Talk to customers about risk: Seymour
19 November 2012
Brokers must educate clients about risk rather than only discussing price, according to Macquarie Premium Funding CEO Gary Seymour…
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Allianz stars again with Virgin travel product
19 November 2012
Virgin Australia’s comprehensive domestic travel insurance product, underwritten by Allianz Global Assistance, has again won a five-star rating in Canstar’s annual travel insurance survey…
Fraudsters love automated payments, says fraud expert
19 November 2012
Fraud rates will rise as insurers automate their claims systems, a Harvard University expert has warned…
Climate change worries insurance professionals
12 November 2012
Changing weather patterns and how they should be dealt with are uppermost on the minds of insurance industry professionals, according to a survey by the Actuaries Institute…
Climate change raises fire risk across Australia: report
12 November 2012
Fire risk has risen across Australia over the past four decades, particularly in the south and southeast, in a clear example of man-made climate change, according to one of the world’s foremost climate experts…
Toxic derivatives cost Chartis $5.5 million
12 November 2012
Insurer Chartis will be given a temporary reprieve from paying $5.5 million to financial intermediary Local Government Financial Services after fellow defendant Standard & Poor’s indicated it will appeal…
Great Southern insurers test D&O
12 November 2012
The legal action being brought against the collapsed managed investment scheme Great Southern is bringing the issue of access to directors’ and officers’ liability insurance to a head, with insurers…
Australia well down insurance penetration rankings
12 November 2012
Australia is 14th in the world ranking for general insurance penetration, according to the World Economic Forum’s 2012 Financial Development Report…
Most small businesses not insured for business interruption
12 November 2012
Around 65% of small businesses do not have business interruption cover and 16% do not even have fire insurance, according to research conducted for Allianz…
Council claims $NZ575 million from Christchurch earthquakes
12 November 2012
Christchurch City Council has claimed $NZ575.6 million ($456.9 million) for earthquake damage and has so far received $NZ379.4 million ($301 million) from insurers…
Coalition considers reinsurance pool to cut north Queensland premiums
05 November 2012
The Federal Opposition will investigate whether the Australian Reinsurance Pool Corporation could be used to reduce the cost of insurance in north Queensland…
Disputed storm claims still clog files
05 November 2012
More than 500 insurance claim disputes remain unresolved almost two years after one of Australia’s most destructive spates of natural disasters…
Reef trip winners selected
05 November 2012
Adelaide broker Carol Caldwell and Sydney broker Eric Lowenstein have been named as the winners of the Catlin/Insurance News trip to the Great Barrier Reef…
Australians insurers ranked among top asset managers
05 November 2012
QBE is the highest-placed Australian general insurer in Towers Watson’s global investment managers survey – ranked 263 out of 500…
Transfer workers’ comp and CTP to private insurers: Suncorp
05 November 2012
State workers’ compensation and compulsory third-party insurance schemes should move from public to private underwriting to increase efficiency, cut costs and improve health, according to a new…
Website targets motorcycle theft
05 November 2012
A new website aims to educate motorcyclists on crime prevention, with figures showing motorbike thefts now account for more than a quarter of all vehicles stolen and not recovered in Australia…
Brokers need smarter data processing, says Kelly
29 October 2012
Brokers and insurers must streamline the process of transmitting clients’ information, Steadfast MD Robert Kelly says…
Industry faces reinsurance premium ‘hazard’
29 October 2012
Soaring reinsurance premiums and an ever-increasing array of providers are among the “navigational hazards” facing insurers, according to leading actuarial consultant Jamie Reid…
Code of practice reviewer seeks submissions
29 October 2012
The initial phase of the General Insurance Code of Practice review has been completed, with the release of an issues paper and a call for submissions…
Cat modellers still adjusting to claims escalation: Swiss Re
29 October 2012
Devastating earthquakes in New Zealand, Japan, Chile and Haiti in the past two years have given insurers and catastrophe modellers greater insight into seismic risk – but the industry has yet to implement…