Growth problems drive consolidation
08 December 2014
The number of mergers and acquisitions in the Asia-Pacific region has held steadier than expected since the global financial crisis, according to AM Best…
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Businesses look to confront risk
08 December 2014
Australian companies show a strong interest in identifying risks within their businesses, according to an Aon global survey…
Gun victim loses court battle over UFI failure
08 December 2014
A court has dismissed legal action against the Federal Government by a man who was severely injured in a nightclub fight, and whose Solomon Islands-registered insurer did not pay his claim…
ICA in talks over NSW flood data stoush
08 December 2014
The Insurance Council of Australia (ICA) and the Richmond River County Council in northern NSW are working to overcome a standoff over the provision of flood data, following huge increases in residents’ insurance premiums…
FOS widens scope on small business disputes
08 December 2014
The Financial Ombudsman Service has announced a series of changes to the way it handles general insurance disputes involving small businesses, following industry consultation on FOS’ terms of reference…
In Insurance News (the magazine) in December
08 December 2014
The December/January edition of the insurance industry’s most-read print publication, Insurance News (the magazine), will be delivered to subscribers in the next week…
Comparators ‘on notice’, ACCC warns
01 December 2014
The Australian Competition and Consumer Commission says it is monitoring comparison websites following its report on the industry highlighted concerns about lack of transparency…
Personal lines drive industry premium rise
01 December 2014
Home and contents and domestic motor insurance helped lift general insurance gross written premium in the year to September 30, according to latest industry figures from the Australian Prudential Regulation Authority…
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…
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…