insuranceNEWS.com.au http://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2017 Next code may protect vulnerable consumers http://www.insurancenews.com.au/local/next-code-may-protect-vulnerable-consumers http://www.insurancenews.com.au/local/next-code-may-protect-vulnerable-consumers The General Insurance Code of Practice may be strengthened with standards to improve outcomes for vulnerable consumers and victims of family violence, under priority areas identified in an interim report…

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Industry hails Queensland cyclone mitigation vow http://www.insurancenews.com.au/local/industry-hails-queensland-cyclone-mitigation-vow http://www.insurancenews.com.au/local/industry-hails-queensland-cyclone-mitigation-vow Insurers have welcomed Queensland Labor’s $20 million pledge to improve cyclone resilience for older homes in the state’s north if re-elected on November 25…

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Industry logs almost $4 billion in profit http://www.insurancenews.com.au/local/industry-logs-almost-4-billion-in-profit http://www.insurancenews.com.au/local/industry-logs-almost-4-billion-in-profit The general insurance industry has recorded an annual after-tax net profit of about $3.92 billion, according to a calculation based on latest statistics released by the Australian Prudential Regulation Authority…

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Suncorp warns of disruption, regulation ‘pincer movement’ http://www.insurancenews.com.au/local/suncorp-warns-of-disruption-regulation-pincer-movement http://www.insurancenews.com.au/local/suncorp-warns-of-disruption-regulation-pincer-movement Financial services incumbents face a two-pronged assault from regulation and disruption, Suncorp CFO Steve Johnston says…

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Fintech comes of age as consumers embrace change http://www.insurancenews.com.au/local/fintech-comes-of-age-as-consumers-embrace-change http://www.insurancenews.com.au/local/fintech-comes-of-age-as-consumers-embrace-change The number of fintechs has more than doubled since 2015 to about 600 and revenue is rising, indicating the sector is maturing, according to the latest EY Fintech Australia Census…

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APRA publishes claims stats http://www.insurancenews.com.au/local/apra-publishes-claims-stats http://www.insurancenews.com.au/local/apra-publishes-claims-stats The Australian Prudential Regulation Authority has released the first edition of its General Insurance Claims Development Statistics…

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