SME Ombudsman’s inquiry response ‘overwhelming’
10 August 2020
The Small Business and Family Enterprise Ombudsman Kate Carnell says the public response to an insurance inquiry announced by her office two weeks ago has been “overwhelming”...
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NZ premiums to grow 6% next year: S&P
10 August 2020
Property & Casualty insurance premiums in New Zealand are likely to bounce back to grow 6% next year and in 2022, S&P says...
Businesses face growing data extortion threats
10 August 2020
Data extortion is on the rise in Australia and globally, according to cyber specialist CFC Underwriting...
Montoux, People Diagnostix win insurtech contest
10 August 2020
Actuarial science start-up Montoux and health technology firm People Diagnostix have won this year’s DXC Invitational insurtech competition...
NZ insurers pay out almost $30m for flood
10 August 2020
New Zealand insurers have paid $NZ29.6 million to meet losses from the February floods in Southland, Fiordland and Clutha...
BI test case imminent after ICA, AFCA agree launch
03 August 2020
A business interruption test case will be held in “a superior court” to rule on matters relating to COVID-19 shutdowns...
Pandemic seen as boost for insurtech momentum
03 August 2020
Insurers are likely to step up their strategies for working with insurtechs as issues highlighted by the COVID-19 outbreak accelerate interest in partnerships, Insurtech Australia CEO Rita Yates says...
SME insurance complaints spark inquiry
03 August 2020
The Australian Small Business and Family Enterprise Ombudsman has called an inquiry to investigate insurance practices and cover availability after receiving complaints about policy denials and soaring prices...
Westpac GM takes up role as ICA President
03 August 2020
Westpac GM Insurance Sue Houghton will serve as Insurance Council of Australia President through to the end of next year, the board said last week...
Cyber criminals target insurance
03 August 2020
The insurance industry is increasingly being targeted by data thieves, according to the latest data breaches report from the Office of the Australian Information Commissioner...
Climate group pushes for independent insurance monitor
03 August 2020
An independent insurance price monitor should be established to see that Australians in disaster-prone areas can insure and be more resilient, climate experts say...
Pandemic will lead to greater oversight: law firm
03 August 2020
Almost two-thirds of Australian insurers expect more legal and regulatory oversight as a result of COVID-19, a survey of insurance executives has found...
Investors shun businesses disrupted by flood
03 August 2020
Businesses in Australia must take proactive steps to strengthen the resilience of their facilities in flood-affected regions or risk long-term damage to the value of their operations, FM Global says...
Communities ‘not equal’ in ability to withstand disasters
03 August 2020
Many social, economic and institutional factors contribute to a community’s disaster resilience, and what works in one location won’t necessarily work elsewhere...
Modeller updates Australia’s earthquake risk profile
03 August 2020
Catastrophe risk modelling firm AIR Worldwide has updated its assessment of earthquake risk for Australia...
Privacy: financial services losing consumer trust, says Deloitte
03 August 2020
Financial services have seen the biggest loss in trust in privacy among consumers across 10 industries, a new survey from Deloitte says...
SIRA refers conduct at icare to ICAC: report
27 July 2020
The State Insurance Regulatory Authority has referred conduct at icare to the Independent Commission Against Corruption, an investigation by the ABC Four Corners program and The Age/Sydney Morning Herald says...
Mansfields ‘fill gap’ to recognise claims teams
27 July 2020
The Mansfield Awards play a vital role in recognising excellence in claims, one of this year’s winners says...
Business pack facing ‘murky’ future: Macquarie
27 July 2020
The business pack sector is facing a “murky outlook” as business interruption claims and coronavirus shutdowns take their toll, according to a new report from Macquarie Research...
Complaints identified to head business interruption test case
27 July 2020
The Australian Financial Complaints Authority says two complaints have been identified to head a test case on business interruption wordings...