insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2021 Insurtech trends: using data to create dynamic insurance https://www.insurancenews.com.au/analysis/insurtech-trends-using-data-to-create-dynamic-insurance https://www.insurancenews.com.au/analysis/insurtech-trends-using-data-to-create-dynamic-insurance Like the prolonged soft insurance market cycle, the macro-economic cycle was an extended one and it took the largest recession since the Great Depression, triggered by a global pandemic, to bring the economy down...

]]>
Mon, 19 Apr 2021 12:17:00 +1000
Fighting on many fronts: BI test case battles widen https://www.insurancenews.com.au/analysis/fighting-on-many-fronts-bi-test-case-battles-widen https://www.insurancenews.com.au/analysis/fighting-on-many-fronts-bi-test-case-battles-widen An increasing number of business interruption legal issues are before the courts as insurers and policyholders continue to wrangle over exclusion wordings and whether cover has been provided for the COVID-19 pandemic...

]]>
Mon, 12 Apr 2021 14:25:00 +1000
Suez Canal crisis: mega ships equal mega claims https://www.insurancenews.com.au/analysis/suez-canal-crisis-mega-ships-equal-mega-claims https://www.insurancenews.com.au/analysis/suez-canal-crisis-mega-ships-equal-mega-claims The logjam in the Suez Canal is threatening to escalate into a complex and large-scale claims event for the insurance industry globally, as fears over the extreme risk posed by a new generation of mega ships are realised...

]]>
Mon, 29 Mar 2021 13:59:00 +1100
Decade of learning: four key themes from SME Index https://www.insurancenews.com.au/analysis/decade-of-learning-four-key-themes-from-sme-index https://www.insurancenews.com.au/analysis/decade-of-learning-four-key-themes-from-sme-index Vero’s annual SME Insurance Index, which delves into the minds of 1500 SME owners and their insurance-buying habits, has just published its 10th edition...

]]>
Mon, 22 Mar 2021 12:01:00 +1100
Reinsurance pool: is Government preparing to dive in? https://www.insurancenews.com.au/analysis/reinsurance-pool-is-government-preparing-to-dive-in https://www.insurancenews.com.au/analysis/reinsurance-pool-is-government-preparing-to-dive-in Rumours are swirling that there might be a significant announcement on insurance in northern Australia in the upcoming Federal Budget, and some are predicting it’ll involve a reinsurance pool...

]]>
Mon, 15 Mar 2021 12:40:00 +1100
‘This is not over’: leaders urge industry to prioritise gender equity https://www.insurancenews.com.au/analysis/this-is-not-over-leaders-urge-industry-to-prioritise-gender-equity https://www.insurancenews.com.au/analysis/this-is-not-over-leaders-urge-industry-to-prioritise-gender-equity Naming its incoming Australia and Pacific CEO Sue Houghton recently, QBE described the insurance trailblazer as “known for her sound judgment, resilience and adaptability, as well as for cultivating talent, fostering diverse and inclusive teams and driving performance”...

]]>
Mon, 08 Mar 2021 14:09:00 +1100
Results in focus: earnings season spotlights premium gains, BI uncertainty https://www.insurancenews.com.au/analysis/results-in-focus-earnings-season-spotlights-premium-gains-bi-uncertainty https://www.insurancenews.com.au/analysis/results-in-focus-earnings-season-spotlights-premium-gains-bi-uncertainty Rising premiums are set to remain a positive for insurance companies for some time yet while business interruption claims uncertainty is still a cloud over the industry as legal battles continue and COVID-19 concerns persist, the latest earnings reporting season shows...

]]>
Mon, 01 Mar 2021 12:22:00 +1100
Year of change: injection of regulatory reform begins https://www.insurancenews.com.au/analysis/year-of-change-injection-of-regulatory-reform-begins https://www.insurancenews.com.au/analysis/year-of-change-injection-of-regulatory-reform-begins Prime Minister Scott Morrison described the national rollout of the COVID-19 vaccination program as “the beginning of a big game changer”. Also game-changing for the insurance industry could be the injection of Hayne-inspired regulatory reform slated for this year...

]]>
Mon, 22 Feb 2021 12:57:00 +1100
Which comes first: underwriting or reinsurance? https://www.insurancenews.com.au/analysis/which-comes-first-underwriting-or-reinsurance https://www.insurancenews.com.au/analysis/which-comes-first-underwriting-or-reinsurance I hope that after a year like 2020, the summer break offered time for you to pause and reflect...

]]>
Mon, 15 Feb 2021 11:35:00 +1100
Is there a better (and fairer) way to prepare for fire? https://www.insurancenews.com.au/analysis/is-there-a-better-and-fairer-way-to-prepare-for-fire https://www.insurancenews.com.au/analysis/is-there-a-better-and-fairer-way-to-prepare-for-fire As bushfires once again cause destruction and threaten Australian lives, with more than 85 homes lost to an out-of-control blaze north of Perth last week, one expert is proposing that a Medicare-like system subsidise the cost of fire prevention measures via the public purse...

]]>
Mon, 08 Feb 2021 10:47:00 +1100