Stars align for ACORD in Australia
18 November 2013
Next year promises to be a breakthrough period for the Association for Co-operative Operations Research and Development in Australia, with more insurers expected to adopt its standard forms…
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Lloyd’s Asia chief sees positive signs in NZ market
18 November 2013
Claims are still being settled, but Christchurch is well on the road to recovery and New Zealand remains attractive to insurers and reinsurers, Lloyd’s Head of Asia-Pacific and Asia MD Kent Chaplin says…
FOS acts to speed up dispute process
18 November 2013
The Financial Ombudsman Service says it will add specialist expertise to the early stage of its dispute resolution process, and will seek to eliminate the backlog of cases…
Industry GWP gains 4% as NZ quake costs ease
18 November 2013
New Zealand’s insurance sector posted a 4% rise in gross written premium for the year to June 30, KPMG says…
More consumers research products online
18 November 2013
A third of Australians have researched home and vehicle insurance online, and often switched providers as a result…
Affordability ‘major issue’ for NZ consumers
18 November 2013
Insurance affordability is one of the biggest problems confronting consumers in New Zealand, according to AA Insurance CEO Chris Curtin…
Heavy vehicle thefts buck downward trend
18 November 2013
Heavy vehicle theft increased 26% over the past decade, in a period when the overall number of stolen vehicles fell 44%…
Personal lines insurers urged to improve customer insights
11 November 2013
Direct insurance brands have started to threaten established insurers’ dominance in personal lines because consumers believe they are cheaper, Accenture insurance practice MD Ravi Malhotra says…
Capital flow leads to softer reinsurance rates
11 November 2013
The flow of capital into reinsurance markets has led to softening rates in Australia and New Zealand, Willis Re Head of Broking Glen Riddell says…
Shop around for home cover, says Choice
11 November 2013
Home insurance buyers should obtain quotes from three providers, because some will match or beat competitors’ premiums, according to Choice…
NSW bushfire losses grow to $183 million
11 November 2013
Loss estimates from the NSW bushfires have passed $183 million, with 1632 claims lodged and 27% of total-loss residential building claims settled, according to the Insurance Council of Australia…
NIBA warns brokers on FSL phase-out
11 November 2013
The National Insurance Brokers Association has warned members to implement systems that guard against charging the Victorian fire services levy on policies renewed after July 1…
NZ Auditor-General criticises EQC
11 November 2013
New Zealand’s Auditor-General has raised a number of concerns in a review of the Earthquake Commission’s home repair program…
Industry to meet Sinodinos over FNQ affordability
04 November 2013
The cost and affordability of insurance in Far North Queensland, particularly strata cover, will be up for discussion when industry representatives meet Assistant Treasurer Arthur Sinodinos on Wednesday…
Risk rises amid urbanisation and expansion: Zurich
04 November 2013
Urbanisation and interconnectedness are increasing the complexity and volume of risk, according to Zurich Corporate Business CEO Thomas Hurlimann…
Many Queenslanders ‘unprepared for cyclone season’
04 November 2013
About 16% of Queensland householders have no home building and contents insurance as cyclone season approaches, according to an RACQ Insurance survey…
Macquarie launches fourth broking survey
04 November 2013
Macquarie Business Banking wants brokers to take part in its latest Insurance Broking Benchmarking Survey…
GI disputes down, FOS says
04 November 2013
The Financial Ombudsman Service received 8304 disputes in the September quarter, down 5% on the corresponding period last year and up 1% from the previous three months…
NSW bushfire claims reach $156 million
04 November 2013
Loss estimates from the NSW bushfires have risen to $156 million, with 1290 claims lodged, according to the Insurance Council of Australia…
EQC hits small claims target
04 November 2013
New Zealand’s Earthquake Commission “settled” all standard Canterbury claims below $NZ15,000 ($13,065) by its October 31 deadline…