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…
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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…
Most Vic bushfire victims agree to sell
29 October 2012
Almost 80% of selected landowners in bushfire-prone areas of rural Victoria have agreed to sell their land under the State Government’s $50 million buyback scheme…
Travel cover dominates NZ complaints
29 October 2012
Travel insurance accounted for most complaints to New Zealand’s Financial Services Complaints Ltd in the year to June 30…
Catlin competition closes on Wednesday
29 October 2012
The Catlin Seaview Survey competition closes on Wednesday…
Insurance News gives you life and health
22 October 2012
Insurance News will launch a new website on October 31 to provide a complete news and information service for intermediaries and other professionals working in life insurance and health insurance…
North Queensland strata report vindicates insurers on pricing
22 October 2012
Residential strata title insurance premiums in north Queensland have been underpriced for years and the business has provided poor returns to insurers, according to an Australian Government Actuary report…
Non-flood insurance complaints rise: FOS
22 October 2012
General insurance complaints to the Financial Ombudsman Service are continuing to rise, even with flood disputes removed from the figures…
Eqecat unveils Australian earthquake model
22 October 2012
Risk modeller Eqecat says its new Australian earthquake tool is the first to implement this year’s hazard model update from Geoscience Australia…
Better risk management equals higher value, says Aon
22 October 2012
Companies that invest in sophisticated risk management practices will report a stronger financial performance and enjoy a higher share price, according to research for Aon…
Chartis faces court battle over D&O on failed finance company
22 October 2012
Failed New Zealand finance company Hanover Group has taken AIG to court in a dispute over directors’ and officers’ cover…
No damage from Waikato quakes, insurers say
22 October 2012
Two earthquakes in Waikato on New Zealand’s North Island have left the region unscathed…
Fantastic reef visit prize: don’t delay
22 October 2012
Brokers and authorised representatives still have an opportunity to win a two-day trip to join the Catlin Seaview Survey on the Great Barrier Reef next month…
Win a trip to the Great Barrier Reef
15 October 2012
Catlin and Insurance News have joined forces to offer two brokers a trip to join the Catlin Seaview Survey on the Great Barrier Reef next month…
Weather, technology and regulation hold the keys to future
15 October 2012
Insurers may face a decade-long bad weather cycle, according to the MD of actuarial firm Finity Consulting, Estelle Pearson…
APRA data fails to present a clear picture
15 October 2012
Australia’s liability insurers are selling more policies and are generally growing – but the sector’s profitability is not so easy to define…
Social media raises risk to companies
15 October 2012
The speed of social media and its lack of accountability make it more difficult to manage the risk of online attacks, the Aon Advanced Risk Finance Conference has heard…
Global cyber risk premiums near $1 billion
15 October 2012
Cyber risk insurance is nearing $US1 billion ($978 million) in annual premiums globally, as companies look to cover losses from social media attacks, privacy breaches and data damage…
Quakes royal commission report has implications for all NZ
15 October 2012
The Canterbury Earthquakes Royal Commission says the latest volume of its report has relevance for cities and towns across New Zealand…