Brisbane hailstorm claims top $200 million
01 December 2014
Almost 40,000 insurance claims totalling $201 million have been lodged since the huge hailstorm that hit Brisbane and southeast Queensland last Thursday…
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NZ court throws out Bridgecorp Lloyd’s appeal
01 December 2014
The New Zealand Court of Appeal has rejected a legal action targeting the professional indemnity insurance of the broker to failed financier Bridgecorp…
Injury scheme reform ‘could produce $12 billion windfall’
01 December 2014
Privatisation of state personal injury schemes could boost economic productivity by billions of dollars, modelling commissioned by Suncorp shows…
Actuaries hold key climate change role
01 December 2014
Actuaries have a vital role to play in analysing the potential effects of climate change on insurance in Australia, according to research presented to an industry conference…
AAMI names natural hazard hotspots
01 December 2014
The Tamworth area, western Melbourne and the Gold Coast were among hotspots for natural hazard insurance claims last financial year, according to major personal lines insurer AAMI…
ICNZ calls for teamwork on climate threat
01 December 2014
The Insurance Council of New Zealand says reducing the impact of climate change requires “a collective long-term view”…
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…
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…