ICA comes out fighting over bank-based reforms
08 November 2018
Another day, another raft of submissions published by the Hayne royal commission...
Daily
10 years of trouble: insurers list their sins
07 November 2018
The Hayne royal commission today published detailed “initial request” submissions provided by financial services companies before the hearings began...
Choice targets insurance calculators
07 November 2018
Consumer group Choice has examined the effectiveness of online insurance calculators designed to prevent consumers underinsuring their homes...
AUB unveils Adroit acquisition
07 November 2018
AUB Group today announced an agreement to acquire a majority stake in Victoria-based brokerage Adroit Insurance & Risk...
Royal commission passes on general insurance
06 November 2018
General insurance companies won’t be appearing before the Hayne royal commission’s final round of hearings starting on November 19...
Stamp duties: report backs axing of ‘destructive’ insurance taxes
06 November 2018
Insurance stamp duties are “economically destructive” and should be replaced with a broad-based property levy, the Grattan Institute says...
WA coast tops updated tsunami risk data
06 November 2018
The northwest coast of Australia is the country’s most vulnerable hotspot for tsunamis, according to new data from GeoScience Australia...
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...
Renewal apathy: three quarters don’t review cover
02 November 2018
More than three-quarters of general insurance customers renew their policies each year without considering what’s available – or the price – from other insurers...
Cyclone season: Complacency raises storm stakes
02 November 2018
Residents seriously underestimate the damage cyclones can do, according to new research released by Suncorp as the cyclone season gets under way...
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...
Farewell FOS: AFCA pledges to restore trust
01 November 2018
A new financial services dispute resolution one-stop shop was launched today, pledging to take a lead in raising industry standards…
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…
Industry ‘must take responsibility for failures’
31 October 2018
Companies must do more to prevent the kind of misconduct flagged by the Hayne royal commission, the Australian Prudential Regulation Authority says...
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...
Perth, Wellington, Bali make 1-in-100 disaster list
30 October 2018
An intense cyclone hitting Perth and a massive volcanic explosion covering Bali and Lombok with thick ash are among one-in-100 year Asia-Pacific catastrophes highlighted...
Don’t group brokers with problem-makers, says NIBA
30 October 2018
Insurance brokers should not be “tarred with the same brush” as financial services sectors exposed at the Hayne royal commission, the National Insurance Brokers Association says...
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...