Too many travellers in dark on coverage
26 November 2018
Australian tourists in southeast Asia take too many risks and don’t have a full understanding of travel insurance, the Insurance Council of Australia (ICA) has warned…
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Industry maintains profitability trend: KPMG
19 November 2018
Insurance profits grew 4% to $5 billion last financial year, building on the previous year’s 25% jump, and further improvement is expected amid a long-awaited upswing, KPMG says…
Brokers ‘could do better’ on dispute responses
19 November 2018
Brokers can do more to improve the way complaints are handled, the industry’s Code Compliance Committee says…
Energy pricing keeps businesses on edge
19 November 2018
Australian companies have ranked energy price shocks ahead of cyber attacks as their main threat for the second consecutive year in a World Economic Forum survey…
Climate Index ‘won’t cause premium spike’
19 November 2018
The Actuaries Institute’s new Climate Index won’t cause insurance premiums to rocket up, Finity Principal Tim Andrews says…
Strawberry crisis shakes up product recall market
19 November 2018
Demand for product recall cover has spiked since the needles-in-strawberries crisis in September, broker Gallagher says…
Gap closes, but industry still lags on gender parity
19 November 2018
Women in the financial and insurance services sector suffer the biggest pay inequality in Australia…
ICNZ chief replaces Whelan on global federation board
19 November 2018
Insurance Council of New Zealand CEO Tim Grafton has been appointed Membership Executive of the Global Federation of Insurance Associations…
Commercial rates will keep rising, says Swiss Re
12 November 2018
Australian commercial insurance premiums are forecast to rise 6% next year after increasing 7.4% in the current 12 months as a rate-hardening trend continues and the economy expands, Swiss Re Institute says…
ICA defends travel insurers’ pregnancy exclusions
12 November 2018
The Insurance Council of Australia has challenged a comparison website’s travel insurance survey that finds one in four policies do not cover pregnancy…
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…
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…