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 2020 Risk management is no place to cut corners during a pandemic https://www.insurancenews.com.au/analysis/risk-management-is-no-place-to-cut-corners-during-a-pandemic https://www.insurancenews.com.au/analysis/risk-management-is-no-place-to-cut-corners-during-a-pandemic The COVID-19 pandemic and its economic repercussions have been tough on almost everyone...

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Mon, 28 Sep 2020 13:01:00 +1000
UK case set to boost pandemic BI payments https://www.insurancenews.com.au/analysis/uk-case-set-to-boost-pandemic-bi-payments https://www.insurancenews.com.au/analysis/uk-case-set-to-boost-pandemic-bi-payments Amid the assessments following the complex UK High Court test case judgment last week on business interruption there have been a few clear messages...

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Mon, 21 Sep 2020 12:11:00 +1000
Quiet Monte Carlo reflects a sombre reinsurance season https://www.insurancenews.com.au/analysis/quiet-monte-carlo-reflects-a-sombre-reinsurance-season https://www.insurancenews.com.au/analysis/quiet-monte-carlo-reflects-a-sombre-reinsurance-season Hopes for a festive mood at the annual Monte Carlo Rendez-Vous de Septembre have been doubly dashed this year, with the event cancelled due to the coronavirus pandemic and reinsurers facing tough times despite long-awaited rising rates...

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Mon, 14 Sep 2020 12:37:00 +1000
What next for QBE after a devastating week? https://www.insurancenews.com.au/analysis/what-next-for-qbe-after-a-devastating-week https://www.insurancenews.com.au/analysis/what-next-for-qbe-after-a-devastating-week QBE’s announcement last week that Group CEO Pat Regan will depart over “poor judgment” involving a female employee marks a rapid and remarkable unravelling of a previously successful partnership...

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Mon, 07 Sep 2020 12:57:00 +1000
Fighting fraud through blockchain https://www.insurancenews.com.au/analysis/fighting-fraud-through-blockchain https://www.insurancenews.com.au/analysis/fighting-fraud-through-blockchain Blockchain has been spotlighted as one of the most important technological trends in Australia, but the insurance industry has somehow been slower to embrace blockchain than other industries, such as finance...

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Mon, 31 Aug 2020 12:50:00 +1000
Virus injection – tech talk accelerates in the midst of upheaval https://www.insurancenews.com.au/analysis/virus-injection-tech-talk-accelerates-in-the-midst-of-upheaval https://www.insurancenews.com.au/analysis/virus-injection-tech-talk-accelerates-in-the-midst-of-upheaval An internet meme that has done the rounds depicts a survey asking “who led the digital transformation of your company?” Of possible choices between the CEO, CTO and COVID-19, it is the virus that’s heavily circled by a thick red line...

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Mon, 24 Aug 2020 12:47:00 +1000
Bad news: pandemic infects the industry’s reputation https://www.insurancenews.com.au/analysis/bad-news-pandemic-infects-the-industrys-reputation https://www.insurancenews.com.au/analysis/bad-news-pandemic-infects-the-industrys-reputation We’ve all seen the headlines. Across the world from the US to the UK, mainstream media news titles have been all too eager to attack the insurance industry’s perceived failings as coronavirus and associated shutdowns took a heavy toll...

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Mon, 17 Aug 2020 12:51:00 +1000
IAG’s next big challenge: succession https://www.insurancenews.com.au/analysis/iags-next-big-challenge-succession https://www.insurancenews.com.au/analysis/iags-next-big-challenge-succession With the results for IAG’s financial year behind them, the group’s directors now have another major matter to settle – who will lead the group into what MD Peter Harmer has described as “an increasingly complex and dynamic environment”...

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Mon, 10 Aug 2020 12:30:00 +1000
Looking beyond lab-focused 'pet' projects https://www.insurancenews.com.au/analysis/looking-beyond-lab-focused-pet-projects https://www.insurancenews.com.au/analysis/looking-beyond-lab-focused-pet-projects Insurers have moved beyond putting a toe in the water when it comes to insurtech partnerships, but are yet to take the full plunge when it comes to widescale adoption of innovation, the third annual Australian Insurtech Ecosystem Report suggests...

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Mon, 03 Aug 2020 14:23:00 +1000
Scrutiny heightens as icare battles criticism https://www.insurancenews.com.au/analysis/scrutiny-heightens-as-icare-battles-criticism https://www.insurancenews.com.au/analysis/scrutiny-heightens-as-icare-battles-criticism It’s been a tough first five years for NSW insurer icare, and scrutiny is continuing to rise as it battles to convince regulators, employers and others involved in workers’ compensation that it is on the right path...

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Mon, 27 Jul 2020 14:37:00 +1000