The Broker

QBE positive on SME as perils exposure reduces 

22 February 2024

QBE says SME package business sold through brokers in Australia is a key area of opportunity for the insurer, which has refined its group-wide portfolio as it seeks less volatile earnings...

PSC targets further growth for trading platform 

22 February 2024

PSC Insurance Group says its bot-enabled APEX trading system has facilitated the placement of more than $136 million in gross written premium for over 81,500 individual policies since its launch last June...

Push for more scrutiny on strata sector broker appointments  

22 February 2024

The Australian Consumers Insurance Lobby has called for improved oversight of the way strata managers appoint brokers, amid concerns property owners are being kept in the dark about changes that sharply increase fees and commissions...

AUB bullish after first-half result 

22 February 2024

AUB Group’s broking and agencies businesses performed well in the first half, while its New Zealand broking operations achieved a “strong turnaround”, MD Michael Emmett says...

Cyber threat dominates Aon risk survey 

22 February 2024

Cyber breaches and regulatory change have been identified as the top threats to Australian businesses in Aon’s latest Global Risk Management Survey...

NIBA industry recruitment website goes live  

22 February 2024

The National Insurance Brokers Association has launched a website for its Insure Your Future scheme, which focuses on easing the transition into the industry for new and prospective brokers...

Broker to pay compensation, apologise over storm claim 

15 February 2024

The Australian Financial Complaints Authority has ordered a broker to pay $1250 compensation and apologise for failures in chasing up a claim that was lodged after several units were damaged in a storm and flooding... 

Tasmania pauses fire levy reform as election called 

15 February 2024

The Tasmanian Government has halted work on a new funding model for the state’s fire and emergency services after last year proposing reforms that included abolishing a levy on business insurance policies...

CFC unveils free cyber education tool 

15 February 2024

Cyber insurance specialist CFC has launched a free online seminar to help Australian brokers start conversations with clients and sell the cover...

Commercial rates tipped to fall after flatlining in Q4 

08 February 2024

Insureds are in the “driver’s seat” as commercial price rises continue to moderate, global broker Marsh says, as its latest market update shows Australian renewal rates weakened further in the fourth quarter of last year...