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Australia ‘heavily exposed’ to secondary perils

15 April 2019

The hailstorm that hit Sydney last December was further confirmation of the growing risk to insurers from secondary natural perils, Swiss Re’s latest Sigma study says…

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Townsville claims rise as coverage rows rumble on

15 April 2019

The number of claims lodged after the devastating Townsville floods in February has risen to 27,355, amounting to more than $1.13 billion…

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Hawking reforms ‘must be handled with care’

15 April 2019

Hayne royal commission recommendations to strengthen anti-hawking laws must be given “careful consideration” to ensure changes don’t have a detrimental impact on the general insurance industry, Finity has warned…

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Insurers’ apathy drives out NZ insurtechs

15 April 2019

Nearly all insurtechs in New Zealand are being forced to form partnerships with other start-ups or planning overseas expansion because local insurers as so apathetic…

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In Insurance News magazine this month

15 April 2019

How will insurance brokers deal with the fallout from the Hayne royal commission? The latest edition of Insurance News, the industry’s most popular magazine, looks at the quandary for brokers struggling with the consequences of an inquiry they weren’t even invited to participate in…

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ICA plays down spike in code breaches

15 April 2019

The Insurance Council of Australia and major insurers have rejected criticism of the industry’s performance following a 32% rise in code breaches last financial year…

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Natural perils cost $13 billion a year

15 April 2019

Australian natural perils generate an average annual cost of $13.5 billion, including insurance losses and intangible impacts, actuarial consultant Finity says…

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Industry missing out on data riches: tech expert

15 April 2019

Insurers have not yet unlocked insights from their unstructured data or leveraged it through the claims management chain, according to Gallagher Basset…

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Insurers in dark on social risks: actuaries

15 April 2019

Social risk changes are being overlooked and should be more closely monitored by insurers through a formal review process, the Actuaries Institute warns…

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Fire chiefs demand action on climate threat

15 April 2019

Former state fire and emergency services leaders have demanded a federal parliamentary inquiry into resourcing as natural disaster risks rise due to climate change…

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Bushfire research body seeks funding extension

15 April 2019

The Bushfire and Natural Hazards Co-operative Research Centre is working to secure a new government grant before its funding term ends in two years…

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