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  1. IAG set for a 9-month transition as Harmer bows out
    IAG MD and CEO Peter Harmer says his decision to announce now that he’s leaving the group before the end of the year will allow a “flexible nine-month transition during which time my successor will be appointed”...
    Daily | 08 Apr 2020 04:10pm
  2. Zurich unveils SME support, Hollard works on ‘unique response’
    Zurich has published a series of measures aimed at supporting coronavirus-affected clients and brokers, while Hollard says it is developing its “own unique response” in close consultation with intermediaries...
    Daily | 08 Apr 2020 04:03pm
  3. Fitch lowers Suncorp’s outlook to negative
    Fitch has lowered its outlook on Suncorp to negative after reviewing the insurer’s ratings in light of financial uncertainty and increased risks to capital and earnings from the COVID-19 pandemic...
    Daily | 08 Apr 2020 03:55pm
  4. APRA suspends new insurance licences, advises prudence
    Applicants seeking an Australian insurance licence will have to wait at least six months, with the regulator deciding to suspend issuing new permits due to the economic turmoil created by the COVID-19 pandemic...
    Daily | 08 Apr 2020 03:53pm
  5. Peter Harmer to retire as IAG MD
    IAG MD and CEO Peter Harmer will retire at the end of this year after going through "a period of illness" last year, the insurer announced today...
    Breaking News | 08 Apr 2020 09:15am
  6. Industry holds its focus during ‘unprecedented’ pandemic
    The insurance industry’s focus on supporting customers and keeping clients covered during the COVID-19 crisis is a source of pride for Insurance Council of Australia Head of Risk and Operations Karl Sullivan...
    Daily | 07 Apr 2020 04:36pm
  7. icare provides workers’ comp relief, as SIRA tracks claims
    NSW workers’ compensation insurer icare says it has reduced premiums for more than 2000 businesses and suspended policies for a number of firms as part of coronavirus support measures...
    Daily | 07 Apr 2020 04:30pm
  8. Life insurers commit to supporting frontline health workers
    Life insurers have moved to reassure healthcare workers who are in the front line of the coronavirus outbreak battle that they won’t be denied access to cover...
    Daily | 07 Apr 2020 04:28pm
  9. QBE selects a new International CEO
    QBE announced today that Axa XL executive Jason Harris will become its new London-based International CEO later this year when Richard Pryce retires...
    Daily | 07 Apr 2020 04:27pm
  10. Aid to SMEs: it's not too late for some alternative thinking
    The insurance response to the coronavirus pandemic, which played out over the past week, was supposed to be an industry-wide solution to keep SME businesses insured and engaged. But it ended up being a solution that angered brokers and caused a great deal of debate...
    Analysis | 06 Apr 2020 02:48pm
  11. Disagreement over disclosure costs TAL $365,400
    The Australian Financial Complaints Authority has found TAL Life has no grounds to reject a claim for critical illness benefit lodged by a policyholder who had aorta repair and replacement surgery in November 2016...
    Life Insurance | 06 Apr 2020 02:38pm
  12. Funeral product obligations rise as exemption ends
    The Australian Securities and Investments Commission has spelled out new obligations for funeral cover providers as Hayne royal commission reforms take effect this month...
    Life Insurance | 06 Apr 2020 02:37pm
  13. COVID-19 puts spotlight on life policy exclusion clauses
    The coronavirus outbreak has underscored once again the importance of understanding exclusion clauses in life policies, according to Finlaysons Lawyers...
    Life Insurance | 06 Apr 2020 02:37pm
  14. CBA receives further payment from CommInsure divestment
    Commonwealth Bank has received further payment of about $865 million from AIA as part of the sale agreement for its life business CommInsure...
    Life Insurance | 06 Apr 2020 02:36pm
  15. FSC backs strengthened compliance, enforcement
    The Financial Services Council supports greater compliance and enforcement activities aimed at strengthening the legality and penalty framework of the current unfair contract terms regime...
    Life Insurance | 06 Apr 2020 02:35pm
  16. A better way? Broking leader criticises lack of consultation on SME support
    Insurer measures to support virus-affected SME clients by deferring premium payments are "well-intentioned" but not the best solution, AUB Group CEO and MD Mike Emmett says...
    Local | 06 Apr 2020 02:18pm
  17. Insurers offer SME help as ACCC clears way
    Suncorp, QBE and Allianz have outlined assistance measures for small businesses, following action by IAG, after receiving regulatory approval that also clears the way for other insurers and brokers to provide similar support for customers during the coronavirus outbreak...
    Local | 06 Apr 2020 02:17pm
  18. Travel insurers receive 15,000 virus claims
    Travel insurance customers have lodged almost 15,000 claims related to the COVID-19 outbreak, but the Insurance Council of Australia (ICA) warns many will not be paid due to pandemic and "known event" exclusions...
    Local | 06 Apr 2020 02:16pm
  19. Bushfire potential 'remains higher during autumn'
    Some regions, including parts of WA, face above-normal fire potential this autumn, according to the latest seasonal report from the Bushfire and Natural Hazards Co-operative Research Centre...
    Local | 06 Apr 2020 02:15pm
  20. Consumer focus strengthened in revised NZ code
    Commitments to act transparently, with integrity and in utmost good faith have been made clearer in the revised Insurance Council of New Zealand code of practice that took effect on Wednesday...
    Local | 06 Apr 2020 02:14pm

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