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 2022 Like-for-like vs like-for-right https://www.insurancenews.com.au/analysis/like-for-like-vs-like-for-right https://www.insurancenews.com.au/analysis/like-for-like-vs-like-for-right Insurers have been at the vanguard of calls to “build back better” after Australia’s record-breaking floods catastrophe – and rightly so...

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Mon, 27 Jun 2022 13:37:00 +1000
Risk watchlist: cryptos, melting permafrost join climate, material shortages as key threats https://www.insurancenews.com.au/analysis/risk-watchlist-cryptos-melting-permafrost-join-climate-material-shortages-as-key-threats https://www.insurancenews.com.au/analysis/risk-watchlist-cryptos-melting-permafrost-join-climate-material-shortages-as-key-threats Covid-19 dominated much of the world’s attention in the last few years, until this February when Russian President Vladimir Putin ordered a “special military operation” in neighbouring Ukraine...

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Mon, 20 Jun 2022 15:02:00 +1000
Perfect storm: insurers battle 500,000 catastrophe claims deluge https://www.insurancenews.com.au/analysis/perfect-storm-insurers-battle-500000-catastrophe-claims-deluge https://www.insurancenews.com.au/analysis/perfect-storm-insurers-battle-500000-catastrophe-claims-deluge A series of obstacles have constrained insurers as they battle half a million claims from a string of some of the worst catastrophes ever experienced in Australia...

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Mon, 06 Jun 2022 15:12:00 +1000
Decision time: your most read AFCA rulings https://www.insurancenews.com.au/analysis/decision-time-your-most-read-afca-rulings https://www.insurancenews.com.au/analysis/decision-time-your-most-read-afca-rulings Readers of the insuranceNEWS.com.au Daily news service will know that we provide regular summaries of key general insurance industry dispute rulings...

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Mon, 30 May 2022 12:04:00 +1000
Promises, promises: what can industry expect from new government? https://www.insurancenews.com.au/analysis/promises-promises-what-can-industry-expect-from-new-government https://www.insurancenews.com.au/analysis/promises-promises-what-can-industry-expect-from-new-government As Labor’s Anthony Albanese was sworn in as Australia’s 31st Prime Minister, insurance professionals might have been wondering what the change of government means for the industry...

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Mon, 23 May 2022 12:22:00 +1000
Off balance: rising income inequality equals falling insurance cover https://www.insurancenews.com.au/analysis/off-balance-rising-income-inequality-equals-falling-insurance-cover https://www.insurancenews.com.au/analysis/off-balance-rising-income-inequality-equals-falling-insurance-cover The growing problem of income inequality is having a significant impact on insurance protection levels, and insurers can play a key role in solutions, Swiss Re says in a new Sigma study...

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Mon, 16 May 2022 12:13:00 +1000
Uninsurable nation? Maybe, maybe not, but action needed either way https://www.insurancenews.com.au/analysis/uninsurable-nation-maybe-maybe-not-but-action-needed-either-way https://www.insurancenews.com.au/analysis/uninsurable-nation-maybe-maybe-not-but-action-needed-either-way The “uninsurable nation” tagline to the Climate Council’s latest report on such issues has raised some hackles within the industry...

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Mon, 09 May 2022 13:15:00 +1000
Pain before gain: cost headwinds arrive ahead of investment boost https://www.insurancenews.com.au/analysis/pain-before-gain-cost-headwinds-arrive-ahead-of-investment-boost https://www.insurancenews.com.au/analysis/pain-before-gain-cost-headwinds-arrive-ahead-of-investment-boost After years of inflation in the doldrums and falling interest rates reducing insurer investment earnings on premium income, the environment is changing in a hurry...

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Mon, 02 May 2022 13:06:00 +1000
'Clarion call' to lift cybersecurity https://www.insurancenews.com.au/analysis/clarion-call-to-lift-cybersecurity https://www.insurancenews.com.au/analysis/clarion-call-to-lift-cybersecurity Cyber extortion has debuted for the first time on the list of most pressing worries for Australian executives, adding to closely aligned fear of cyber attack and data loss which have taken out the top two spots for the third year running in the annual Directors’ Liability Survey from Willis Towers Watson and law firm Clyde & Co...

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Tue, 26 Apr 2022 13:46:00 +1000
Industry faces big challenges after strong rebound last year https://www.insurancenews.com.au/analysis/industry-faces-big-challenges-after-strong-rebound-last-year https://www.insurancenews.com.au/analysis/industry-faces-big-challenges-after-strong-rebound-last-year Australia’s general insurance industry made a strong financial comeback last year, after unprecedented pressures caused by the 2019/20 Black Summer bushfires and the covid pandemic, KPMG says in a new report...

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Mon, 11 Apr 2022 14:53:00 +1000