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A note from the Publisher

22 October 2018

The latest edition of Insurance News magazine is being mailed out this week, and with it we’ll be celebrating a significant milestone…

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‘Numerous headwinds’ predicted – despite rate rises

22 October 2018

Commercial premium rises are providing the main tailwind for the insurance industry, which achieved a bounce-back performance last financial year, Finity Consulting says…

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Pricing must keep pace with climate change: Finity

22 October 2018

Insurers can’t afford to take a relaxed approach to pricing for climate change, because an escalation in severe weather events may leave them playing catch-up as claims costs are driven higher…

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Half of industry cyber breaches go undetected

22 October 2018

While insurance companies are focused on alerting clients to the dangers of cyber breaches, their own internal security systems have failed to detect about 47% of cyber breach attempts…

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Australia climbs insurance penetration chart

22 October 2018

Australia has an insurance penetration rate of 3.5%, the sixth-highest in a Lloyd’s underinsurance study of 43 economies…

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Data loss lawsuits face major barriers

22 October 2018

While companies are responsible for keeping clients’ data secure, class actions around data breaches would face significant hurdles in Australian law…

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Quake experts name Australian hotspots

22 October 2018

The Wheatbelt region in WA and Gippsland in Victoria are the areas most vulnerable to earthquakes, according to the latest National Seismic Hazard Assessment…

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ICA reassesses historic cat losses

22 October 2018

The Insurance Council of Australia is upgrading its catastrophe data to normalise historic disaster loss figures to last year’s values…

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EQC close to finalising storm claims

22 October 2018

New Zealand’s Earthquake Commission has settled 84% of claims from storm events between January and last month…

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LMI link to securities in decline

22 October 2018

The use of lenders’ mortgage insurance policies in residential mortgage-backed securities is falling, according to S&P Global Ratings…

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Quake experts examine silent threat to Dunedin

22 October 2018

“Quiet” earthquake faults that could cause severe damage in the southern New Zealand city of Dunedin are the early focus of a research project funded by the Earthquake Commission…

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In Insurance News (the magazine) this month

22 October 2018

What does the Hayne Royal Commission have in store for the general insurance industry? Insurance News magazine has analysed the royal commission’s hearings to date and spoken to experts who believe the shock that’s coming will be based on tougher regulation rather than a pile of new legislation…

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