ACT adopts new emergency warning and information system
10 October 2011
The ACT Emergency Services Agency has launched a new website and social media accounts that will increase access to warnings and information…
Local
Think global, act local: Snowball
03 October 2011
Suncorp Group CEO Patrick Snowball has told UK insurers the current economic climate has highlighted the need for insurers to be able to respond to “globally transmitted systemic change”…
New statistics mark decline of liability rates
03 October 2011
The extent of softening in the liability markets last year has been revealed in the latest statistics on public and product liability and professional indemnity rates from the National Claims and Policies…
Aon Benfield says reinsurance capacity for local cats ‘remains strong’
03 October 2011
Despite the losses experienced in the past year, reinsurers’ appetites for Australia and New Zealand property catastrophe cover remain strong, a local conference has been told…
Insurers to spend big on technology
03 October 2011
Australian insurers are likely to spend more than $5.2 billion on IT services and products in the next financial year…
Suncorp investigates GPS tracking acceptance
03 October 2011
Suncorp has taken its first tentative steps into the telematics market, funding a University of Sydney study into the public acceptance of GPS vehicle tracking systems…
Travel insurance ‘remains very competitive’
03 October 2011
The majority of travel insurance premiums have not changed during the past 12 months despite a stronger dollar and a spate of global natural disasters, according to Canstar Cannex…
Mapping technology ‘essential for flood cover’
03 October 2011
Mapping technology will be a key tool for insurers assessing the risks when writing policies, according to a spatial industry consultant…
In the latest issue of Insurance News (the magazine)…
03 October 2011
Broking cluster Steadfast is heading into a very big year, with a listing on the Australian Securities Exchange, a brand repositioning and moves to an all-electronic transaction system just some of the…
Challenging conditions ‘can have positive impact’
26 September 2011
Delegates attending last week’s National Insurance Brokers Association Convention in Sydney believe the current challenging global economic environment will present opportunities for business growth…
ICA to hold roadshows ahead of next cat season
26 September 2011
Insurance Council of Australia representatives are about to embark on a series of roadshows around the country to update insurers and loss specialists about the risks posed by the upcoming bushfire…
ICA working on ‘brand insurance’ rebuild
26 September 2011
The Insurance Council of Australia is working to rebuild “brand insurance” after the reputation of the industry suffered a substantial hit during last summer’s natural disasters, CEO Rob Whelan says…
Disputes take too long to settle, inquiry told
26 September 2011
The Queensland floods inquiry has heard that while some claimants have been left waiting for dispute resolution services for up to three months, insurers are not obliged to meet the standards…
Crop insurers nervously waiting for rain
26 September 2011
Crop insurers are facing a couple of nervous months hoping for rains to rescue the winter crop, says Peter Book, Underwriting Manager at agricultural specialist Primacy Underwriting Agency…
Politics breaks out in earthquake red zone
26 September 2011
A political scrap has broken out in New Zealand between the Government and insurance industry over the prospects for long-term reinsurance…
ICA defends NSW insurers on CTP ‘super-profits’
26 September 2011
The Insurance Council of Australia has denied claims NSW insurers are pocketing “super-profits” from compulsory third party insurance premiums…
Risk has to start at the top
26 September 2011
Most actuaries think Australian companies perform well in the area of enterprise risk management, but only half take it really seriously, a survey has revealed…
Don’t mix us in with planners, warn brokers
19 September 2011
General insurance brokers don’t want “the ills of the financial planning industry foisted unjustly” on them, according to National Insurance Brokers President David Duffield…
Moderate growth for insurance this year, says KPMG
19 September 2011
The general insurance market remains resilient despite the natural disasters over the past year and can expect moderate growth in the coming 12 months…
QBE wins brokers’ award Number 10
19 September 2011
QBE has won the National Insurance Brokers Association General Insurer of the Year award for the 10th consecutive year…