Vehicle theft falls further
03 March 2014
The steep decline in vehicle thefts continued last year, with 14% fewer passenger cars stolen and 10% fewer light commercial vehicles taken…
Local
Canterbury claim settlements ‘on schedule’
03 March 2014
More than 40% of over-cap residential claims arising from the Canterbury earthquakes have been completed or fully settled, the Insurance Council of New Zealand says…
NZ building code case heads to Supreme Court
03 March 2014
Insurers’ victory against Christchurch City Council over the imposition of stricter building-strengthening rules is to be tested in New Zealand’s highest court…
Rates slow but pricing remains ‘rational’
24 February 2014
Rate rises are slowing but insurers have not started “irrational pricing”, according to IAG MD Mike Wilkins…
ICA commissions strata inspection scheme
24 February 2014
The Insurance Council of Australia has tasked James Cook University with designing an engineering inspection scheme for strata title properties in north Queensland…
Canterbury quake bill rises as claims settle
24 February 2014
The end is in sight for insurers settling claims from the Canterbury earthquakes, but their costs from the events are also rising…
Year ahead to bring ‘growth through digital channels’
24 February 2014
The Australian insurance industry will return to a focus on new business growth this year, according to consultants Capgemini Australia…
Defence insurer takes Roy Morgan award
24 February 2014
Defence Service Homes Insurance was named general insurer of the year at the Roy Morgan Research Customer Satisfaction Awards in Melbourne last week…
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…
Victorian bushfire victims lodge claims
17 February 2014
RACV insurance has received 87 claims relating to recent Victorian bushfires – including three total losses…
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…
Oasis model debuts with Australian floods
10 February 2014
Australian floods feature in a new catastrophe modelling tool that uses open-source software to cut costs and improve data access…
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…
Moody’s predicts steady year for LMI groups
10 February 2014
Moody’s Investors Service expects to maintain the ratings of insurers offering lenders’ mortgage insurance over the next year…
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…