Moody’s predicts LMI challenge
01 December 2014
Lenders’ mortgage insurance companies will remain stable for the next 12-18 months, but long-term structural challenges may undermine the industry’s credit profile, according to ratings agency Moody’s…
Local
Southeast faces higher fire threat
24 November 2014
The southeastern states of Victoria, SA and Tasmania could face a “major” fire season as unseasonably dry spring conditions continue to grip the state, experts warn…
Suncorp flags five emerging risks
24 November 2014
Cyber threats, nanotechnology, climate change, electromagnetic field radiation and human consumables are among the leading emerging risks, according to Suncorp…
Trade deal clears path to Chinese motor insurance market
24 November 2014
Australian insurers will gain greater access to China’s expanding motor insurance market under a new free trade agreement between the countries…
Insurers’ data attracts cyber thieves
24 November 2014
The insurance industry often discusses how to protect consumers from cyber attacks, but insurers themselves are at risk from information thieves, according to PricewaterhouseCoopers…
Underwriting agencies ‘can reap online rewards’
24 November 2014
Underwriting agencies have a great opportunity to improve online services, according to a new broker survey…
Comparators failing to erode customer loyalty – for now
24 November 2014
Consumer loyalty and major insurers’ refusal to participate are preventing comparison websites from flourishing in Australia, the Actuaries Institute’s general insurance seminar heard…
Fire services levy amnesty proves ‘very effective’
24 November 2014
Victoria’s fire services levy amnesty has resulted in about $350,000 being returned to consumers…
Workplace injury rates keep up improvement
24 November 2014
Work-related injuries and illnesses have continued to decline, the latest figures from the Australian Bureau of Statistics show…
Chinese trade deal to open doors for insurers
17 November 2014
Australian insurers are expected to gain increased access to the expanding Chinese market under the free trade deal to be signed this afternoon…
TIO sale could begin within weeks
17 November 2014
Resistance is building to the sale of the Territory Insurance Office, but the NT Government has the numbers to push it through and may start the process before the year’s end…
Insurers struggle with digital change
17 November 2014
Insurers are struggling to seize opportunities arising from the growing digital economy, according to a report by KPMG…
Banks outperform insurers on trust
17 November 2014
Australians’ regard for insurance companies is among the lowest in the world, according to a global consumer survey by Ernst & Young…
Size matters for New Zealand insurers
17 November 2014
New Zealanders are likely to favour local insurers in the aftermath of the Canterbury earthquakes, according to a report by ratings agency Standard & Poor’s…
Choice names its picks for travel insurance
17 November 2014
Consumer group Choice has praised AIG and Queensland-based Lloyd’s coverholder Online Insurance Brokers for offering comprehensive travel insurance policies with above-average…
NZ businesses waking up to cyber threat: Marsh
17 November 2014
New Zealand’s risk landscape is shifting, with IT, data and cyber risks coming to the fore, according to Marsh…
UFI access to be opened up across country
10 November 2014
The Federal Government will make a minor amendment to the Insurance Regulations to allow brokers to place cover with unauthorised foreign insurers on the basis of price…
Court dismisses Canberra bushfire case
10 November 2014
The ACT Court of Appeal has dismissed legal action against the NSW Government over the devastating bushfires that tore through border regions and into Canberra in 2003…
Court to rule on Christchurch flood vulnerability
10 November 2014
New Zealand’s Earthquake Commission has asked a court to rule on its liability to cover damage to land that has become more vulnerable to flooding because of the Canterbury quakes…
Cyber cover must evolve: Ernst & Young
10 November 2014
More than half of Australian companies are unprepared for cyber attacks, and insurance is an important part of the solution, according to Ernst & Young…