “groundbreaking” Global Risk Map has been unveiled as the latest weapon in the battle to secure investment in pre-disaster resilience…
22 June 2015
The revised General Insurance Code of Practice takes effect on July 1…
22 June 2015
The Consumer Action Law Centre has started a campaign calling for insurers to be more transparent about premium changes…
22 June 2015
About 70 high-risk buildings in the Perth CBD will be checked for flammable cladding, following similar action in Victoria…
22 June 2015
State and territory governments should reject a proposal to hand control of workers’ compensation schemes to commercial insurers, the Australian Lawyers Alliance says…
15 June 2015
General insurers and reinsurers made a combined profit of $4.57 billion last year, according to the latest Australian Prudential Regulation Authority company-level statistics…