31 July 2020
Insurers are stepping up insurtech collaborations but only half the sector believes enough is being done to drive digital innovation across the industry through partnerships, a report has found...
30 July 2020
The Insurance Council of Australia has agreed to file a business interruption test case seeking a ruling on outdated policy wordings that have been described as potentially “one of the biggest drafting blunders in history”...
30 July 2020
Suncorp has announced the merger of its Commercial and Intermediary Distribution teams as the implications of a new operating model revealed earlier this month work their way through the business...
30 July 2020
Swiss Re announced today that Sharon Ooi, who is presently Head of Property and Casualty Underwriting APAC based in Singapore, will start in September as the Sydney-based Head of its Australia and New Zealand operations...
30 July 2020
The Insurance Council of Australia has appointed Westpac GM Insurance Sue Houghton as President after she took over the role on an interim basis at the start of the month...
29 July 2020
Peak employer body Ai Group has today pushed for stronger class action laws to address the soaring cost of directors’ and officers’ insurance, which in some extreme cases has increased by 600% based on Marsh estimates...
29 July 2020
A class action has been filed in the Federal Court against AMP Financial Planning after it terminated the business of hundreds of advisers and almost halved acquisition terms...
29 July 2020
The Australian Financial Complaints Authority has made determinations against Allianz following two complaints about add-on insurance sold through car dealerships, highlighting issues around the use of medical records and high-pressure sales tactics...
29 July 2020
A new measure of disaster resilience illustrates how capacity to withstand natural disasters differs between Australian communities, helping insurers and other stakeholders tackle bushfires, floods, storms and earthquakes...
28 July 2020
The Australian Small Business and Family Enterprise Ombudsman has called an inquiry into insurance practices affecting SMEs after receiving complaints about soaring premiums, difficulty obtaining cover and poor behaviour...
28 July 2020
NSW state insurer icare has rejected "misleading and inaccurate" claims about the performance of its workers’ compensation scheme and says it has worked tirelessly since it started five years ago to transform a broken system...
28 July 2020
The insurance industry has defended its push for more oversight of litigation funders after key players appeared before a parliamentary inquiry into the class action system...
28 July 2020
IAG MD and CEO Peter Harmer says more than $88 million in Government funding for “critical research” into bushfires and natural hazards will help the nation take necessary action to make communities safer...
24 July 2020
IAG has flagged insurance margins for the 2019/20 financial year will fall short of its 12.5-14.5% guidance, as earnings take a huge hit from adverse natural perils, prior period reserving and credit spread factors...
24 July 2020
The Municipal Association of Victoria says all local governments in the state are participating in its mutual insurance scheme this financial year, with some returning after finding it tough to acquire cover in the wider market...
24 July 2020
Companies recognised by the Mansfield Awards for claims excellence have paid tribute to their staff who delivered during a challenging period dominated by natural catastrophes and the COVID-19 pandemic...
24 July 2020
The Bushfire and Natural Hazards Co-operative Research Centre has secured its future with a decade of public funding which the government says will herald a new era of natural hazards research and deliver real outcomes...
23 July 2020
The Financial Conduct Authority has fired its opening salvo in its business interruption test case against QBE and seven other insurers in the UK High Court...
23 July 2020
Customer mapping technology developed in-house by QBE after last year's floods in North Queensland was applied to the insurer’s bushfire strategy this year, helping deliver its most efficient natural disaster response yet...
23 July 2020
Melbourne-based claims management specialist LMI Group is aiming to grow its insurance education business, following its acquisition of Financial Services School this month...