Challengers take larger share of motor ‘cash cow’
15 April 2013
Challenger brands are continuing to gain ground on IAG and Suncorp in the Australian motor insurance market, according to a new report from Merrill Lynch…
Local
NZ court makes landmark ruling on repair versus rebuild
15 April 2013
The New Zealand High Court has ruled that red-zone designation in Christchurch does not in itself trigger an insurance claim…
Survey reveals brokers’ affordability fears
08 April 2013
Brokers have raised concerns about affordability and underinsurance in a study that suggests more than 35% of clients are downgrading or ceasing personal lines and property coverage…
Industry needs one voice as election looms, Suncorp says
08 April 2013
Insurers and brokers must present a clear and united voice on important issues in the run-up to September’s federal election, according to Suncorp Commercial Insurance CEO Anthony Day…
Wilkins calls on politicians to work for greater good
08 April 2013
Politicians should focus on the national interest and put last month’s “unbelievable” leadership debacle behind them, according to IAG CEO Mike Wilkins…
PL and PI claims, premiums remain static
08 April 2013
About 2.38 million product liability risks were underwritten in 2011, compared with 2.43 million in 2010 and 2.36 million in 2009, according to the National Claims and Policies Database administered by the…
Summer catastrophes top $1 billion
08 April 2013
Claims from last summer’s catastrophes have reached $1.15 billion, according to figures from the Insurance Council of Australia…
QBE scores new business, but Allianz dominates: study
08 April 2013
QBE has improved its share of new business, according to figures from Roy Morgan Research…
EQC shuts down systems after privacy breaches
08 April 2013
New Zealand’s Earthquake Commission has been forced into an embarrassing technology shutdown after two privacy breaches…
Insurers urged to get behind low-income insurance
08 April 2013
Insurers have been urged to work in partnership with the community sector and governments to provide insurance for low-income Australians…
Insurers back Government flood decisions
25 March 2013
Insurers have largely welcomed the Federal Government’s decisions to rule out premium subsidies for policyholders in high-risk flood zones and to not make it compulsory for all household policies to offer…
Embrace Asia’s ambiguity, says regional expert
25 March 2013
Australian insurance companies wanting to do business in Asia must understand the difficulties in growing rapidly in the region, according to former QBE CEO Asia-Pacific Mike Goodwin…
Industry’s disaster plan progressing, says ICA
25 March 2013
The Insurance Council of Australia has marked its progress against the 10-point plan for tackling disasters it released following the catastrophes of 2010 and early 2011…
Average serious injury means four weeks off work
25 March 2013
One in five serious workers’ compensation claims relates to back injuries, the latest statistics from Safe Work Australia reveal…
Boarding house judgement to cost EQC $NZ10 million
25 March 2013
New Zealand’s Earthquake Commission will not appeal against a High Court decision that its cover applies to boarding houses – a ruling that will cost the state-owned insurer about $NZ10 million ($7.95 million)…
NZ insurers collaborate to beat earthquake fraud
25 March 2013
New Zealand insurers, police, the Serious Fraud Office and earthquake recovery agencies have established the Christchurch Fraud Prevention Working Group to combat scams resulting from the Canterbury…
Website explains NZ home insurance changes
25 March 2013
IAG NZ is to launch a website raising awareness of changes to home insurance in New Zealand…
Government rejects compulsory flood cover and subsidies
18 March 2013
The Federal Government has decided against making flood cover compulsory in all home and contents policies, and ruled out subsidies for policyholders in high-risk flood zones…
Brokers losing women, younger business owners: Vero
18 March 2013
SME businesses owned by people aged under 40 are less likely to use insurance brokers, new research shows…
Adjusters want insurers’ code to recognise their skills
18 March 2013
The Australasian Institute of Chartered Loss Adjusters has launched a fresh bid to have the profession fully recognised in the General Insurance Code of Practice, so adjusters can be differentiated…