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Thinking robots ‘require human handlers’

Mon, 03 Nov 2025 04:19:54 GMT

Agentic AI that can “think” and act independently is already changing customer service in insurance by enabling real-time decision-making alongside human agents, analytics group GlobalData says...

Steadfast faces headwinds amid premium rethink, CEO ‘distraction’

Mon, 03 Nov 2025 04:10:16 GMT

Steadfast Group has flagged actions to address “changing market conditions” after lowering its premium rate outlook for this financial year...

IAG warns of weather threats as warming blows through targets

Mon, 03 Nov 2025 03:59:43 GMT

IAG warns it is “increasingly probable” global warming will exceed 2 degrees above pre-industrial levels, bringing more extreme natural hazards to Australia...

Queensland claims rise as ‘humungous’ hail hits

Mon, 03 Nov 2025 03:39:54 GMT

Recent severe weather in Queensland has prompted 21,850 claims, the Insurance Council of Australia says...

Mental illness strains safety net: actuaries

Mon, 03 Nov 2025 02:47:08 GMT

The Actuaries Institute has called for immediate action to reduce the burden of mental illness on the financial safety net that includes private life insurance and state-based workers’ compensation...

Nippon closes Resolution purchase

Mon, 03 Nov 2025 02:47:02 GMT

Nippon Life has completed its $US8.2 billion ($12.5 billion) purchase of Bermuda-based Resolution Life, including its operations in Australia and New Zealand...

St Andrew’s seals deal on industry admin provider

Mon, 03 Nov 2025 02:45:25 GMT

St Andrews’s Insurance Group has completed its acquisition of insurance administration services provider Aegon Insights Australia...

‘The holy grail’: market watchers weigh $5.2 billion AUB takeover bid

Mon, 03 Nov 2025 02:30:18 GMT

A Swedish private equity firm’s $5.25 billion bid for listed intermediary group AUB may be no more than a starting point in the sale process, and more buyers could join the hunt, analysts say...

AIG picks up renewal rights as Everest exits retail lines

Mon, 03 Nov 2025 02:30:11 GMT

Everest Group will not renew retail insurance policies as they expire over the coming year and has sold the renewal rights to AIG...

Helia finds no breaches after staff share trades probed

Mon, 03 Nov 2025 02:29:58 GMT

Helia Group has found employee share trading before disclosure of the end of a lucrative contract with Commonwealth Bank did not breach the law or company policy...

AMA maintains earnings outlook

Mon, 03 Nov 2025 02:29:36 GMT

Crash repairer AMA Group has retained its full-year earnings guidance despite lower work volumes in the first quarter...

MGA founder proposes strata commissions limit

Mon, 03 Nov 2025 02:29:10 GMT

MGA executive chairman and founder John George says sharing of insurance commissions between strata managers and brokers does not need banning, but a percentage limit should be enforced to prevent “gouging”...

PSC makes NZ broker purchase

Mon, 03 Nov 2025 02:29:09 GMT

PSC Insurance Brokers NZ has acquired Tauranga-based Broking Advisors...

Court sends message on crane safety after leg crushed

Mon, 03 Nov 2025 02:22:48 GMT

A business breached its duty of care to a truck driver by failing a provide a safe system of work, the NSW Supreme Court has found...

Insurer has right to earnings info despite privacy concern

Mon, 03 Nov 2025 02:22:09 GMT

A claimant has been told to co-operate with an insurer seeking earnings information, to show his bid for crash injury benefits is valid...

Property value tool reveals $5 billion insurance gap

Mon, 03 Nov 2025 02:21:48 GMT

A property valuation group says it has found underinsurance totalling more than $5 billion since launching a building cover assessment tool a year ago...

MGA buys Melbourne brokerage

Mon, 03 Nov 2025 02:20:02 GMT

Capital Mutual Insurance Brokers’ operations will be integrated into the MGA Insurance Group network under an acquisition that takes effect on November 17...

Sterling secures PI binder, adds state underwriters

Mon, 03 Nov 2025 02:19:28 GMT

Sterling Insurance has a new professional indemnity binding authority with Lloyd’s that it says will unlock greater control over product and price for Australian brokers...

Gallagher Bassett eyes more Australian growth

Mon, 03 Nov 2025 02:19:14 GMT

Global claims manager Gallagher Bassett says it is focused on growing its Australian business, which has performed strongly in the past several years...

Aon on target as Q3 revenue climbs

Mon, 03 Nov 2025 02:17:02 GMT

Aon is confident of meeting its full-year targets after revenue jumped 7% in the third quarter to $US4 billion ($6.12 billion)...