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Competition drives 10% premium cut: Marsh

17 February 2014

Premium rates for Australian corporate buyers fell by an average of 10% in the fourth quarter of last year as new capital flowing into reinsurance markets fuelled competition, according to Marsh…

Forecasters predict return of El Nino

17 February 2014

A new report claims there is a 75% chance of El Nino conditions late this year, with experts warning of an increased fire risk for Australia…

Canterbury quake payouts pass $NZ10 billion

17 February 2014

Insurers have paid more than $NZ10 billion ($9.29 billion) on claims arising from the 2011 Canterbury earthquakes, the Insurance Council of New Zealand says…

In Insurance News (the magazine) this month

17 February 2014

Why did IAG outbid the local market to win Wesfarmers’ underwriting operations? You’ll find all the answers in the latest edition of Insurance News (the magazine)…

ICA releases revised code

10 February 2014

The Insurance Council of Australia has approved a revised General Insurance Code of Practice that will take full effect by July next year…

Profits to fall flat on weaker premium growth

10 February 2014

Australian insurers face weaker growth prospects this year, with commercial lines premiums forecast to be flat, according to the latest JP Morgan/Taylor Fry General Insurance Barometer…

Insurers assess bushfire impact

10 February 2014

Insurance companies are monitoring the impact of dozens of bushfires that swept across Victoria at the weekend, according to the Insurance Council of Australia…

NZ leads way in liquefaction studies

10 February 2014

Three years after the Canterbury earthquakes New Zealand leads the world in research on land damage from liquefaction, a Risk Management Solutions  seminar has heard…

Cyclone station boosts data collection

10 February 2014

A cyclone testing station in Townsville has improved its monitoring and study capacity by adding portable meters, a Risk Management Solutions catastrophe modelling seminar has heard…

ICA monitors cyclone threat

03 February 2014

The Insurance Council of Australia is continuing to monitor cyclone activity after Ex-Cyclone Dylan hit Queensland on Friday…

Disputes to FOS continue to fall

03 February 2014

The number of disputes received by the Financial Ombudsman Service in the December quarter was down 3% on the corresponding period in 2012…

Companies retreating from digital world

03 February 2014

After 20 years of being urged to embrace the internet, many corporates have decided the risks of operating online are not worth the pain, according to Marsh…

Banks to remind homeowners on cover

03 February 2014

Banks will remind home loan customers of their property insurance obligations following changes to the industry’s code of practice this month…

ACT releases flood data

03 February 2014

The ACT Government has published long-awaited flood data showing one-in-100-year flood risks for the Molonglo River…

Car theft figures hit record low

03 February 2014

Short-term thefts of passenger and light commercial vehicles fell 2% to 7877 in the September quarter, taking the 12-month figure to a record low…