Insurance pumps up economy
16 August 2005
State and territory governments collected $3.2 billion in taxes from insurance policyholders in 2003/04 – an increase of 51% over the past five years…
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APRA awards scholarships
16 August 2005
APRA has awarded four student scholarships under the Brian Gray Scholarship Program to students studying a topic of relevance to prudential regulation…
BrokerCentral achieves compliance
16 August 2005
Technology provider InsuranceConnect has announced their broking system, BrokerCentral, has achieved compliance with the Sunrise® Exchange Expert interface…
Expect plenty of M&A activity, says expert
09 August 2005
One of the challenges for Australian insurers in a softening market is to find growth opportunities, but Ian Thompson, Standard & Poor’s MD…
APRA has a say on DOFIs
09 August 2005
The Australian Prudential Regulation Authority has sent an internal report to the Federal Treasury about the controversial use of direct offshore foreign insurers…
ASIC counsel says industry should watch its step
09 August 2005
Peter Clark, the Senior Counsel assisting ASIC in implementing the recommendations of the HIH Royal Commission, says the insurance industry should take on board…
NZ intermediary reforms urged
09 August 2005
A taskforce set up to investigate the role of New Zealand’s financial services intermediaries has nailed brokers’ hopes for a no-change decision…
Actuary calls for audit system that works
09 August 2005
More regulation of actuary audits in the Australian insurance marketplace is needed, according to a leading industry actuary…
Triple-taxing states worry Brough
02 August 2005
Federal Assistant Treasurer Mal Brough says the triple taxation of insurance policies in Australia is “appalling”…
BrokerPlus goes to NAQ
02 August 2005
NAQ Technology has acquired the BrokerPlus system from Lumley Technology…
Industry praises outgoing Carr
02 August 2005
Bob Carr steps down tomorrow as Premier of NSW, and with him goes one of the few political leaders who really understand insurance…
SA moves to thwart Comcare defections
02 August 2005
The Federal Government will ask the Australian Competition and Consumer Commission to investigate whether the states are taking liberties with the law…
Motorists group may set up insurer
02 August 2005
Members of the Sydney-based Motorists Action Group, once one of the major forces in the hopelessly factionalised NRMA before the insurer and road services group…
EQC kicks off earthquake education campaign
02 August 2005
The NZ Earthquake Commission has enlisted ad agency M&C Saatchi to create a campaign to educate the public about what to do before, during and after an earthquake…
QBE scores on awards night
02 August 2005
Awards season continued apace last week, with the Charlton publishing group dishing up a decent helping on behalf of its Australian Banking and Finance publication…
NIBA calls for nominations
02 August 2005
Meanwhile, NIBA has put out its annual call for brokers to nominate their choice as the country’s best general insurer…
Wilkins is ANZIIF’s ‘personality of the year’
26 July 2005
Promina MD and CEO Mike Wilkins has been named the insurance industry’s “personality of the year” at last night’s Australian and New Zealand Insurance Industry Awards…
Code still to be discussed with ASIC
26 July 2005
The general insurance industry’s new code of practice still hasn’t been ratified by the Australian Securities and Investments Commission, and it would probably need surgery…
Victoria reveals flooding exposure
26 July 2005
At least 37,000 houses across Melbourne could be flooded above floor level in a repeat of freak storms that swept across the city in late 2003 and early 2004…
No solution for FICS’ legal challenges
26 July 2005
Attempts by the Financial Industry Complaints Service to make members responsible for its costs in the event of judicial reviews have been knocked back by members…