17 October 2022
The insurance industry is being battered by natural catastrophes, inflation and a tight economy, so Insurance News magazine this month takes a long and detailed look at how reinsurers, insurers and brokers are faring. We also have Taylor Fry’s annual examination of the industry class by class...
17 October 2022
10 October 2022
Australia is at heightened risk of an above-average number of tropical cyclones until May, and also that they will develop earlier than usual...
10 October 2022
The Insurance Council of Australia says other flood mitigation options will offer better long-term protection in the Hawkesbury-Nepean Valley than raising the Warragamba Dam wall by 14 metres, after the NSW Government elevated the proposed extension to “critical” status...
10 October 2022
Businesses are increasingly looking at current and future climate change impacts on their operations and are seeking advice and assistance from the insurance industry, global broker Aon says...
10 October 2022
Any class action taken against Optus over the data breach exposing customers to identity theft is likely to succeed and could result in billions in compensation being awarded, to be Australia’s largest and most costly case, University of Newcastle law academics say...
10 October 2022
Brokers that are not reporting any code of practice breaches are set to face scrutiny from the compliance committee due to concerns that issues are flying under the radar...
10 October 2022
IAG-subsidiary AMI says New Zealand drivers under the age of 25 are 26% more likely to have an accident when compared to other drivers...
10 October 2022
Researchers from the University of Otago have set up a network of seismometers in Southland that they say will fill a “seismic blind-spot” to uncover hidden fault lines in the region...
03 October 2022
The High Court of Australia will hear arguments mid-month around allowing further appeals on the covid-related business interruption test case...
03 October 2022
New research reveals insurance professionals rank mental health as the most pressing cultural issue that needs to be addressed within the industry, followed by gender equity...
03 October 2022
Despite attacks on giant firms such as Optus grabbing the headlines, SMEs are increasingly the victims of cyber crime, the Actuaries Insitute warns...
03 October 2022
Underinsurance among Australia’s homeowners, which spiked last year as the cost of building materials inflated, is likely to have now increased to beyond 90% of policyholders, the Australian Institute of Quantity Surveyors says...
03 October 2022
New Zealand homeowners will have their EQCover building cap doubled to $NZ300,000 for their insured properties after previously announced changes came into effect on October 1...
26 September 2022
Torrential rainfall fell in parts of NSW and southeast Queensland last week, causing rivers to burst their banks and flash flooding to hit already saturated areas, as an extended wet weather pattern continues to lead to further insurance claims...
26 September 2022
More Australian organisations are under scrutiny from cyber hackers and nation-state actors after leaders signed up to international security pacts, French technology group Thales Cloud Security says...
26 September 2022
Intermediaries placed more business by premium in the June half, invoicing about $16.58 billion compared with $14.2 billion in the corresponding period last year, Australian Prudential Regulation Authority figures released last week show...
26 September 2022
Rising renewable energy development in Australia has highlighted the logistical challenges in shipping specialist equipment from overseas and the role of project cargo insurance in supporting new power generation, Axa XL says...
19 September 2022
More frequent and severe natural disasters could make home and contents insurance unviable for insurers, Taylor Fry warns...
19 September 2022
Premiums are set to remain “inflated” as changing climate patterns lead to more extreme weather events in Australia, analytics consultancy Decision Inc said today after examining key data from the last few years...