Parliamentary committee demands BI, travel answers
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...
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Bushfire inquiry sparks new insurance affordability debate
27 April 2020
Insurers have pushed back against a leading consumer group’s assertion that climate change could make insurance unaffordable for many Australians...
The exit challenge for insurers: claims criteria
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...
Motor, property hard hit in economic slump
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...
RACQ sees hailstorm climbing towards 900
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...
Innovation blueprint needed for next gen firefighting
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”...
Storing keys out of sight cuts car theft: NMVTRC
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...
Coronavirus is accelerating IT transformation, says DXC
20 April 2020
The COVID-19 outbreak will speed up the digital transformation of Australia’s general insurance industry, according to DXC Technology...
Casino group 'working through' BI claim process
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...
'Vastly underestimated': actuaries doubt official COVID-19 figures
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...
Insurers opt for independent customer support measures
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...
Real estate industry seeks 'clarity' on landlord cover
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...
It’s time to act on amplified exposures, says Swiss Re
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"...
Fire safety access issues spark warning
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...
Companies warned not to neglect idled facilities during virus shutdown
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...
ICNZ reiterates industry’s commitment
20 April 2020
New Zealand insurers remain focused on supporting customers facing financial hardships caused by the coronavirus outbreak, according to the Insurance Council of New Zealand...
Insurers reject idea to downgrade PI for surveyors
20 April 2020
Mandatory professional indemnity insurance "remains necessary" for surveyors and other building industry professionals, the Insurance Council of Australia says, rejecting a suggestion that it should be removed...
24 claims follow minor earthquake near Christchurch
20 April 2020
New Zealand’s Earthquake Commission has started processing a small number of claims from an April 9 earthquake on the southern outskirts of Canterbury, though none of the reported damage presents an immediate risk...
A better way? Broking leader criticises lack of consultation on SME support
06 April 2020
Insurer measures to support virus-affected SME clients by deferring premium payments are "well-intentioned" but not the best solution, AUB Group CEO and MD Mike Emmett says...
Insurers offer SME help as ACCC clears way
06 April 2020
Suncorp, QBE and Allianz have outlined assistance measures for small businesses, following action by IAG, after receiving regulatory approval that also clears the way for other insurers and brokers to provide similar support for customers during the coronavirus outbreak...