Car thefts fall to record low
23 March 2015
The number of short-term vehicle thefts hit a record low last year, the National Motor Vehicle Theft Reduction Council says…
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Fewer SMEs using brokers, Vero report shows
16 March 2015
The number of small businesses using brokers has dropped, according to this year’s Vero SME Insurance Index…
Business claims take Marcia toll past $403 million
16 March 2015
A surge in claims from businesses following Cyclone Marcia last month has taken insured losses to $403.6 million from 29,565 claims, according to the Insurance Council of Australia…
Cyclone Olwyn flattens WA town
16 March 2015
The WA coastal town of Carnarvon, 900km north of Perth, is expected to be declared a natural disaster zone following extensive damage by Cyclone Olwyn last Friday…
Insurers face growth challenge: Aon Benfield
16 March 2015
Australian insurers’ biggest challenge is the pressure to grow in a static market, according to a new report from Aon Benfield…
Australia, NZ sign UN plan to reduce disaster impact
16 March 2015
The Insurance Council of Australia (ICA) and the Insurance Council of New Zealand have signed a United Nations statement on reducing the impact of natural disasters…
Resilience roundtable in line for UN award
16 March 2015
The Australian Business Roundtable for Disaster Resilience & Safer Communities is one of three finalists for the United Nations Sasakawa Award for Disaster Reduction, to be announced in Japan tomorrow…
Intermediated premium level drops
09 March 2015
Premiums invoiced by intermediated general insurance businesses fell to $9.67 billion for the six months to December 31, according to the Australian Prudential Regulation Authority…
Insurers face earnings erosion, Moody’s warns
09 March 2015
Insurers’ profitability will likely take a hit this year amid a rise in claims costs and weak investment returns, according to Moody’s Investors Service…
Cyclone Marcia claims pass $130 million
09 March 2015
Estimated insurance losses from Tropical Cyclone Marcia in Queensland now stand at $130.5 million, with 17,400 claims lodged, according to the Insurance Council of Australia…
Insurers broaden horizons in search for investment yields
09 March 2015
Insurance companies are chasing a limited amount of fixed-income investments and are being forced to consider other asset classes, according to a global investment specialist…
Insurers face growth challenge: Aon Benfield
09 March 2015
Australian insurers’ biggest challenge is the pressure to grow in a static market, according to a new report from Aon Benfield…
NSW Labor attacks ‘complex’ bushfire protections
09 March 2015
With the NSW state election due on March 28, the Labor opposition has branded the bushfire insurance system too complex and called for a better model to avoid underinsurance…
Snail mail still has legs, study shows
09 March 2015
People still want to receive important or sensitive information as physical mail, according to Australia Post’s customer survey for December…
Premium earnings up but profit down
02 March 2015
The Australian general insurance industry earned net profit after tax of $4.1 billion last year, down 12.8% on the 2013 figure…
ICNZ denies Christchurch ‘delaying tactics’
02 March 2015
Insurance Council of New Zealand CEO Tim Grafton has denied allegations that insurers are deliberately delaying settlement of Canterbury earthquake claims…
Australian insurers lead world on claims costs
02 March 2015
Australia stands out among global markets for reducing claims expenses and improving profit margins, a new report shows…
ICA hails Toowoomba flood maps
02 March 2015
The Insurance Council of Australia has welcomed a new flood management program launched by Toowoomba Regional Council in Queensland…
Brand power ‘drives up travel cover premiums’
02 March 2015
Some direct travel insurance products show little correlation between strength of features and higher premiums, according to the latest Travel Insurance Report from researcher Plan For Life…
New Zealand councils warned over flood risk
02 March 2015
Local authorities must start planning for increased flooding caused by climate change, the Insurance Council of New Zealand warns…