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 2019 State of the industry: Enthoven outlines the key challenges https://www.insurancenews.com.au/analysis/state-of-the-industry-enthoven-outlines-the-key-challenges https://www.insurancenews.com.au/analysis/state-of-the-industry-enthoven-outlines-the-key-challenges Insurance Council of Australia President Richard Enthoven’s “state of the industry” speech at the National Insurance Brokers Association Convention on the Gold Coast last week was brutally honest on the trials heading the industry’s way. But it also contained plenty of hope, pride – and new information...

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Mon, 21 Oct 2019 13:07:00 +1100
Heads in the sand: SMEs take cyber gamble https://www.insurancenews.com.au/analysis/heads-in-the-sand-smes-take-cyber-gamble https://www.insurancenews.com.au/analysis/heads-in-the-sand-smes-take-cyber-gamble It’s routinely flagged as one of the top business threats across the globe, but many Australian SMEs think they’ve got cyber risk covered. The trouble is they almost certainly haven’t...

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Mon, 14 Oct 2019 12:05:00 +1100
Singular solution on dual pricing https://www.insurancenews.com.au/analysis/singular-solution-on-dual-pricing https://www.insurancenews.com.au/analysis/singular-solution-on-dual-pricing The UK Financial Conduct Authority interim report into home and motor insurance pricing pulls no punches...

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Mon, 07 Oct 2019 12:54:00 +1100
Ties that bind: mitigation meets prudential stability https://www.insurancenews.com.au/analysis/ties-that-bind-mitigation-meets-prudential-stability https://www.insurancenews.com.au/analysis/ties-that-bind-mitigation-meets-prudential-stability How much longer can Australia drag its feet over the need for investment in mitigation? Or to put it more bluntly, when will our myopic political leaders accept that spending more on flood levees, sea walls, stronger buildings and the like holds the key to insurance affordability?

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Mon, 30 Sep 2019 12:44:00 +1000
EY presents visions of doom to insurer laggards https://www.insurancenews.com.au/analysis/ey-presents-visions-of-doom-to-insurer-laggards https://www.insurancenews.com.au/analysis/ey-presents-visions-of-doom-to-insurer-laggards Like Dickens’ Ghost of Christmas Yet to Come showing the future to Scrooge, insurers are being warned by EY about what could happen to them if they don’t embrace change...

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Mon, 23 Sep 2019 13:11:00 +1000
Climate change: still in denial as neighbourhoods burn https://www.insurancenews.com.au/analysis/climate-change-still-in-denial-as-neighbourhoods-burn https://www.insurancenews.com.au/analysis/climate-change-still-in-denial-as-neighbourhoods-burn Australia’s biggest insurers have flagged the importance of urgent action on climate change as out-of-season bushfires rip through Queensland and NSW...

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Mon, 16 Sep 2019 12:26:00 +1000
Firming, not hardening: reinsurers grappling with rates and uncertainty https://www.insurancenews.com.au/analysis/firming-not-hardening-reinsurers-grappling-with-rates-and-uncertainty https://www.insurancenews.com.au/analysis/firming-not-hardening-reinsurers-grappling-with-rates-and-uncertainty Reinsurance rates are rising after the high level of catastrophe losses in the past two years, but the trend may not bring the same comfort as in times past as the industry faces plenty of changes and challenges...

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Mon, 09 Sep 2019 13:46:00 +1000
Cover conundrum: listening to reason when risk changes https://www.insurancenews.com.au/analysis/a-slow-careful-march-towards-the-data-revolution2 https://www.insurancenews.com.au/analysis/a-slow-careful-march-towards-the-data-revolution2 When insurers decline to offer cover for a certain risk in a certain location the reaction from affected residents, and the politicians and media claiming to represent them, is never positive...

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Mon, 02 Sep 2019 11:49:00 +1000
A slow, careful march towards the data revolution https://www.insurancenews.com.au/analysis/a-slow-careful-march-towards-the-data-revolution https://www.insurancenews.com.au/analysis/a-slow-careful-march-towards-the-data-revolution Right now the amount of digital data in the world – and the ability to process and analyse it – is growing exponentially. That data is coming from multiple and expanding sources as homes, workplaces, cars, fridges, TVs, microwaves, wristwatches and any number of other devices become digitally enabled...

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Mon, 26 Aug 2019 13:37:00 +1000
A win/win on depreciation https://www.insurancenews.com.au/analysis/a-winwin-on-depreciation https://www.insurancenews.com.au/analysis/a-winwin-on-depreciation Should depreciation be deducted from a business interruption claim as a “saving”? This Analysis of the issue is from Mark Darwin, a Partner at Herbert Smith Freehills and Peter Rink, Willis Towers Watson Head of Asia Pacific, Forensic Accounting and Complex Claims...

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Mon, 19 Aug 2019 12:00:00 +1000