16 October 2023
Our annual wellbeing survey gives an insight into how insurance professionals are coping – and chief among their concerns is burnout. The October/November issue of Insurance News magazine presents the survey results in detail, and makes for captivating, if confronting, reading...
16 October 2023
Extreme weather and increasing liability risk are causing premiums to rise to unaffordable levels for camp venue operators, and the Insurance Council of Australia is working with stakeholders on ways to ease the crunch...
16 October 2023
The Bureau of Meteorology's latest Climate Driver Update says the El Nino and positive Indian Ocean Dipole have strengthened since its last update...
16 October 2023
Transport, shipping and logistics insurer NTI says now is the time for business owners to prepare for risks associated with the onset of El Nino and positive Indian Ocean Dipole...
09 October 2023
More consumers are considering switching household insurance policies as cost-of living pressures put pressure on budgets, Roy Morgan survey data shows...
09 October 2023
Consumer affairs expert and economist Allan Fels says “serious consideration” should be given to a mandatory personal lines comparison website to increase competition...
09 October 2023
This coming cyclone season is likely to produce a “below average” number of storms because of the El Nino impact, the Bureau of Meteorology has predicted...
09 October 2023
A NSW motorist who has been receiving payments after he crashed his vehicle while trying to avoid deer, leaving him with catastrophic injuries, has failed to prove he has a case for extending the compensation beyond the mandated 104-week period...
02 October 2023
Brokers and other intermediaries placed about $18.49 billion in premium with general insurers in the first six months of the year, according to an Australian Prudential Regulation Authority bi-annual update...
02 October 2023
Allianz claims data shows a 46% increase in workers’ compensation volume since pre-covid, while the cost of claims jumped 36%...
02 October 2023
Insurance Council of New Zealand, Te Kahui Inihua o Aotearoa CEO Tim Grafton has announced he will leave following next year’s Annual General Meeting in April...
02 October 2023
Underwriter Liberty Specialty Markets has created a parametric solution for a tomato grower to protect a glasshouse worth $4 million from wind damage...
02 October 2023
The financial services sector in the Asia Pacific is one of the most cyber attacked sectors in the world, and Australia, Singapore and Japan are the top three most targeted countries – together accounting for more than three-quarters of all web application and API incidents...
02 October 2023
The New Zealand Society of Actuaries says reputational risks may emerge for insurers from the red zoning of areas following the storms and floods earlier this year...
25 September 2023
Affordability and availability pressures and increasing regulatory scrutiny are two key issues for the insurance industry, the annual Radar report from actuarial consultancy Taylor Fry says...
25 September 2023
Declarations of an El Nino event and a positive Indian Ocean Dipole have underscored expectations for weather conditions that increase the risk of bushfires, the Bureau of Meteorology says...
25 September 2023
A caravan park and camping ground business and an operator of cafes in WA have both lost disputes over business interruption cover during the pandemic...
25 September 2023
Third-party property damage claims in New Zealand are likely to rise after the significant weather events in North Island early this year, according to a report from law firm Wotton + Kearney...
25 September 2023
A UNSW academic says more work needs to be done to see how psychological factors will influence Australians as they make “increasingly difficult decisions” about home insurance...
18 September 2023
The eastern Sydney hailstorm and cyclones Tracy and Dinah would cause losses surpassing last year’s record-breaking floods if they struck today, figures recalculating losses based on current exposures show...