Daily
Ignorance abroad: Travellers casual about cover
23 November 2018
The insurance industry is “increasingly concerned” for Australian tourists following the publication of a survey which shows many are complacent about travel insurance...
Local market leads the world in commercial premium rises
22 November 2018
Australia’s commercial insurance market was the world leader for premium rises in the third quarter, according to global broker Marsh...
Internet of Things could cut claims, says Lloyd’s
22 November 2018
The major expansion of data capture brought about by the growth of the Internet of Things could reduce the number of insurance claims and premiums, according to new Lloyd’s research...
Insurers’ profits up 28% as premiums firm
22 November 2018
Insurers and reinsurers produced a combined $3.9 billion net profit in the year to September, up 28% on the previous 12 months as underwriting results and investment income improved...
Industry fumes as Fels attacks ‘loyalty tax’
21 November 2018
Strident insurance critic Allan Fels has accused home and contents insurers of imposing a “loyalty tax” on long-term policyholders – stirring angry industry reactions...
Liberty Mutual drops Ironshore brand in specialty merger
21 November 2018
Some 16 months after buying global specialty underwriter Ironshore, Liberty Mutual is merging the local Ironshore operation into a combined commercial specialty lines business...
Personally, NZ insurers are bad at keeping secrets
21 November 2018
New Zealand’s financial services sector is deficient in protecting customers from internal breaches of personal information, according to New Zealand Privacy Commissioner John Edwards...
CBA delayed action over consumer credit insurance failures
20 November 2018
The Hayne royal commission has heard how the Commonwealth Bank continued to sell consumer credit insurance products for years after concerns were raised...
Kiwis fear insurance retreat from high risks
20 November 2018
New Zealanders are becoming increasingly concerned that insurers may withdraw cover from high-risk areas as the impact of climate change intensifies...
CEOs take the pledge – zero tolerance for harassment
20 November 2018
Executives from some of Australia’s leading insurance groups have pledged an “unwavering commitment” to creating diverse, inclusive workplaces...
QBE chief explains staffing restructure
16 November 2018
QBE has outlined the thinking behind a strategic reshuffle that resulted in dozens of managerial roles being made redundant...
Brokers still have room to improve on complaints
16 November 2018
Brokers have made little progress improving complaints processes, the industry’s Code Compliance Committee says...
Royal commission ‘should be extended'
16 November 2018
A Senate committee report into consumer protection in financial services has called for more time for the Hayne royal commission...
Strawberry crisis sparks a rush for cover
15 November 2018
The needles-in-strawberries crisis has caused a “massive” jump in demand for product recall covers from food producers…
Record claims losses loom as California blazes
15 November 2018
Australia has lessons to learn from this week’s devastating California bushfires, which have already caused losses estimated at more than $8 billion...
New risks, new worries as protection gap grows
15 November 2018
Businesses have been warned they may face a rising protection gap as technology and globalisation increase the potential for disruption and new risks emerge…
Merger taking shape: JLT brand survives
14 November 2018
Marsh-JLT Specialty will be the new name for the combined global specialty business formed once Marsh & McLennan finalises the takeover of its London-based rival...
Gender pay gap: Insurance still on top
14 November 2018
The financial and insurance services sector remains the worst offender when it comes to gender pay inequalities, latest figures from the Workplace Gender Equality Agency’s scorecard show...
IAG, QBE join key UN climate group
14 November 2018
IAG and QBE have joined 14 other insurers from around the world in a UN initiative to better understand climate change impacts on their business...
2019 will be a volatile year, says AUB
13 November 2018
The Hayne royal commission’s findings and the upcoming federal election will contribute to a volatile 2019, AUB Group Chairman David Clarke warned today...