10 October 2011
The New Zealand Earthquake Commission has moved from a “worst first” strategy to inspecting properties street by street in Christchurch and has begun a campaign to get all contents…
10 October 2011
Insurance companies have set aside more than $4.23 billion to pay for claims related to this year’s tally of natural disasters, according to the latest figures from the Insurance Council of Australia…
10 October 2011
Lumley Insurance is the latest insurer to withdraw from property cover in north Queensland following big losses last summer…
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…
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”…
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…
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…
03 October 2011
Australian insurers are likely to spend more than $5.2 billion on IT services and products in the next financial year…
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…
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…
03 October 2011
Mapping technology will be a key tool for insurers assessing the risks when writing policies, according to a spatial industry consultant…
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…
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…
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…
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…
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…
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…
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…
26 September 2011
The Insurance Council of Australia has denied claims NSW insurers are pocketing “super-profits” from compulsory third party insurance premiums…
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…