Daily

Acquisitions keep PSC growing

02 November 2018

PSC Insurance Group is continuing its expansion program with new acquisitions that boost its offering in workers’ compensation services and life cover...

New product laws ‘could disrupt renewals’

01 November 2018

Proposed laws aimed at preventing financial product mis-selling could require the re-collection of policy information at each renewal, adding millions of dollars to costs and raising premiums...

UK launches insurance pricing probe

01 November 2018

The UK regulator will investigate home and motor insurance pricing practices after a preliminary review highlighted a range of problems…

Reinsurance pricing not budging just yet

31 October 2018

The Australian reinsurance market remains very much in buyers’ favour despite the string of natural disasters that hit the Asia-Pacific region in the last few months, reinsurance broker Guy Carpenter says...

Genetic testing: Life industry changes tack

31 October 2018

After years of hanging tough on genetic testing, life insurers are set to make dramatic changes to the way they deal with the highly controversial issue...

Royal commission fallout: Fintechs ready to pounce

30 October 2018

Australia’s flourishing fintech sector sees an opportunity to make further inroads as their long-established rivals focus on overcoming misconduct issues uncovered by the royal commission...

We failed customers over add-ons, says IAG

26 October 2018

IAG could have acted earlier after realising add-on cover sold by its Swann subsidiary was not meeting the needs of customers, Chairman Elizabeth Bryan said today...

Farewell AMP, an insurer no more

26 October 2018

Once the giant of insurance in Australia and New Zealand, AMP has exited the sector altogether with the sale of its life business to international insurer Resolution Life for $3.3 billion...

TV program’s criticism absurd, says ICA

25 October 2018

Insurers today rejected suggestions the industry has focussed on maintenance issues and wear and tear to avoid paying claims for homes damaged in Cyclone Debbie in March last year...

First-home buyers boost LMI market

25 October 2018

QBE’s annual housing outlook paints a mixed picture, as Sydney and Melbourne see a correction but other parts of the country head into strong growth...