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 Small business battles spur calls for government action https://www.insurancenews.com.au/analysis/small-business-battles-spur-calls-for-government-action https://www.insurancenews.com.au/analysis/small-business-battles-spur-calls-for-government-action The Australian Small Business and Family Enterprise Ombudsman has warned insurance market failure is causing a national crisis that needs to be addressed, and has taken calls for government action to a new level...

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Mon, 14 Dec 2020 11:09:00 +1100
Tougher times put the ball in insureds’ court https://www.insurancenews.com.au/analysis/tougher-times-put-the-ball-in-insureds-court https://www.insurancenews.com.au/analysis/tougher-times-put-the-ball-in-insureds-court With premiums rising and terms and conditions tightening, pressure is increasing on businesses to reduce their potential risks and put themselves at the head of the queue in securing cover...

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Mon, 07 Dec 2020 12:50:00 +1100
Broking and client service post-COVID: a guide https://www.insurancenews.com.au/analysis/broking-and-client-service-post-covid-a-guide https://www.insurancenews.com.au/analysis/broking-and-client-service-post-covid-a-guide The time has arrived for brokers to move from “price to advice” in a greatly changed insurance market...

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Mon, 30 Nov 2020 13:16:00 +1100
End of the beginning: BI case has a long way to go https://www.insurancenews.com.au/analysis/end-of-the-beginning-bi-case-has-a-long-way-to-go https://www.insurancenews.com.au/analysis/end-of-the-beginning-bi-case-has-a-long-way-to-go Last week’s NSW Court of Appeal judgment in a test case over business interruption cover for COVID-19 comes as a first-round loss for insurers in a fight that has a long way to run, and which is opening up on multiple fronts...

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Mon, 23 Nov 2020 13:05:00 +1100
Still not quite out of the woods: study flags dangers ahead https://www.insurancenews.com.au/analysis/still-not-quite-out-of-the-woods-study-flags-dangers-ahead https://www.insurancenews.com.au/analysis/still-not-quite-out-of-the-woods-study-flags-dangers-ahead Swiss Re has struck a cautiously upbeat tone in its latest Sigma study, revising its previously downbeat outlook for the insurance industry on expectations that the worst of the economic devastation of the pandemic is over…

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Mon, 16 Nov 2020 11:53:00 +1100
Insurers ‘entitled’ to discount new business, but for how long? https://www.insurancenews.com.au/analysis/insurers-entitled-to-discount-new-business-but-for-how-long https://www.insurancenews.com.au/analysis/insurers-entitled-to-discount-new-business-but-for-how-long A consumer recently complained to the Australian Financial Complaints Authority that his premium had soared by 47%, and he could get a cheaper quote as a new customer from the same insurer...

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Mon, 09 Nov 2020 12:50:00 +1100
‘Luck runs out’ as insurers’ profitability plummets https://www.insurancenews.com.au/analysis/luck-runs-out-as-insurers-profitability-plummets https://www.insurancenews.com.au/analysis/luck-runs-out-as-insurers-profitability-plummets 2020 has been an “annus horribilis” for many nations, and as a new report shows, Australian insurers have not been immune from its impacts...

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Mon, 02 Nov 2020 13:17:00 +1100
Hard to handle: how spiralling premiums are stressing business https://www.insurancenews.com.au/analysis/hard-to-handle-how-spiralling-premiums-are-stressing-business https://www.insurancenews.com.au/analysis/hard-to-handle-how-spiralling-premiums-are-stressing-business “The insurance market is now to the stage where you will have no choice but to be uninsured. There is simply no market to get a quote in some circumstances.”...

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Mon, 26 Oct 2020 13:25:00 +1100
Here to help: study reveals the scale of broker value https://www.insurancenews.com.au/analysis/here-to-help-study-reveals-the-scale-of-broker-value https://www.insurancenews.com.au/analysis/here-to-help-study-reveals-the-scale-of-broker-value With a review of broker commissions looming, the National Insurance Brokers Association wanted hard evidence of the service that intermediaries provide...

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Mon, 19 Oct 2020 13:29:00 +1100
Senate inquiry delivers a mixed message for insurers https://www.insurancenews.com.au/analysis/senate-inquiry-delivers-a-mixed-message-for-insurers https://www.insurancenews.com.au/analysis/senate-inquiry-delivers-a-mixed-message-for-insurers A politically divided Senate inquiry into the last bushfire season has delivered an interim report which notes the importance of disaster mitigation while delivering a few backhanders to the insurance industry along the way...

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Mon, 12 Oct 2020 14:11:00 +1100