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...
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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...
Funeral insurance under fire from NZ consumer group
27 July 2020
Consumer NZ says funeral insurance is “overhyped and oversold” and recommends New Zealanders set up a savings account to fund their service instead...
Disaster research funding ‘pivotal for resilience’
27 July 2020
Long-term funding for natural hazards research “plays a pivotal role” in improving disaster resilience, Emergency Management Minister David Littleproud says, prompting the Government to commit to a new research centre while last summer’s bushfires “linger in the national psyche”...
Law firm salutes industry’s ‘resilience’ after clarifying commentary
20 July 2020
The insurance industry has shown resilience through the COVID-19 pandemic and stark predictions of business collapses have “not yet come to pass”, a law firm has stated in a clarification of previous comments...
General insurers ‘better placed’ to handle pandemic claims
20 July 2020
The premium earnings dominance of Australian general insurers over their life insurance peers will reduce the sector’s potential claims exposure to the virus pandemic, according to London-based analyst GlobalData...
Finity calls for targeted subsidies instead of Medicare-style pricing
20 July 2020
So-called “targeted subsidies” may be needed to address the challenge of higher premiums in bushfire-risk areas as climate change takes hold, Finity says in a blog post...
Rainy days may be forerunner to a La Niña
20 July 2020
A below-average run of consecutive dry days in autumn across much of Australia could be a forerunner to a return of La Nina conditions, according to the latest Australian Actuaries Climate Index...
Australia ‘ripe for driverless vehicles’
20 July 2020
Australia is steadily developing a supportive environment for driverless cars, ranking 15th – a notch below Germany – among 30 countries assessed by KPMG for their readiness for autonomous vehicles...
Insurtech Gateway eyes pay-as-you-drive motor line
20 July 2020
Insurtech Gateway Australia is planning a pilot launch of a pay-as-you-drive motor insurance product next January, as the London-based insurance incubator looks to shake up the market here...
‘Fuzzy logic’ aims for better earthquake modelling
20 July 2020
New Zealand’s Earthquake Commission is funding research that promises better models to predict future multi-fault earthquakes...
Broker survey uncovers scale of renewals challenge
13 July 2020
Catastrophe claims combined with the disruption of the COVID-19 pandemic have created the most difficult insurance market conditions for almost two decades, brokers say – and there’s no immediate end in sight...
Leaders hit back over 'failing businesses' claim
13 July 2020
General insurance industry leaders have rebutted a law firm’s claim that insurance businesses will collapse as a result of COVID-19 pandemic claims, disruption and associated global recession...
Hackers using 'big game hunting' tactics to target businesses
13 July 2020
Digital criminals are stepping up their attacks on businesses using a new tactic described as “big game cyber hunting” to extort ransom from victims, law firm Clyde and Co says...
Early start expected for East Gippsland fire season
13 July 2020
East Gippsland’s fire season could start early for a third straight year due to persistent dry conditions, the Bushfire and Natural Hazards Co-operative Research Centre’s latest outlook says...
Only car and home insurance considered essential: survey
13 July 2020
Car and home and contents insurance are the only risk products considered as essential by domestic policyholders, according to a KPMG survey of 1500 consumers...