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Analysis

Is climate change causing slow-motion cyclones?

25 March 2019

Global warming is changing our weather in so many ways – but one of the most concerning is its impact on cyclones…

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No holding back: it’s tech time for brokers

18 March 2019

Brokers are set to adopt technological innovation at a faster pace than has so far been experienced so far as the relatively buoyant insurance market provides them with a stronger foundation for investment…

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Long road ahead on consumer reforms

11 March 2019

There’s little dispute that standard cover arrangements aren’t much help to consumers trying to choose between policies, but responses to a Treasury discussion paper show that finding a better way forward will not be simple…

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Deciphering Hayne’s code with legal teeth

4 March 2019

General insurance was an early adopter of the code-of-practice concept, which basically allowed the industry to set standards and self-regulate…

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Full disclosure: The Hayne fallout continues

25 February 2019

The ramifications of the Hayne royal commission are still becoming clear three weeks after the release of its final report…

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‘Tricky tactics’ in the Townsville blame game

18 February 2019

A cold realisation is seeping out of north Queensland as Townsville begins its recovery from its unprecedented floods – most inundated businesses did not insure for flood and could be facing ruin as a result…

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Hayne report: a jolt for the industry, but few shocks

11 February 2019

The dust is still settling after the Hayne royal commission’s final report swept over the financial services industry, but now that everyone has had a chance to stand back and consider the results, the consensus is that few of the findings were unexpected…

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Industry barometer: leaning into the headwinds

4 February 2019

Commercial premiums climbed at a greater pace than expected last year and are set for further gains, according to a relatively positive JP Morgan Taylor Fry General Insurance Barometer…

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The battlefields of 2019

10 December 2018

For the general insurance industry, 2018 has been a year of recovering revenues for insurers and growing uncertainties for brokers. While insurers in Australia have led the world in raising premiums after a long period in the doldrums, brokers are moving into 2019 with the twin threats of competition and hostile regulatory action hanging over them…

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NSW fire services levy: rising from the ashes?

3 December 2018

Reforms to the NSW emergency services levy on insurance were officially “dead, buried and cremated” after last year’s highly controversial decision to scrap them…

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Insuring against failure: the terrorist threat to Australia

26 November 2018

Melbourne’s deadly Bourke Street attack, closely followed by arrests aimed at foiling a separate plot, have reignited the terrorism debate…

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Cycle holds course, but uncertain terrain awaits

19 November 2018

Australian insurers have received an upbeat assessment in KPMG’s annual review of the industry, with profits still rising and the sector well placed to handle fallout from the Hayne royal commission…

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Royal commission submissions: a summary

12 November 2018

The Hayne royal commission website has been flooded with hundreds of submissions in recent days…

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Bracing for conflict on intermediary pay

5 November 2018

The Hayne royal commission has the general insurance industry’s exemption from the ban on conflicted remunerations in its sights…

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Debbie does damage: how insurers became the bad guys

29 October 2018

General insurance has an uneasy reputation with the general public, but it doesn’t often deserve the hammering it takes from so-called expert commentators and current affairs shows…

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Industry results: will the bounce-back fall flat?

22 October 2018

Insurers buoyed by a benign year for catastrophes, rising premiums and subdued claims inflation may find the business outlook is about to become more challenging…

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El Nino looms as a farm-fresh crisis

15 October 2018

Relief for the drought-stricken farming community is unlikely to come any time soon, now an El Nino alert has been issued…

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Climate change: Morrison’s coalition of the unwilling

8 October 2018

Shortly after taking the country’s top job in August, Scott Morrison declared that tackling drought was the “most urgent and pressing need right now” for his government…

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Disclosure rethink gathers steam as commission ponders

1 October 2018

Making people aware of what their insurance policy covers – and just as importantly what it doesn’t – has been a preoccupation of insurers for more than 20 years. All that has been gained is an understanding that legal necessities don’t mix well with the need for simplicity…

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Counting the consequences after a withering week

24 September 2018

As the dust settles from last week’s general insurance hearings at the Hayne royal commission, it’s still too early to know what the long-term impact might be…

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