Report calls for transparency on mental health discrimination
08 November 2021
The Public Interest Advocacy Centre has called for more transparency from insurers in relation to their use of actuarial and statistical data...
Local
Rising hail threat heightens recovery focus: Axa
08 November 2021
Improving hailstorm recovery processes has become more important given escalating risks and limited options for building owners to minimise the threat, Axa XL says...
Perils Halloween storms final estimate raises losses
08 November 2021
The Queensland Halloween hailstorms last year caused insurance losses of $1.22 billion, catastrophe data company Perils says in its final estimate for the event...
Dive In attracts record audience
08 November 2021
This year’s Dive In, the insurance industry’s diversity and inclusion festival, attracted its highest global audience to date, with 31,000 participants attending the three-day event from more than 100 countries...
Australian businesses fear cyber threat most: Aon risk survey
01 November 2021
Fears of a cyber assault have topped a biennial Aon risk list for the first time since the broker started its Global Risk Management Survey in 2007...
Australia rates growth continues to ease: Marsh index
01 November 2021
Overall commercial rates in the Australia-dominated Pacific market again grew at a slower pace in the third quarter but the cyber line bucked the trend, mirroring patterns seen globally, according to the latest Marsh price index...
Border reopening paves way for resumption of travel insurance sales
01 November 2021
Insurers look set to resume large-scale international insurance sales after the Federal Government removed its “do not travel” global advisory, more than a year after it was introduced after the COVID-19 pandemic was declared in March last year...
Wild weather triggers catastrophe declaration
01 November 2021
The Insurance Council of Australia has extended a catastrophe declared for SA following wild weather last week to include areas of Victoria and Tasmania affected by the same storm system...
Almost every season's weather since 2011 extreme
01 November 2021
Extreme high or low temperatures, high rainfall, strong wind or rising sea levels featured in all but one of Australia’s last 43 seasons, the Actuaries Institute says...
COVID sea/tree changers mindless of extreme weather
01 November 2021
Australians are relocating from urban areas to rural and coastal locations without consideration of the impact of natural disasters, Suncorp says...
AFCA promotes seven senior ombudsmen
01 November 2021
The Australian Financial Complaints Authority has appointed seven senior ombudsmen, a newly created role it says will enhance dispute resolution work...
Rebound expected after COVID set back: Optima
25 October 2021
Australian insurers’ profitability is set to improve this financial year, while remaining below targeted levels, after the COVID-19 pandemic wiped out a rebound expected in the prior period, the annual Finity Optima report says...
BI Full Court appeal set for next month
25 October 2021
The Full Court will hear appeals next month for some of the pandemic business interruption claim disputes that were part of a judgment delivered on the industry’s second test case...
Industry responds to mutual review interim findings
25 October 2021
A discretionary mutual fund may be a suitable way to address the current insurance crisis facing amusement park, leisure and recreation operators, the Australian Small Business and Family Enterprise Ombudsman says...
Claim handling times lengthen in tough market
25 October 2021
Claims are being scrutinised more closely and handling times have increased amid the current hard market conditions, Gallagher says...
Claims roll in after multiple hailstorms
25 October 2021
A series of hail events affecting NSW and Queensland have clocked up thousands of mostly vehicle-loss claims and the Insurance Council of Australia expects an update from members tomorrow on the wider fall-out...
AAMI reveals worst crash hotspots
25 October 2021
Nose-to-tail accidents are the most common type of crash at hotspot sites across Australia, a new study by Suncorp brand AAMI says, while Thursday is the most common day for a collision and afternoons the peak danger time...
Supercomputer examines atypical Black Summer fires
25 October 2021
Black Summer bushfire features that increased difficulties for disaster responders, such as unusual overnight intensity, have been investigated using advanced supercomputer simulations...
Ensuring broken pipe premiums are not money down the drain
25 October 2021
Australians seeking an insurance provider for their home, investment property or other private building asset are advised to compare policies closely to determine whether coverage for broken pipes suits the particular risk factors for their situation and location...
Business Advisory Council begins affordability work
25 October 2021
The Insurance Council of Australia’s Business Advisory Council has held its first meeting as it prepares to develop proposals to address affordability and availability issues in commercial cover...