Coronavirus outbreak: exclusions could rule out cover 29 January 2020 The local insurance industry has warned that “broad exclusions normally apply” to pandemics and epidemics such as the current coronavirus outbreak... Read More...
Another leadership team executive quits IAG 29 January 2020 IAG Group Executive Strategy and Corporate Development David Harrington “has decided to leave” the company at the end of March, the insurer says today in a statement... Read More...
Unsustainable ‘honeymoon’ discounting under fire 29 January 2020 Life insurer ClearView has taken aim at its rivals for cutting premiums to unprofitable rates in the race to maintain customer numbers... Read More...
A NOTE FROM THE PUBLISHER 16 December 2019 This is the final Monday edition of insuranceNEWS.com.au for 2019, with our Daily update service continuing through to Friday. We will be back in action from Monday February 3... Read More...
Communications broke down in Resilium dispute 16 December 2019 Communication between representatives of private equity firm Pemba and Coverforce founder and MD Jim Angelis broke down amid a dispute over funding for an acquisition of Resilium... Read More...
icare challenges critical report 16 December 2019 NSW state insurer icare has contested some aspects of a critical report that identifies the scheme’s new workers’ compensation claims model as the “primary driver” behind its deteriorating performance... Read More...
Advisers urged to trim costs as commissions fall 16 December 2019 Advisers must cut their expenses by 20% to 25% to stay financially viable when upfront commissions are further cut to 60% next year, an MLC Life-commissioned white paper says... Read More...
Kurt Nilsen elected as UAC chair 16 December 2019 The Underwriting Agencies Council has elected Lion Underwriting MD Kurt Nilsen as its new Chairman... Read More...
Catastrophes 'put $847 billion in jeopardy' 16 December 2019 Catastrophic events could wipe more than half a trillion dollars from world economic growth in 2020, according to the Cambridge Centre for Risk Studies’ latest Global Risk Index... Read More...
Ten insurance trends in 2020 16 December 2019 As part of its annual General Insurance Industry Review, KPMG outlined 10 emerging trends for Australian insurance companies. Here’s our summary of the findings... Read More...