04 May 2020
The latest Australian Actuaries Climate Index charts the record-breaking summer conditions that led to one of the worst disaster seasons on record, with insured losses of at least $4.6 billion caused by fire, floods and hail...
04 May 2020
Australia’s cyclone season finished on April 30, with Bureau of Meteorology officials confirming it as "below average"...
04 May 2020
A lack of external partners with experience in both artificial intelligence and insurance is the major barrier to the adoption of the technology in the sector, according to a survey by professional services firm Genpact...
04 May 2020
New Zealand insurers have paid $NZ19.7 million to meet losses from the February floods that caused a state of emergency in Southland, Fiordland and Clutha...
04 May 2020
Increasing numbers of overdue invoices and debt collections are pointing to a worsening environment for trade credit insurers a quarterly index shows...
27 April 2020
Insurers have provided written answers on coronavirus exclusions for travel and business cover ahead of two days of Federal Parliament committee hearings that start tomorrow...
27 April 2020
Insurers have pushed back against a leading consumer group’s assertion that climate change could make insurance unaffordable for many Australians...
27 April 2020
Rising unemployment, the closure of many workplaces and a move to working from home in all but essential services has muddied the waters for insurers and will put the spotlight on claims criteria as restrictions begin to be unwound...
27 April 2020
The Australian insurance industry is unlikely to rebound quickly from the impact of the coronavirus outbreak, London-based analytics company GlobalData says, amid warnings the local economy may experience its deepest slump since the Great Depression in the first half...
27 April 2020
RACQ Insurance has received 882 claims for home and vehicle damage after a wild storm saw golf-ball sized hail hit Rockhampton and parts of central Queensland on April 19...
27 April 2020
Sydney-based risk modeller Risk Frontiers wants government, research and industry stakeholders to collaborate in a “research and innovation blueprint” outlining how technologies will enhance firefighting in both the near term and with “the next generation of capability”...
27 April 2020
The National Motor Vehicle Theft Reduction Council is urging education for Australian drivers that highlights how simple measures like storing keys away from windows and doors can greatly reduce the risk of car theft...
20 April 2020
The COVID-19 outbreak will speed up the digital transformation of Australia’s general insurance industry, according to DXC Technology...
20 April 2020
Casino operator The Star Entertainment Group is working through the process for a business interruption claim, amid expectations that most enterprises won’t be able to gain cover for disruptions caused by the coronavirus...
20 April 2020
COVID-19 infection rates are significantly more widespread in Australia than has been reported, with as many as 20,000 carriers of the disease, modelling by the Actuaries Institute shows...
20 April 2020
No more insurers have joined the regulator-approved scheme to support customers through the coronavirus crisis, but several have unveiled their own initiatives...
20 April 2020
More insurers and brokers have stopped offering rent default cover in new residential landlord policies or reduced the scope of coverage for renewals in response to the coronavirus outbreak, prompting a request for "clarity" from the real estate industry...
20 April 2020
Swiss Re says Australian catastrophe data and urban development patterns show the insurance industry and governments must take action as climate change amplifies exposures from "economic accumulation"...
20 April 2020
The Insurance Council of Australia has warned on the importance of fire safety checks after reports of building inspection access being denied due to social distancing concerns...
20 April 2020
US commercial property insurer FM Global has published a guide to help clients in Australia protect their idled facilities during this coronavirus outbreak...