insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auCyclone pool secures 37% premium savingshttps://www.insurancenews.com.au/daily/cyclone-pool-secures-37-premium-savingshttps://www.insurancenews.com.au/daily/cyclone-pool-secures-37-premium-savings<p>The cyclone reinsurance pool has resulted in home premiums falling 37% on average in the highest-risk regions, analysis shows...</p>Tue, 19 May 2026 06:15:38 GMTZurich reshuffles as APAC distribution head namedhttps://www.insurancenews.com.au/daily/zurich-reshuffles-as-apac-distribution-head-namedhttps://www.insurancenews.com.au/daily/zurich-reshuffles-as-apac-distribution-head-named<p>Zurich has promoted Giles Crowley to the newly created position of head of customer and distribution management for Asia-Pacific, responsible for working with country teams to enhance underwriting capability and local market strategies...</p>Tue, 19 May 2026 06:15:29 GMTInsurance News launches tech innovation conferencehttps://www.insurancenews.com.au/daily/insurance-news-launches-tech-innovation-conferencehttps://www.insurancenews.com.au/daily/insurance-news-launches-tech-innovation-conference<p>Tickets are on sale now for Beyond the Buzzwords, a full-day event that breaks down how digital tools are transforming the industry...</p>Tue, 19 May 2026 06:15:13 GMTData shows fast action key to worker recovery: Sedgwickhttps://www.insurancenews.com.au/daily/data-shows-fast-action-key-to-worker-recovery-sedgwickhttps://www.insurancenews.com.au/daily/data-shows-fast-action-key-to-worker-recovery-sedgwick<p>Early support for injured workers leads to better return to work results, Sedgwick says in a report today...</p>Tue, 19 May 2026 06:14:59 GMT‘Unachievable scale’: Tasmania drops state insurer planhttps://www.insurancenews.com.au/regulatory-government/unachievable-scale-tasmania-drops-state-insurer-planhttps://www.insurancenews.com.au/regulatory-government/unachievable-scale-tasmania-drops-state-insurer-plan<p>The Tasmanian government has scrapped an election promise to set up a state-backed insurer after an independent expert branded it &ldquo;an aspiration with high risk, high cost and low chance of delivering&rdquo;...</p>Mon, 18 May 2026 04:59:13 GMTASIC home cover comparator visited less than 25 times a dayhttps://www.insurancenews.com.au/regulatory-government/asic-home-cover-comparator-visited-less-than-25-times-a-dayhttps://www.insurancenews.com.au/regulatory-government/asic-home-cover-comparator-visited-less-than-25-times-a-day<p>The Australian Securities and Investments Commission&rsquo;s north Queensland home and contents comparison website is being viewed fewer than 25 times a day on average, according to statistics released to insuranceNEWS.com.au...</p>Mon, 18 May 2026 04:58:59 GMTGulf conflict to prolong inflationary pressure: Hawkinshttps://www.insurancenews.com.au/corporate/gulf-conflict-to-prolong-inflationary-pressure-hawkinshttps://www.insurancenews.com.au/corporate/gulf-conflict-to-prolong-inflationary-pressure-hawkins<p>IAG CEO Nick Hawkins says the Middle East conflict has added to inflationary pressure, especially in property lines...</p>Mon, 18 May 2026 04:58:47 GMTSports agency joins Miramarhttps://www.insurancenews.com.au/corporate/sports-underwriter-joins-miramarhttps://www.insurancenews.com.au/corporate/sports-underwriter-joins-miramar<p>Miramar says Sports Underwriting Australia has joined the group as part of its specialty lines unit led by GM Jason Thoroughgood...</p>Mon, 18 May 2026 04:57:52 GMTSwiss Re hunts for new country chiefhttps://www.insurancenews.com.au/corporate/swiss-re-hunts-for-new-country-chiefhttps://www.insurancenews.com.au/corporate/swiss-re-hunts-for-new-country-chief<p>Swiss Re is searching for a new Australian and New Zealand CEO after Trent Thomson was promoted to a global role...</p>Mon, 18 May 2026 04:57:46 GMTUnderwriting agency Angel spreads its wingshttps://www.insurancenews.com.au/corporate/underwriting-agency-angel-spreads-it-wingshttps://www.insurancenews.com.au/corporate/underwriting-agency-angel-spreads-it-wings<p>New agency Angel Underwriting says it is focused on speed, technology and broker service...</p>Mon, 18 May 2026 04:56:58 GMTBushfire fund to help house underinsured victimshttps://www.insurancenews.com.au/regulatory-government/bushfire-fund-to-help-house-underinsured-victimshttps://www.insurancenews.com.au/regulatory-government/bushfire-fund-to-help-house-underinsured-victims<p>A joint federal and Victorian government package will provide an extra $37 million to support people affected by bushfires in January...</p>Mon, 18 May 2026 04:48:36 GMTEastern states move to ‘take down crime gangs’https://www.insurancenews.com.au/regulatory-government/eastern-states-move-to-take-down-crime-gangshttps://www.insurancenews.com.au/regulatory-government/eastern-states-move-to-take-down-crime-gangs<p>NSW is introducing new offences and penalties for public shootings, firebombings, vehicle arson and recruitment of teenagers by organised criminals...</p>Mon, 18 May 2026 04:48:12 GMTQueensland expands flood mitigation grantshttps://www.insurancenews.com.au/regulatory-government/queensland-expands-flood-mitigation-grantshttps://www.insurancenews.com.au/regulatory-government/queensland-expands-flood-mitigation-grants<p>More Queensland homeowners will have access to funds to protect their properties against flooding under a new arrangement between the state and federal governments...</p>Mon, 18 May 2026 04:48:00 GMTANZIIF chief highlights federal budget ‘limitations’https://www.insurancenews.com.au/local/anziif-chief-flags-federal-budget-limitationshttps://www.insurancenews.com.au/local/anziif-chief-flags-federal-budget-limitations<p>Australian and New Zealand Institute of Insurance and Finance CEO Katrina Shanks says there were &ldquo;some tangible wins&rdquo; in the federal budget &ndash; but its &ldquo;limitations are just as important&rdquo;...</p>Mon, 18 May 2026 04:44:21 GMTLibs flag ‘new tax’ fears over state ESL removalhttps://www.insurancenews.com.au/local/libs-flag-new-tax-fears-over-state-esl-removalhttps://www.insurancenews.com.au/local/libs-flag-new-tax-fears-over-state-esl-removal<p>NSW shadow treasurer Scott Farlow says the opposition is &ldquo;very concerned&rdquo; about the planned removal of the state&rsquo;s emergency services levy...</p>Mon, 18 May 2026 04:43:04 GMTYachting ‘danger’ decision turns the tide on liabilityhttps://www.insurancenews.com.au/local/yachting-danger-decision-turns-the-tide-on-liabilityhttps://www.insurancenews.com.au/local/yachting-danger-decision-turns-the-tide-on-liability<p>Yacht racing may seem high-risk but injuries are so rare the sport does not qualify as a &ldquo;dangerous recreational activity&rdquo;, a court has found &ndash; in a decision lawyers say &ldquo;reshapes the landscape of liability&rdquo; around similar pursuits...</p>Mon, 18 May 2026 04:42:44 GMTInsurers to visit fire-hit Victorianshttps://www.insurancenews.com.au/local/insurers-to-visit-fire-hit-victorianshttps://www.insurancenews.com.au/local/insurers-to-visit-fire-hit-victorians<p>The Insurance Council of Australia will hold consultation sessions for Victorians affected by bushfires earlier this year...</p>Mon, 18 May 2026 04:42:33 GMTLandslides top claims to NZ hazards commissionhttps://www.insurancenews.com.au/local/landslides-top-claims-to-nz-hazards-commissionhttps://www.insurancenews.com.au/local/landslides-top-claims-to-nz-hazards-commission<p>Recent storms in New Zealand have led to an increase in claims for landslide damage, which has become the leading cause of Natural Hazards Commission cases...</p>Mon, 18 May 2026 04:42:23 GMTLloyd’s warns rates easing fast after ‘brutal’ Q1https://www.insurancenews.com.au/international/lloyd-s-warns-rates-easing-fast-after-brutal-q1https://www.insurancenews.com.au/international/lloyd-s-warns-rates-easing-fast-after-brutal-q1<p>Lloyd&rsquo;s chief of performance and strategy Rachel Turk has called for discipline and a focus on premium adequacy as rate drops accelerate...</p>Mon, 18 May 2026 04:41:49 GMTAllianz reports record first-quarter P&C profithttps://www.insurancenews.com.au/international/allianz-reports-record-first-quarter-p-and-c-profithttps://www.insurancenews.com.au/international/allianz-reports-record-first-quarter-p-and-c-profit<p>Allianz delivered a 6.6% increase in profit to &euro;4.5 billion ($7.27 billion) in the first quarter, driven by strong results in property and casualty and its asset management division...</p>Mon, 18 May 2026 04:41:41 GMT