05 September 2022
After years of debate over the line between general and personal advice and rules related to each, the closely watched Quality of Advice review has put a plan on the table that cuts a swathe through previous discussions...
29 August 2022
People buy insurance so that they’re looked after when disaster strikes – but how prepared are they for the realities of the claims process after a major natural catastrophe?...
22 August 2022
Actuaries have painstakingly crunched the numbers on insurance affordability for Australia's 10 million households and the conclusion is clear: the current regime of taxes, building codes and land planning must change...
15 August 2022
Reinsurers are seeking more stability in a volatile environment that has changed significantly in recent times, with uncertain implications for pricing and capacity, a report from AM Best indicates...
08 August 2022
The legal test case process triggered by declined pandemic-related business interruption claims will head into a third year as the wheels of justice turn slowly and clarity is still sought over the issues...
01 August 2022
The Commonwealth Scientific and Industrial Research Organisation has released a major new report outlining seven megatrends that will shape our society over the next 20 years...
25 July 2022
There’s momentum building on an insurance issue that could theoretically invalidate thousands of home and contents policies, and has consumer groups throwing around accusations of “junk” cover...
18 July 2022
After years of conjecture and the sale of various other financial services business in recent times, Suncorp has made the decision to divest its bank and focus entirely on insurance...
11 July 2022
Scrutiny of broker remuneration and heat over commission payments and transparency was always going to rise this year as the Government’s Quality of Advice review commenced and various parties faced off from familiar corners...
04 July 2022
When the Morrison government announced in February that its upcoming cyclone reinsurance pool would provide premium savings of up to 50% and more, there was widespread scepticism across the insurance industry...
27 June 2022
Insurers have been at the vanguard of calls to “build back better” after Australia’s record-breaking floods catastrophe – and rightly so...
20 June 2022
Covid-19 dominated much of the world’s attention in the last few years, until this February when Russian President Vladimir Putin ordered a “special military operation” in neighbouring Ukraine...
06 June 2022
A series of obstacles have constrained insurers as they battle half a million claims from a string of some of the worst catastrophes ever experienced in Australia...
30 May 2022
Readers of the insuranceNEWS.com.au Daily news service will know that we provide regular summaries of key general insurance industry dispute rulings...
23 May 2022
As Labor’s Anthony Albanese was sworn in as Australia’s 31st Prime Minister, insurance professionals might have been wondering what the change of government means for the industry...
16 May 2022
The growing problem of income inequality is having a significant impact on insurance protection levels, and insurers can play a key role in solutions, Swiss Re says in a new Sigma study...
09 May 2022
The “uninsurable nation” tagline to the Climate Council’s latest report on such issues has raised some hackles within the industry...
02 May 2022
After years of inflation in the doldrums and falling interest rates reducing insurer investment earnings on premium income, the environment is changing in a hurry...
26 April 2022
Cyber extortion has debuted for the first time on the list of most pressing worries for Australian executives, adding to closely aligned fear of cyber attack and data loss which have taken out the top two spots for the third year running in the annual Directors’ Liability Survey from Willis Towers Watson and law firm Clyde & Co...
11 April 2022
Australia’s general insurance industry made a strong financial comeback last year, after unprecedented pressures caused by the 2019/20 Black Summer bushfires and the covid pandemic, KPMG says in a new report...