Not again! La Nina likelihood increases 17 September 2021 The chances of a flood-inducing La Nina weather system forming this year have risen, just six months after the last such event came to an end... Read More...
Allianz add-on class actions to be combined 17 September 2021 Two class actions against Allianz Australia over add-on insurance sold through car dealerships are set to be combined following a Victorian Supreme Court decision this week... Read More...
Jarrod Hill starts as IAG intermediated head 17 September 2021 Jarrod Hill has taken up the role of IAG Intermediated Insurance Australia Group Executive, tasked with improving the performance of the division... Read More...
Landlord claiming COVID is 'civil commotion' loses dispute 17 September 2021 RAA Insurance has successfully argued that its policy term "civil commotion" refers only to something similar to a riot, and not to COVID-19 as a landlord customer insisted during a claim dispute hearing... Read More...
ICA second test case set to conclude this week 13 September 2021 The Insurance Council of Australia second business interruption test case is set to conclude this week after hearing arguments relating to disease and prevention of access wordings and how any losses should be calculated if a policy is triggered... Read More...
IAG review ends IAL brand 13 September 2021 IAG says its IAL brand will no longer accept new business from November 1 and renewals from December 1 as it prepares to revamp the way personal lines products are sold through intermediaries... Read More...
ASIC says burden eased in breach reporting guidance 13 September 2021 The Australian Securities and Investments Commission has released finalised guidance for breach reporting obligations after making some changes resulting from industry feedback... Read More...
FPA details DDO concerns in Treasury submission 13 September 2021 The Financial Planning Association has outlined its concerns about the incoming design and distribution obligations regime in a submission to Treasury... Read More...
Insurance News wellness survey garners strong response 13 September 2021 The Insurance News Wellness Survey 2021 has already attracted about 800 responses detailing the experience of remote working and how the insurance industry has managed the mental health impacts of COVID and related restrictions... Read More...
Accenture outlines five tech trends for insurers 13 September 2021 Accenture has identified five critical insurance industry technology trends for 2021 after COVID quickly elevated customer expectations beyond the traditional offer to products and services enabled by the cloud... Read More...
Swiss Re sees global premiums back to pre-COVID levels 13 September 2021 Swiss Re says non-life insurance premiums will be 10% above pre-COVID-19 levels by the end of this year and will continue to rise due to increased exposures and risk awareness, as well as evolving cover requirements... Read More...
Near and far: reinsurer examines coming changes 13 September 2021 Swiss Re has taken a look to the end of the year, and two decades further ahead, as current trends herald changes that will transform the industry into the future... Read More...