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  1. Insurers told to have BI court result plan
    Insurers should have a plan for responding to the outcome of the business interruption test case heard earlier this month, the Australian Securities and Investments Commission has told company directors...
    Daily | 20 Oct 2020 04:09pm
  2. ASIC targets UCT reform readiness
    The Australian Securities and Investments Commission is stepping up regulatory preparations for the start of laws extending consumer and small business unfair contract term protections to insurance...
    Daily | 20 Oct 2020 04:07pm
  3. New report proposes changes to advice definitions
    The Financial Services Council has today released a report setting out suggestions on ways to improve the provision of advice to consumers, some of which could also impact general insurance...
    Daily | 20 Oct 2020 03:58pm
  4. Travel insurance specialist ‘hibernates’ as volumes plummet
    TravelCard today announced “the difficult decision” to put the business into hibernation and pause operations...
    Corporate | 19 Oct 2020 02:41pm
  5. IAG and union battle over enterprise pay deal
    IAG has defended a proposed enterprise pay and conditions agreement, saying the company is “not immune” from the impacts of COVID-19 and the offer achieves the right balance between the needs of employees and the business...
    Corporate | 19 Oct 2020 02:39pm
  6. PSC snaps up another UK brokerage for $15.5 million
    PSC Insurance Group announced today it has acquired another London brokerage for £8.51 million, further expanding its reach in the UK market...
    Corporate | 19 Oct 2020 02:39pm
  7. Steadfast boosts training with Gold Seal purchase
    Steadfast has boosted its education and training capabilities with the acquisition of Gold Seal Practice Management and Gold Seal Intellectual Property...
    Corporate | 19 Oct 2020 02:38pm
  8. Coverforce defends new PI product
    Coverforce has moved to dispel doubts on a new professional indemnity insurance product after a surveyors’ group warned the cover may not meet Australian regulations...
    Corporate | 19 Oct 2020 02:38pm
  9. Insurance consigned to the past as Stream changes direction
    Former claims manager Stream says the Qusol insurance software business will no longer be a key part of its operations as it moves out of insurance to become an electrical products and services company...
    Corporate | 19 Oct 2020 02:37pm
  10. Builder nails insurance services deal with Westpac
    Johns Lyng Group has signed a contract with Westpac General Insurance to provide building and restoration services for insurance claims across the insurer’s national client base for an initial period of three years...
    Corporate | 19 Oct 2020 02:37pm
  11. QBE’s Mitti joint venture aims to reduce SME risks
    QBE has partnered with workplace inspection company SafetyCulture to provide risk mitigation assistance and tailored cover for SMEs through new joint venture insurer Mitti...
    Corporate | 19 Oct 2020 02:36pm
  12. Zurich monitors local travel as global product revamped
    Zurich wants to introduce an enhanced business travel product locally next year after the global company last week said it had improved its commercial offering to reflect challenges highlighted by the COVID-19 pandemic...
    Corporate | 19 Oct 2020 02:35pm
  13. BOQ expects after-tax loss from sale of St Andrews
    The Bank of Queensland says the sale of its insurance arm will translate into an after-tax loss of $27-30 million, which will be reflected in its current financial year results...
    Corporate | 19 Oct 2020 02:35pm
  14. iSelect appoints new CEO
    Comparison website iSelect has promoted Chief Marketing and Commercial Officer Warren Hebard to CEO, while warning that revenue will be hampered by changes to life insurance and this year’s COVID-19 restrictions...
    Corporate | 19 Oct 2020 02:34pm
  15. Cover Genius raises $15 million as online commerce increases
    Technology company Cover Genius, which facilitates ecommerce insurance, has raised $15 million as it extends its product suite and partner network globally amid opportunities from rising online purchasing...
    Corporate | 19 Oct 2020 02:33pm
  16. This La Nina ‘could match 2010-12’ event
    The current La Nina weather event could match the strength of the last one, which caused devastating flooding in parts of Australia...
    Local | 19 Oct 2020 02:30pm
  17. Most broker clients don’t pay more, says Deloitte
    A Deloitte Access Economics report on broker value has found that intermediaries provide huge value to clients, insurers and the economy – and clients don’t necessarily pay more for it...
    Local | 19 Oct 2020 02:30pm
  18. Insurers say prescribed burns could help fine-tune premiums
    As Australians await promised new government investment in natural disaster resilience, insurers say bushfire mitigation efforts may help them “fine-tune” premiums...
    Local | 19 Oct 2020 02:29pm
  19. ‘Long overdue’ flood levee may slice 27% from city’s premiums
    A $42.5 million commitment by the Queensland Government to build the East Bundaberg Flood Levee will likely reduce local property premiums by 10-27%...
    Local | 19 Oct 2020 02:26pm
  20. Local start-up launches global cyclone risk model
    Sydney-based start-up risk modeller Reask has released a new unified tropical cyclone model which it says is the “next phase” of catastrophe risk assessment and offers insurers natural hazard risk solutions without geographic limitations...
    Local | 19 Oct 2020 02:25pm

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