29 May 2023
General insurers face significant challenges in the months ahead, especially when it comes to inflation and unpredictable weather, despite returning better earnings in the year to March, according to the industry and analysts...
29 May 2023
Medical insurer MDA National will introduce a professional indemnity policy exclusion from July related to gender transition assessments for patients under the age of 18...
29 May 2023
New Zealand property buyers who discovered their Canterbury homes needed additional unexpected earthquake-related repairs above a Toka Tu Ake EQC statutory cover cap have been given until September to formally opt in to a class action...
29 May 2023
Claims inflation has emerged as a key challenge for insurers in building defects proceedings commenced by owners’ corporations, law firm Clyde & Co says in a market insight update...
29 May 2023
Insurers in Australia and the Asia Pacific could withstand an additional fall of 10% in regional equity markets without affecting credit rating, according to an S&P Global Ratings stress test...
29 May 2023
Premium rates are expected to continue increasing, particularly for property classes that have been affected by extreme weather-related losses, Fitch Ratings says in an Asia Pacific report...
22 May 2023
Rural brokers are alarmed after CGU confirmed it will cut commission on its crop product from 20% to zero from July 1...
22 May 2023
Argis is yet to secure a new underwriter for its Farm Extra Insurance product after a five-year arrangement with HDI Global Specialty came to an end last month...
22 May 2023
The Insurance Council of Australia (ICA) has urged the Federal Government to act quickly on fixing the “patchwork” of policies, laws and frameworks that are hobbling the country’s cyber deterrence...
22 May 2023
Addressing capacity constraints and transparency are top priorities to improve the situation in the strata insurance market, consultant John Trowbridge says in the final report delivered as part of a three-phase review...
22 May 2023
The Insurance Council of Australia says two executives appointed to its board at last week’s annual general meeting will bring extensive experience at a pivotal time...
22 May 2023
Gallagher Bassett was able to mobilise its global taskforce to help support insurers battle unprecedented claims volumes in New Zealand after two catastrophic weather events this year...
22 May 2023
A feature article in the April/May edition of Insurance News magazine quoted Finity Travel Insurance Practice Leader Danielle Casamento as saying premiums for international travel insurance had increased by more than 5% on average compared to pre-pandemic levels...
15 May 2023
Australian property pricing rose 1-10% in the first quarter as catastrophe concerns contributed to a two-tier market, while coverages were more restrictive, Aon says...
15 May 2023
Professional indemnity (PI) and public and products liability premiums have increased sharply since 2015 as claims trends deteriorated, according to an annual Australian Prudential and Regulation Authority (APRA) report...
15 May 2023
Australian insurance providers have been urged to stay vigilant to “greenwashing” as companies globally face growing pressure from activist shareholders and consumers to adopt more pro-climate policies...
15 May 2023
The Black Summer bushfires may have contributed to the following triple La Nina, with smoke from large-scale events having some similarities to impacts caused by volcanic eruptions, researchers have found...
15 May 2023
The Insurance Council of Australia (ICA) will consult with its members over proposed measures, including introduction of sanctions, to improve the voluntary Motor Vehicle Insurance and Repair Industry Code of Conduct...
15 May 2023
More than half of general insurance customers are thinking about switching providers and younger consumers are more likely to change, a survey by customer insights agency Perceptive has found...
15 May 2023
Insurers have contributed funds for a $7.75 million cross-industry commitment to Australia’s financial counselling services...