Insurance brokers need to stave off the competition
24 November 2008
Australian insurance brokers are aware of the values of advertising, but they also maintain a stranglehold on commercial lines, according to NIBA CEO Noel Pettersen...
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Insurance affected by ‘bombs’ on Australian roads
24 November 2008
The financial strain on Australians is extending to the roads, where “death traps” are risking people’s lives and the theft of older cars is on the rise...
Industry anger as NSW adds another levy
17 November 2008
The insurance industry has reacted angrily to the NSW Government’s imposition of a new $39 million levy on insurance policies to fund the State Emergency Service...
AIG Australia’s profits up while US parent falters
17 November 2008
AIG Australia CEO Chris Townsend has reassured brokers that while US parent AIG has reported large third-quarter losses, the local operation remains profitable...
Senate wants home warranty insurance beefed up
17 November 2008
The Senate Economics Committee has completed its eight-month inquiry into last-resort home warranty insurance by recommending better consumer protection measures for the product...
KPMG defends itself over Westpoint claims
17 November 2008
KPMG has until next March to give its defence over the auditing of Westpoint companies as it takes on the Australian Securities and Investments Commission in court...
Brace yourself for severe weather: researchers
17 November 2008
A Griffith University study charting more than 200 years of coastal storms indicates a sustained period of severe weather is due in the near future...
Mixed outlook for general insurance industry
17 November 2008
The economic downturn will put pressure on gross written premium growth and is likely to spur increased claims on certain insurance lines, a leading industry analyst claims...
Profitability of recent years now in the past
17 November 2008
A slowing economy, a turnaround in the soft market for commercial lines, increasing pressure from claims inflation and the diminishing influence of reserve releases is…
Brisbane storm ‘worst in years’
17 November 2008
A storm that battered south-east Queensland late yesterday is the worst to hit the area in 24 years, according a local loss adjuster...
NT Government quells premium hike fears
17 November 2008
NT’s Country Liberal Opposition is causing a stir by suggesting motor insurance premiums in the territory will skyrocket due to the financial crisis...
Perth risk manager takes RMIA presidency
17 November 2008
The Risk Management Institution of Australia has elected Brian Roylett as President...
Industry leaders uncertain over ANZIIF/CII merger
10 November 2008
Industry leaders will need some convincing before the merger of the major insurance training organisation with the London-based Chartered Insurance Institute gets their full support...
Privatisation closer as NZ Nationals win election
10 November 2008
NZ’s state-owned personal injury insurer is set to face private competition after voters tipped out the Labour Party government in Saturday’s election...
Red Sea piracy worries local marine insurers
10 November 2008
Increased levels of hijacking and piracy off the coast of Somalia are worrying marine insurers...
NIBA disputes dispute resolution cap
10 November 2008
NIBA has opposed the corporate regulator’s proposal to impose uniform dispute resolution services and raise the compensation limit by 280%...
Software provider puts Kiwis on UK nightshift
10 November 2008
UK insurance software house Transactor Global Solutions plans to open an office in Auckland so it can serve UK brokers 24 hours a day...
Super-institute: ANZIIF to merge with Britain’s CII
03 November 2008
The Australian and New Zealand Institute of Insurance and Finance has announced its plan to merge with the UK-based Chartered Insurance Institute ...
Market set to harden
03 November 2008
Industry heavyweights say Australian insurers are well placed to ride out the storm as the world economy deteriorates, with premium rates set to harden...
Economy a short-term problem, but climate change is here for good
03 November 2008
The financial crisis will take its toll on Australia but the insurance industry’s focus needs to be on climate change, according to the Head of Swiss Re Australia and NZ…