07 November 2022
The Insurance Council of Australia has released a roadmap for the industry to achieve net zero emissions amid forecasts for worsening natural catastrophe impacts from climate change...
07 November 2022
The level of coverage provided under cyber insurance policies is “a contributing factor” in how ransomware incidents are handled and resolved by victims, and whether a business decides to pay the ransom, the Australian Cyber Security Centre says...
07 November 2022
The Optus data hack and other high profile breaches have cast a cloud over the willingness to share information through the consumer data right as the Government prepares to roll it out more widely, Financial Rights Legal Centre Policy and Advocacy Officer Drew McRae says...
07 November 2022
Finity Climate Practice Leader Rade Musulin says actuaries can “make a significant contribution” at the 27th session of the Conference of the Parties...
07 November 2022
Climate change stress testing carried out by the Reserve Bank of New Zealand – Te Pūtea Matua reveals river and surface water flooding may pose a greater risk to residential mortgages than coastal flooding...
07 November 2022
A new joint survey from the Insurance Council of Australia and Smartraveller has revealed a significant number of Australians are looking to travel – but ICA warns an “alarming high” number are uninformed on key issues...
31 October 2022
Insurance industry investment performance is expected to rebound this year but claims inflation is likely to remain a major challenge for some time, Finity says in its annual Optima report...
31 October 2022
The High Court of Australia rejected policyholder applications seeking leave to appeal in the second covid business interruption test case after deciding that the chances of success were “insufficient”...
31 October 2022
The latest Australian Actuaries Climate Index reflects record winter rainfall in parts of the country and backs a growing focus on mitigation efforts to reduce the fallout from extreme weather...
31 October 2022
Australia commercial rates at renewal rose at a slower pace in the September quarter – by 5% following a 7% increase in the prior three-month period, Marsh’s latest Global Insurance Market Index shows...
31 October 2022
Strata Community Association has placed building defect issues on the political agenda ahead of the Victorian state election next month...
31 October 2022
A new report from Amazon Web Services and Deloitte has revealed insurance companies rank among the highest achievers on its data maturity scale...
24 October 2022
Flood-related events have generated more than 569,000 insurance claims valued at $8.8 billion since drought broke in February 2020, the Insurance Council of Australia says...
24 October 2022
Seven in ten businesses experienced a ransomware attack in the past five years, a McGrathNicol survey of over 500 owners and executives at Australian businesses with 50 or more employees has found...
24 October 2022
The cost of securing cyber insurance won’t be fixed by new entrants and more capacity, cyber specialist CFC says, as recent tougher terms are a truer reflection of the real risk exposure...
24 October 2022
Brisbane home prices continued to outperform most capital cities this year, though Perth is expected to take over as top performer as the Australian housing market corrects, driven by rising interest rates to limit inflation, the latest QBE Housing Outlook says...
24 October 2022
The Actuaries Insitute says it remains focused on providing insight on future trends as it reflects on its 125th anniversary...
17 October 2022
The High Court of Australia has declined four appeal applications related to business interruption cover during the pandemic after hearing brief legal presentations on Friday...
17 October 2022
Recent flooding across three south-eastern states has been declared a “significant event” by the Insurance Council of Australia...
17 October 2022
Specialisation is likely to become more important as brokers work with clients to manage and minimise risks, particularly in challenging areas, National Insurance Brokers Association President Dianne Phelan says...