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AI tipped to reshape industry after 20 years ‘treading water’

Wed, 29 Jul 2026 06:21:08 GMT

AI could transform the economics of the global insurance industry, creating new opportunities for growth and finally upending long-established business models, according to McKinsey...

Worst for car crime and crashes: city claims another unenviable title

Wed, 29 Jul 2026 06:21:00 GMT

Melbourne contains nine of the nation’s 10 worst car crash hotspots, according to AAMI...

Insurer to pay for BMW damage after double defeat before AFCA

Wed, 29 Jul 2026 06:20:50 GMT

The industry ombudsman has ordered an insurer to pay more than $20,000 for damage caused to a BMW while it was being repaired, after it twice rejected claims for the vehicle...

INsight podcast: customer advocates find cracks in the code

Wed, 29 Jul 2026 06:20:42 GMT

Consumer groups’ reaction to the general insurance code redraft is among the topics discussed on this week’s Insurance News podcast...

Regulator backs Allianz Partners-Nib travel deal

Tue, 28 Jul 2026 06:22:23 GMT

Allianz Partners has been cleared by the competition watchdog to buy Nib Holdings’ travel insurance business in Australia and New Zealand...

Elders begins AR-led urban expansion

Tue, 28 Jul 2026 06:22:14 GMT

QBE-owned rural cover specialist Elders Insurance has launched the Urban Agents program to drive expansion into metropolitan areas via authorised representatives...

Strata owners in dark on brokers’ role

Tue, 28 Jul 2026 06:22:03 GMT

Brokers face a “value visibility” challenge among residential strata owners, CHU research has found...

Insurer told to help troubled terrier straighten up

Tue, 28 Jul 2026 06:21:50 GMT

A dog owner has won a dispute with her insurer after claiming about $9000 for surgery to straighten her pet’s legs...

Swiss Re names new local CEO

Mon, 27 Jul 2026 22:32:37 GMT

Swiss Re has appointed Ben Savill as CEO Australia and New Zealand, replacing Trent Thomson who has moved into a global role...

Software group arrives on ASX

Mon, 27 Jul 2026 05:31:02 GMT

Life insurance software provider Monvia has debuted on the Australian Securities Exchange after raising $17.5 million from investors in its initial public offering...

Kaibridge brings in CTO

Mon, 27 Jul 2026 05:27:49 GMT

Roneel Kumar has been appointed fractional chief technology officer at insurtech Kaibridge...

ClearView shareholders back Zurich deal

Mon, 27 Jul 2026 05:12:09 GMT

About 93% of ClearView Wealth shareholders have voted in favour of Zurich’s $415 million buyout offer...

Canberra consults over add-on cover rule exemptions

Mon, 27 Jul 2026 05:08:46 GMT

Federal Treasury is seeking feedback on draft regulations to keep some “high consumer value” add-on insurance products exempt from the deferred sales model’s four-day pause rule...

Profit-rich property line drawing capacity, Marsh says

Mon, 27 Jul 2026 04:57:52 GMT

Australia’s commercial property market has a “supply and demand capacity imbalance” as pricing continues to tumble, according to Marsh...

ICA vows ‘thorough code review’ as consumers demand more protection

Mon, 27 Jul 2026 04:57:45 GMT

Work on an updated industry code has moved to the next phase, the Insurance Council of Australia says, as consumer groups continue to voice concerns over the proposed redraft...

More ransomware victims refuse payment demands

Mon, 27 Jul 2026 04:57:28 GMT

Most Australian organisations hit by ransomware attacks have refused to meet extortion payment demands, according to a Howden report...

Unit owner loses case against body corporate over leak repairs

Mon, 27 Jul 2026 04:56:58 GMT

A commercial unit owner that sued its body corporate over water damage has failed to prove its case, Queensland’s Body Corporate and Community Management agency has ruled...

Insurers well set in face of triple threat on cat losses

Mon, 27 Jul 2026 04:56:34 GMT

Most of the Asia-Pacific region’s largest insurers have enough capital to withstand a one in 250-year natural catastrophe, according to S&P Global Ratings...

Ombudsman cautions industry on advice failings

Mon, 27 Jul 2026 04:56:20 GMT

The number of insurance disputes handled by New Zealand’s financial services ombudsman remained steady this year while other industries surged...

Farming remains most deadly sector

Mon, 27 Jul 2026 04:55:35 GMT

Agricultural specialist WFI Insurance has warned of a rising injury toll on farms, saying livestock-related claims have risen 40% to the highest number this decade...