Underwriting agencies remain highly optimistic
12 November 2018
About 89% of Australia’s growing army of underwriting agencies see growth potential in their markets, up one point from last year, according to an annual survey…
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D&O premiums a sign of the times: Gallagher
12 November 2018
Directors’ and officers’ premiums continue to escalate, mainly driven by a spike in class actions, according to Gallagher’s latest quarterly market report…
Calculated attack: industry responds to Choice claim
12 November 2018
Insurers have defended online home and contents value calculators after a Choice study produced varying replacement cost estimates…
Actuaries’ climate index reveals extreme change
12 November 2018
The frequency of extreme weather conditions in autumn this year exceeded historical trends, with risks linked to higher temperatures and sea levels increasing…
Cyclone damage: a major problem with a simple solution
12 November 2018
Wind-driven rain entering homes around windows and doors is a major source of cyclone damage, even when building exteriors are mostly unharmed, new insurance research shows…
Geoscience updates tsunami hazard model
12 November 2018
Insurers will have a better understanding of the frequency of tsunami-causing earthquakes thanks to Geoscience Australia’s updated tsunami hazard model…
Insurers slammed on ‘disturbing’ mental health exclusions
05 November 2018
“Discriminatory” exclusions in life and travel insurance have once again drawn fire from mental health groups…
Fintechs ‘hit wall’ in industry engagement
05 November 2018
Fintechs still struggle to reach out to insurers and the wider financial services sector, according to the third annual EY FinTech Australia Census…
Insurtechs enjoy fruitful Europe trip
05 November 2018
A group of 10 insurtechs selected for last month’s trip to London and Munich gained valuable insights and networking opportunities, according to Insurtech Australia…
Remuneration U-turn ‘would hit brokers’
05 November 2018
Removing the general insurance exemption to conflicted remuneration laws could “significantly affect” the take-up of broker services and leave the community exposed, a leading insurance lawyer has warned…
Hayne to force change on loss adjusters: AICLA
05 November 2018
The new Australasian Institute of Chartered Loss Adjusters President predicts more loss adjusters will expand beyond traditional services in response to the Hayne royal commission…
Customers stay loyal despite pricing concern
05 November 2018
The vast majority of general insurance customers do not bother checking alternatives at renewal time, according to Roy Morgan research…
RMS warns of left-field disasters
05 November 2018
Modeller RMS says the Asia-Pacific region is highly vulnerable to one-in-100-year catastrophes that may be overlooked in disaster planning…
Queenslanders still relaxed about cyclone risk
05 November 2018
Despite the fact that they live in a zone frequented by cyclones, about 87% of north Queensland homes still don't have cyclone shutters – one of the most basic forms of protection…
NZ expands 3D mapping program
05 November 2018
The New Zealand Government will fund an expansion of lidar topographical mapping in rural areas…
Asian cat losses may hit reinsurance market
05 November 2018
Asia-Pacific reinsurance buyers may see knock-on effects from the spate of natural disasters that have hit the region in the past few months, Guy Carpenter says…
NIBA defends conflicted remuneration exemption
29 October 2018
General insurance should remain exempt from the ban on conflicted remuneration, the National Insurance Brokers Association has told the Hayne royal commission…
‘Toxic practices’: consumer advocates demand change
29 October 2018
Consumer groups have delivered a damning indictment of the general insurance industry and the regulation regime in submissions to the Hayne royal commission…
ICA holds Queensland forums as Debbie disputes linger
29 October 2018
The Insurance Council of Australia will hold a series of forums for north Queensland communities next month as the industry continues to face scrutiny over its handling of claims from Cyclone Debbie last year…
No quick fix for industry’s ‘tarnished’ reputation
29 October 2018
Damage to the general insurance industry’s reputation inflicted by the Hayne royal commission will not be undone overnight, according to S&P Global Ratings…