Daily

20 years and counting: Proclaim celebrates milestone

23 May 2019

Claims management company Proclaim says it is preparing for the challenge of the “information revolution” as it celebrates its 20th anniversary today...

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APRA fires capital requirement warning shot

23 May 2019

The Australian Prudential Regulation Authority is considering additional capital requirements for several institutions after uncovering “material weaknesses” in governance and management of non-financial risks such as culture and accountability...

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Steadfast, icare return for third Mansfield Awards

23 May 2019

Steadfast and Insurance & Care NSW (icare) have agreed to sponsor the Mansfield Awards for the third consecutive year...

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Ensurance reassures ASX over its financial state

22 May 2019

Insurance underwriting agency Ensurance says it “will be able to continue its operations” in response to an Australian Securities Exchange query over its financial state...

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ASIC chief warns: 'first, do no harm'

22 May 2019

The financial services industry needs to embrace the concept of “first, do no harm”, Australian Securities and Investments Commission Chairman James Shipton says...

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Australia exposed to Asia’s risky businesses

22 May 2019

Australia is one of the most resilient nations in the world but businesses are increasingly exposed to greater risks in Asia, according to a new report...

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Crisis talks as bogus London lineslip revealed

21 May 2019

A London-based JLT Re broker has been sacked after a lineslip facility insuring Australian policyholders was exposed as a sham…

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Hayne sparks demand for specialists, but salary war looms

21 May 2019

Insurance professionals with niche skills in areas such as handling complex claims, risk and compliance can command higher salaries as the industry gears up to comply with the reforms tabled by the Hayne royal commission, recruiter Hays says today…

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Tower bounces back with first-half profit

21 May 2019

New Zealand’s third-largest general insurer Tower today announced a return to the black with a first-half net profit of $NZ11.9 million ($11.3 million) as ongoing efforts to revamp the business yield dividends…

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Australia’s premium growth leads the world

17 May 2019

Commercial premium in the Pacific, along with the region’s largest market Australia, grew at the fastest pace in the world during the first quarter, Marsh says...

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Suncorp’s pre-election warning: ‘involve insurers in reform, or pay the price’

17 May 2019

The incoming Federal Government, whichever party is elected, must consult with the insurance industry and take a balanced approach to royal commission reforms, or risk the chaos of insurer collapse, Suncorp says...

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QBE ‘won’t replace’ departing executive

17 May 2019

QBE has announced the exit of Group COO David McMillan, who is leaving to become CEO of a UK insurer...

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NSW reviews icare workers' comp scheme

16 May 2019

The NSW State Insurance Regulatory Authority has invited submissions to an independent review of workers’ compensation arrangements managed by Insurance and Care NSW (icare)...

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QBE speeds property claims, appoints Sedgwick

16 May 2019

QBE has appointed Sedgwick as its sole principal loss adjusting partner as it introduces new technology that allows it to streamline property claims decision-making and cut costs...

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NZ court orders broker to repay Suncorp

16 May 2019

A New Zealand insurance broker has lost his legal bid to have Suncorp-owned Asteron Life resume paying him income protection benefits...

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Gallagher acquires SA brokerage

15 May 2019

Gallagher has announced the acquisition of Adelaide-based Donnellys Insurance Brokers, as it continues to expand its SME capability...

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In plain sight: ASIC demands complaints transparency

15 May 2019

The Australian Securities and Investments Commission has launched consultation on new standards for the handling of customer complaints by financial firms...

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Insurers 'failing to keep up with customers'

15 May 2019

Customers in Australia and globally want more comprehensive and dynamic insurance products but are not getting them because of a tepid response from insurers, a new report claims...

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Signed and sealed: Nib takes control of QBE’s travel arm

14 May 2019

QBE has completed the disposal of its Australian travel insurance business to health insurer Nib Holdings, which has invested significantly to build up its presence in the market...

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Insurtech Australia appoints first female chief

14 May 2019

Insurtech Australia today named founding member Rita Yates as its new CEO. She replaces Simon O’Dell, who becomes Chairman after slightly more than a year as CEO...

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