16 November 2020
The Australian general insurance industry will likely see a 5% nominal growth in gross written premium this year, according to Swiss Re, after regulatory filings showed a first-half rise of 4.7%…
16 November 2020
IAG has warned Australia to expect more severe and frequent extreme weather and catastrophes, with the latest research reinforcing the need for urgent action on climate change…
16 November 2020
Business interruption policy time limits are more likely to be reached as the COVID-19 outbreak causes delays to repair and construction works at major commercial sites after loss-causing events, Axa XL has warned…
16 November 2020
The Insurance Council of Australia and the Master Builders Association will host their first Building Stronger Homes roundtable session in Canberra on November 26…
16 November 2020
The Insurance Council of New Zealand and The Earthquake Commission are encouraging New Zealanders affected by severe weather tracking over the North Island to contact their insurer…
09 November 2020
Fitch Ratings has predicted Australian insurers will find it harder this time round to pass on higher reinsurance costs to customers whose finances have been affected by the current recession...
09 November 2020
“Radical” plans to ban new insurance customer discounts outlined by UK regulators could be replicated here, actuarial firm Finity has warned...
09 November 2020
Insurance losses from October’s Queensland hailstorms have risen to $300 million as claims continue to be lodged from the event, the Insurance Council of Australia says...
09 November 2020
The tough directors’ and officers’ market shows no signs of easing as rates again posted double-digit rises in the September quarter, according to the latest price tracker from Marsh...
09 November 2020
The number of small business insurance complaints to the Australian Financial Complaints Authority more than doubled last financial year...
09 November 2020
The owner of a property destroyed in a major industrial fire in Melbourne two years ago has lost a court appeal against Swiss Re’s decision to deny cover...
09 November 2020
Vero and Good Shepherd NZ are trialling a new car insurance product aimed at improving financial security for Kiwis who might otherwise be excluded from the market...
09 November 2020
IAG and other members of the Australian Business Roundtable for Disaster Resilience and Safer Communities have offered to assist in implementing recommendations from the bushfire inquiry...
02 November 2020
The Insurance Council of Australia has declared a catastrophe for hailstorms that have caused losses of more than $110 million in southeast Queensland at the weekend...
02 November 2020
Australian insurers’ profitability has collapsed to a 20-year low, primarily as a result of falling investment returns but aided and abetted by a spate of catastrophe claims and COVID-19 disruption...
02 November 2020
The flood-inducing La Nina weather system is likely to continue until at least February, the Bureau of Meteorology says in its latest update...
02 November 2020
An inquiry into insurance issues faced by small businesses has been told the caravan park industry could be “brought to its knees” by a lack of affordable insurance cover...
02 November 2020
The National Insurance Brokers Association Code of Practice update is set to include changes to provide clear disclosure around remuneration and greater clarity around services provided...
02 November 2020
Insurance losses from Australia’s 2019-20 natural disaster season – the country’s worst natural disaster season on record – now total $5.94 billion from 315,638 claims, the Insurance Council of Australia says...
02 November 2020
Lloyd’s Apollo Syndicate Management will be ceasing its involvement with the Adani coal mine when the current construction liability policy expires in September next year, bowing to pressure from climate activists...