02 May 2022
A Macquarie Bank business sentiment survey has found “remarkable resilience” among brokers and the broader general insurance intermediary sector in the way they have responded to pandemic-related challenges...
02 May 2022
Climate models are suggesting above average winter and spring rainfall is possible this year, with the potential for a waning La Nina to be followed by another wet weather driver...
02 May 2022
Insurers need to find the right balance between digital engagement and a more personal, voice-to-voice customer experience when catastrophes strike, Xceedance Australia Associate VP of Client Solutions Francine Davis says...
02 May 2022
The Bushfire Building Council of Australia has launched FORTIS House, a resilient home building project it has been working on in collaboration with NRMA Insurance and other partners...
26 April 2022
Cyber attack, data loss and cyber extortion have been ranked as the top three risks for directors and officers in Australasia by a significant margin, with regulatory risk coming in at number four, according to the latest Directors’ Liability Survey from Willis Towers Watson and law firm Clyde & Co...
26 April 2022
The Financial Rights Legal Centre has called for regulatory oversight of general insurance claims reporting after a report it commissioned found issues with the data practices of insurers...
26 April 2022
Zurich-based catastrophe data company Perils estimates insured losses from recent flooding in Queensland and NSW at $3.99 billion, taking over Brisbane’s 2011 event to be the largest flood loss on record for the Australian insurance industry...
26 April 2022
The lessons and challenges resulting from the catastrophic NSW and Queensland floods are the focus of the latest edition of Insurance News magazine, which has been mailed out to subscribers and will also be available online...
26 April 2022
The Australian Institute of Quantity Surveyors has again floated a solution to address “significant” levels of underinsurance among property owners...
26 April 2022
The National Insurance Brokers Association has made some adjustments to the updated code of practice, which will come into effect from November...
26 April 2022
Suncorp is calling on governments to introduce financial literacy as a standalone course across all secondary schools after research found the current traditional maths approach is failing young Australians, particularly teenage girls...
26 April 2022
Faults in New Zealand’s common greywacke rocks, which have caused devastation in Christchurch, Kaikoura and Edgecumbe in recent years, are for the first time being studied, backed by Earthquake Commission funding...
11 April 2022
The latest NSW/Queensland flood catastrophe, one of the worst to hit the east coast in recent years, will have an “inevitable” impact on premiums, KPMG Insurance Partner Scott Guse says...
11 April 2022
The Insurance Council of Australia now estimates the cost of recent east coast flooding at more than $2.43 billion from 173,346 claims lodged so far...
11 April 2022
Class action hearings related to business interruption insurance cover during the pandemic have been deferred while the process seeking High Court leave to appeal continues on the industry test case...
11 April 2022
The board overseeing the new cyclone reinsurance pool should include policyholder representation from the Queensland region targeted by the new scheme, Northern Australia Insurance Lobby Co-Chairman Margaret Shaw says...
11 April 2022
Insurance losses from Cyclone Dovi, which traversed a swathe of New Zealand in February, have totalled $NZ44.43 million based on provisional claims...
04 April 2022
The General Insurance Code Governance Committee says code subscribers reported 41,768 breaches during the 2020/21 financial year as the industry adjusts to new requirements in the latest version of the code...
04 April 2022
Significant numbers of insurance industry executives and staff around the country have been isolating with covid as Omicron levels rise...
04 April 2022
Australian insurers have been told their reinsurance protection programs will likely become more expensive in the wake of the latest NSW/Queensland flood catastrophe...