Pandemic could lead to 'insurance by subscription'
25 May 2020
The COVID-19 outbreak is likely to create significant change, including the birth of "insurance by subscription", Finity Consultants Director Graeme Adams says...
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Swiss Re looks at public-private BI solutions
25 May 2020
Swiss Re is actively engaged in discussing possible joint public-private arrangements for covering business interruption risks, the group’s Chief Economist Jerome Haegeli says...
SME insurance firms low on confidence amid virus fallout fears
25 May 2020
More than half of insurance and financial firms polled in a national SME outlook survey say the coronavirus outbreak has affected their businesses, and 42% are worried about the next 12 months...
Incoming ICA chief sees importance in tackling climate change
25 May 2020
Incoming Insurance Council of Australia CEO Andrew Hall puts climate change high on his list of priorities, while the man he’s replacing admits he wishes he could have done more...
Claims trickle in after 5.8-magnitude quake in New Zealand
25 May 2020
New Zealand’s Earthquake Commission said today about 60 claims have been lodged by homeowners hours after a 5.8-magnitude quake struck near the town of Levin, 50km north of Wellington...
Industry lukewarm to 'Medicare-style' insurance pricing idea
25 May 2020
A "Medicare-style" system to price risk in bushfire-prone areas is not the answer to the premium affordability problem facing property owners, according to the Insurance Council of Australia...
Claims on the rise as ex-cyclone whacks WA
25 May 2020
Insurance claims are being lodged in WA today as the remains of an unusual out-of-season cyclone continue to bring strong winds and rain to the state...
Former Winley MD slams fraud recovery failure
25 May 2020
The former Director and MD of Perth authorised representative company Winley Insurance Group has criticised the authorities for failing to track down the perpetrators of an $8.69 million fraud which led to the company’s collapse in 2016...
Distraction, inattention major cause of truck incidents: NTI
25 May 2020
Driver inattention or distraction caused 39% of major truck incidents last year, up from 29.6% in 2017, according to the latest study from NTI’s National Truck Accident Research Centre...
Fitch issues insurer ratings recap
25 May 2020
Fitch Ratings has published a review of its ratings on insurers in Australia and New Zealand in the light of the impact of the coronavirus pandemic...
Mansfield Awards secures key sponsor
25 May 2020
The Mansfield Awards – the industry’s premier claims awards – will be sponsored by Steadfast for the fourth year running...
Australia’s mortgage insurer risk 'moderately high', S&P says
25 May 2020
S&P revised Australia's mortgage insurance sector industry risk from low to "moderately high" and says profitability will be pressured by worsening economic conditions...
NZ, Australia in 20 countries best placed for recovery: FM Global
25 May 2020
Australia has been ranked 17th in the 20 countries best placed for economic recovery after COVID-19, sitting five spots above Singapore...
icare produces COVID-19 workplace guide for employers
25 May 2020
NSW state insurer icare has prepared a guide to help employers plan for a safe return to the workplace as social distancing measures are eased in the state...
AFCA expands support for non-English speakers
25 May 2020
The Australian Financial Complaints Authority has improved its resources to help people from culturally and linguistically diverse communities better understand how and when to make a complaint...
Industry prepares for court test on BI wording
18 May 2020
Court action is looming over outdated pandemic exclusions contained within Australian business insurance policies...
Employee protection risks rise as offices reopen
18 May 2020
Gallagher has warned that rising insurance risks as offices reopen include employees contracting COVID-19 and stresses to staff caused by employers’ poor or ineffective management of the crisis...
Insurers 'err on the side of caution' over virus fallout fears: Marsh
18 May 2020
Insurers in Australia and the Pacific region have turned cautious on concerns over the virus pandemic’s fallout on the economy, according to Marsh...
Recent disasters, pandemic 'fuelling consumer changes'
18 May 2020
The consumer shift towards digital channels and demand for tailor-made insurance products has increased even more, driven by recent natural disasters and coronavirus lockdown measures, according to consultancy Capgemini...
Old firefighting methods inadequate: Risk Frontiers
18 May 2020
Australia should move away from long-standing firefighting ideas that are resource-intensive and struggle to control fires when conditions are truly catastrophic, the Royal Commission into National Natural Disaster Arrangements has been told...