06 July 2020
The Insurance Council of Australia has pushed backed calls from consumer advocates for a national pricing monitor, saying there is no evidence to back up their claims of “price gouging" by insurers...
06 July 2020
The insurance industry has the highest number of virus-related disputes, accounting for 38% of the 4773 cases lodged against financial services providers since March, when the pandemic was declared...
06 July 2020
Lloyd’s is urging industry and government collaboration in countries including Australia to improve risk protection responses to the COVID-19 pandemic and future risks...
06 July 2020
Infrared thermography scanning technology is being rolled out in three Australian states to safeguard organisations from COVID-19 and flu infection breakouts within shared office environments...
06 July 2020
Discussions on liability cover for farms hosting coal seam gas operations are continuing between the Insurance Council of Australia, the Australian Petroleum Production and Exploration Association and other groups...
06 July 2020
The Earthquake Commission is spending $NZ3 million on new research to increase New Zealand’s resilience to natural hazards and reach its goals of stronger buildings, resilient infrastructure and access to insurance...
29 June 2020
The COVID-19 outbreak and the subsequent switch to digital technology leaves Australian general insurers with no choice but to transform their operations, a leading consultant says...
29 June 2020
The Australia general insurance industry is expected to suffer a two-percentage point drop in premium growth for the year to December because of the virus pandemic disruption, S&P Global Ratings says in a report released today...
29 June 2020
The Australian Financial Complaints Authority says it does not expect insurance brokers to explain “inherently obvious” exclusions to customers unless specific requests have been made to have the risks covered...
29 June 2020
Claims that the COVID-19 outbreak could lead to the “death” of insurance call centres have been refuted by leading insurer IAG...
29 June 2020
Australia’s geographic remoteness should not prevent moves to diversify supply chains as the coronavirus outbreak highlights risks from global shocks, FM Global says...
29 June 2020
Climate models monitored by the Bureau of Meteorology are increasingly pointing to a La Nina event forming this year, raising the likelihood of above-average rainfall...
29 June 2020
Property repair claims platform Handdii has entered into a partnership with California-based Hippo Insurance, giving the Australian outfit an instant entry into the US, the world’s biggest insurance market...
29 June 2020
New Zealand’s Earthquake Commission has extended the deadline for owners of on-sold properties in Canterbury needing repairs to apply for government funding...
22 June 2020
Insurance experts and Australia’s defence department are urging businesses to check their cyber security measures are up to date after Prime Minister Scott Morrison warned last week that organisations are being targeted by a "sophisticated state-based cyber actor"...
22 June 2020
Stock exchange operator ASX has discussed the rising cost of directors’ and officers’ cover with London insurers amid worries the issue may undermine the attractiveness of the local securities market...
22 June 2020
IAG expects there will be "some pressure around reinsurance costs" but believes its multi-year quota share programs will provide some relief...
22 June 2020
A global survey of several hundred CEOs and CFOs at companies with $US1 billion or more in revenue has found more than half in the Asia-Pacific region believe their companies are underprepared for climate-related financial risks...
22 June 2020
About 20% of SMEs in New Zealand are considering increasing their business interruption cover, compared with 10% who are thinking about a decrease in cover...
22 June 2020
New Zealand’s Earthquake Commission has renewed its $NZ6.2 billion reinsurance program for a total premium of $NZ185.7 million...