WA injury insurer praises claims automation
19 June 2017
The Insurance Commission of WA says it has become more efficient since automating its claims process using optical character recognition technology two years ago…
Regulatory & Government
State insurance commission collars fraudster
19 June 2017
A motorist caught submitting false information in his claims form to the Insurance Commission of WA has been fined $1500 and ordered to pay $742 in legal costs…
ASIC’s Hong Kong deal opens door for fintechs
19 June 2017
Fintechs will find it easier to access Hong Kong’s lucrative financial services market thanks to an Australian Securities and Investments Commission deal with the Chinese territory’s Securities and Futures Commission…
ARPC names new chairman
19 June 2017
The Federal Government has appointed Ian Carson as part-time Chairman of the Australian Reinsurance Pool Corporation, and Karen Payne as part-time board member…
Brokers become distributors in Victorian builders’ warranty changes
13 June 2017
Brokerages providing distribution services for Victoria’s builders’ warranty insurance have hailed the overhaul of the state-administered system, saying it will simplify the process and cut costs…
‘Last resort’ compo scheme back on the agenda
13 June 2017
Treasury has issued a discussion paper putting a “last resort” compensation scheme back on the agenda…
ASIC revokes Sydney intermediary’s licence
13 June 2017
The Australian Securities and Investments Commission has cancelled Group Underwriters and Managers’ financial services licence, which was suspended last November…
Lawmakers seek feedback on automated vehicles
13 June 2017
The National Transport Commission wants feedback on four regulatory options for the safety assurance of automated vehicles, which are expected to be on Australian roads in about three years…
Tassie flood report highlights need for mitigation: ICA
13 June 2017
A review of flooding that devastated parts of Tasmania last year has put a “much-needed” focus on mapping and mitigation, the Insurance Council of Australia says…
Former IAG exec joins ACC board
13 June 2017
New Zealand’s Accident Compensation Corporation has appointed former IAG executive Leona Murphy to its board…
Insurers face pricing scrutiny as NSW delays ESL axe
05 June 2017
Insurers have been told they are under close scrutiny from the NSW Emergency Services Levy Insurance Monitor as the industry grapples with the State Government’s backflip on next month switching to a property-based levy to fund emergency services…
Get flood maps in order, Tasmania told
05 June 2017
Tasmania should consider improved flood mapping to help prevent future catastrophes, according to an independent review held after storms devastated parts of the state last winter…
Queensland supports spinal injury research
05 June 2017
Queensland’s Motor Accident Insurance Commission has pledged $5 million over the next three years for research into a new treatment for spinal cord injuries…
State insurer invests in patient safety program
05 June 2017
The Victorian Managed Insurance Authority has partnered with BehaviourWorks Australia on a $1.5 million initiative to improve patient safety in public healthcare…
WA holds bushfire mitigation summit
05 June 2017
A bushfire mitigation summit will be held in WA this month to discuss better strategies for managing the hazard…
Actuaries can help insurers get with the times, APRA says
29 May 2017
Insurers must unburden themselves of the old structures and systems preventing them from meeting younger consumers’ needs, Australian Prudential Regulatory Authority Executive Member Geoff Summerhayes says…
NZ raises EQC premium after funds depleted
29 May 2017
New Zealand is raising the Earthquake Commission premium rate by a third to replenish disaster funds drained by Canterbury and Kaikoura catastrophe claims…
State toughens laws on unsafe building products
29 May 2017
Queensland is cracking down on substandard building product imports after a series of high-profile material failures prompted calls for national action…
Plant takes on expanded icare role
29 May 2017
Former QBE executive Tim Plant will take on an expanded role at Insurance & Care NSW following Steve Hunt’s decision to retire after 12 years leading the self-insurance business…
Insurance guidelines set for automated vehicle trials
29 May 2017
Holding appropriate insurance is among the prerequisites for securing permits or exemptions to conduct automated vehicle trials, according to guidelines introduced by the National Transport Commission and Austroads…