Steadfast buoyant after first-half gains 24 February 2021 Steadfast says it is on track to deliver full-year earnings at the top of its guidance range based on a stronger first-half trading result and acquisitions... Read More...
Industry faces 'bumpy ride' as COVID fallout drags on: S&P 24 February 2021 S&P Global Ratings expects this year to remain challenging for Australia’s property and casualty insurers, citing potential COVID-related business interruption claims as among the key risks facing the sector... Read More...
Nightmare tenants' 'unhygenic' lifestyle not covered by insurance 24 February 2021 A landlord has won a partial payout during a claim dispute after evicted tenants left broken windows, graffiti and missing taps - although the majority of the damage was ruled to be subject to a policy exclusion for poor housekeeping and unhygienic habits... Read More...
INsight podcast addresses year of regulatory reform 24 February 2021 A packed year of regulatory reform is the key talking point in this week’s edition of the Insurance News podcast... Read More...
General insurance GWP forecast to grow 5% a year 22 February 2021 Australia’s general insurance industry will reach gross written premium of $98 billion in 2025, from $76.3 billion last year, supported by gradual economic recovery and growing demand for insurance against natural disasters, GlobalData predicts... Read More...
QBE looks to revival after full-year loss 22 February 2021 QBE Group says improvements in the business and further market strength give it confidence for the year ahead as it seeks to rebound from a $US1.52 billion loss... Read More...
icare seeks governance head in leadership revamp 22 February 2021 NSW state-owned icare is introducing a risk and governance executive position as part of a leadership revamp announced by CEO Richard Harding, who took up the top role last month... Read More...
Super reforms Bill introduced in Parliament 22 February 2021 Legislation aimed at reforming the superannuation system and cutting out “unnecessary” insurance fees was introduced last week in Federal Parliament... Read More...
AFCA recruiting insurance ombudsman as Price set to step back 22 February 2021 The Australian Financial Complaints Authority is seeking a Lead Ombudsman - Insurance to take over the role later this year... Read More...
FCA urges BI response as court finalises details 22 February 2021 The UK Financial Conduct Authority has urged insurers to move ahead with business interruption claim settlements as the Supreme Court distils its recent judgment into a set of declarations... Read More...
Year of change: injection of regulatory reform begins 22 February 2021 Prime Minister Scott Morrison described the national rollout of the COVID-19 vaccination program as “the beginning of a big game changer”. Also game-changing for the insurance industry could be the injection of Hayne-inspired regulatory reform slated for this year... Read More...