Daily
China, India offer 'wild ride' opportunities for insurers
23 October 2019
China and India and other emerging economies offer “wild ride” opportunities for insurers as growth in mature markets such as Australia stagnates, law firm Sparke Helmore says...
No relief for loss-making financial lines
22 October 2019
The troubled financial lines segment is likely to continue to struggle, dogged mainly by high losses linked to the worsening class action environment, Finity says today in its annual state of the industry assessment...
Report raises hopes for insurance tax reform
22 October 2019
A review of NSW state funding has resurrected industry hopes for the abolition of inefficient insurance taxes...
Vero risk tool promotes brokers as trusted advisers
22 October 2019
Vero says a Risk Profiler tool it has launched will help brokers assist their clients and contribute to building stronger relationships with SMEs as trusted advisers...
Dual fraudsters jailed after 'concoction of lies'
18 October 2019
Former Dual Australia claims manager Josie Gonzalez was the mastermind behind a $17.4 million fraud that could have destroyed the underwriting business, County Court of Victoria Judge Paul Lacava said today before sending her to jail...
At last: mitigation gets a $50 million boost
18 October 2019
Insurers have welcomed Canberra’s move to set aside $50 million a year for flood levees, seawalls and other mitigation works aimed at improving natural disaster resilience...
MGA announces latest acquisition
18 October 2019
Adelaide-based MGA Insurance Brokers has added another business to its network, taking its total number of offices around Australia to 40...
IAG sells its India stake as Asia retreat continues
17 October 2019
IAG has reached agreement to sell its 26% stake in the SBI General joint venture in India for more than $640 million as the insurer continues to wind back its presence in Asia...
Hayne has led to closer collaboration, say fintechs
17 October 2019
Australia’s fintechs believe relationships with insurers have improved since the Hayne royal commission, a new survey has found...
Life insurers warned: fix TPD cover or ASIC will
17 October 2019
Life insurers have been told by the corporate regulator to fix shoddily designed total and permanent disability (TPD) insurance products and deal with unsatisfactory claims practices or face having changes imposed on them...
ICA warns parts of Australia 'could become uninsurable'
16 October 2019
Climate change could lead to parts of the country becoming uninsurable, the Insurance Council of Australia has warned...
icare releases claims performance data
16 October 2019
NSW state insurer icare has released workers’ compensation claims performance data as it aims to increase transparency...
AAMI Crash Index reveals worst accident blackspots
16 October 2019
Nine of Australia’s ten worst car crash locations were in Melbourne last financial year, an annual analysis of AAMI motor accident claims shows...
Code grows teeth with $100,000 deterrent
15 October 2019
The revised General Insurance Code of Practice is set to introduce a $100,000 punishment for “significant breaches”...
'Necessary but not sufficient': disclosure regime under fire
15 October 2019
Mandatory disclosure laws designed to protect and help consumers make informed choices have failed to produce the intended results, a study by the Australian Securities and Investments Commission says...
Victoria vows to bring dodgy builders to court
15 October 2019
The Victorian Government has pledged to pursue “dodgy building practitioners” through the courts on behalf of owners of apartments covered in combustible cladding...
Complaints handling: brokers urged to do better
11 October 2019
Brokers are taking too long to manage client disputes, their independent Code Compliance Committee says today in a report examining the internal complaint handling process...
Cladding removal alternatives 'not satisfying insurers'
11 October 2019
Building owners seeking to reduce the cost of fixing cladding problems are finding enhanced fire prevention systems and other “performance solutions” are not satisfying insurers, a Sedgwick executive says...
Where's Allan? ESL Monitor's reports still missing
11 October 2019
Quarterly reports from NSW Emergency Services Levy Monitor Allan Fels have been hidden from public view for a year...
Simplistic and misleading: industry hits back at attack on pet insurance
10 October 2019
Declarations by consumer group Choice that pet insurance is “shonky” and “worthless” are overly simplistic and don’t match the facts, the Insurance Council of Australia says...