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Local

Insurer profit rises despite growing competition

29 September 2014

Australian insurance profits grew 8.3% last financial year to a post-global financial crisis record of $4.96 billion amid escalating competitive pressures, according to KPMG…

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Zurich

Corporate

QBE names new board members

29 September 2014

QBE has made three appointments to its board as part of its succession policy…

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AIG

Regulatory & Government

Commission calls for more mitigation spending

29 September 2014

Natural disaster funding arrangements should be reversed, to place the emphasis on risk mitigation rather than nationally funded relief and recovery after events, the Productivity Commission says…

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QBE

Financial Services

Government dismisses FSC standards board plan

29 September 2014

Finance Minister Mathias Cormann has joined a chorus of criticism of the Financial Services Council’s proposed adviser standards board, labelling its plan a “cop-out”…

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Brought to you by: EBIX Australia

The Professional

Fire risk article wins national award

29 September 2014

Insurance News journalist John Deex has won the Engineers Australia journalism award for an article on fire risks in Australian high-rise buildings…

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Vero

International

NY regulator warns of cyber ‘armageddon’

29 September 2014

New York’s Department of Financial Services says insurers have a key role to play in helping to prevent an “armageddon-type” cyber event…

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The Insurance Broking Specialists - Macquarie Bank

Analysis

Insurers bulk up for the big fight

29 September 2014

Australian insurers have established a stronger position in the past financial year, but they may now be heading for a storm cloud of competitive challenges…

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