Intermediary premium holds steady
10 September 2018
Insurance intermediaries invoiced $10.4 billion of premium in the half-year to June 30, the Australian Prudential Regulation Authority says…
Local
Experts predict severe bushfire season
10 September 2018
Most of Australia’s east coast will experience above-normal fire risk this summer, as the region continues to suffer drought…
Privacy, sexual misconduct pose D&O risks
10 September 2018
Privacy breaches and sexual misconduct revelations may trigger more directors’ and officers’ claims in Australia if US trends are followed, management liability specialist Kevin LaCroix says…
NZ SMEs shift towards online buying
10 September 2018
New Zealand SMEs are “increasingly comfortable” seeking insurance online, according to the latest Vero research…
Spending figures reveal NZ coverage gap
10 September 2018
New Zealand spends only 2.5% of GDP on insurance, according to the Commission for Financial Capability…
Get with the program, brokers told
10 September 2018
Brokers have been urged to develop a basic understanding of programming as smart contracts spread through the insurance industry…
Hayne hearings tipped to focus on claims
03 September 2018
Consumer groups and industry commentators expect the Hayne royal commission’s insurance hearings to focus strongly on claims…
Allianz completes ANZIIF award hat-trick
03 September 2018
Allianz has been crowned large general insurance company of the year for the third year in a row at the Australian Insurance Industry Awards…
Bureau warns of worsening bushfire risk
03 September 2018
The Bureau of Meteorology has released its spring outlook, with warmer and drier than average conditions expected across much of Australia…
Class action fear spreads to NZ D&O market
03 September 2018
The directors’ and officers’ insurance market in New Zealand is experiencing premium increases of 10-50% as a surge in class actions in Australia spreads fear, according to a new Willis Towers Watson report…
Complaints to FOS rise 5%
03 September 2018
The number of general insurance disputes lodged with the Financial Ombudsman Service in the June quarter increased 5.3% to 3552…
Benign weather buoys industry profit
27 August 2018
The industry recorded a 23.9% rise in net profit to $3.8 billion for the year to June 30, latest Australian Prudential Regulation Authority data shows…
Committee tells brokers to lift breach oversight
27 August 2018
Brokers have been urged to step up efforts to identify and report breaches of the Insurance Brokers Code of Practice…
Fire chiefs warn over extended season
27 August 2018
Extended wildfire seasons across the globe could cause major problems in Australia, experts have warned…
EQC restructures to improve claims
27 August 2018
New Zealand’s Earthquake Commission has made changes to its leadership and organisational structures, to improve the claims process…
Kaikoura quake caused ‘unusual’ rupture
27 August 2018
The Kaikoura earthquake shook the ground more than most other known quakes, new research has shown…
Weather patterns point to greater drought risk
20 August 2018
Indian Ocean temperature patterns may worsen any southern Australian rainfall shortages caused by an El Nino climate event this year…
NSW battles winter bushfires
20 August 2018
NSW firefighters have been tackling about 80 bushfires across the drought-afflicted state, and experts warn there could be worse to come…
Aon urged to drop NZ fee impasse
20 August 2018
Aon New Zealand continues to sit outside the broking industry’s peak body, the Insurance Brokers Association of New Zealand, in a long-running dispute over a membership fee increase…
Hayne commission highlights trust challenge: PwC
20 August 2018
Insurers have been urged to improve culture and conduct as the Hayne royal commission continues to expose bad behaviour in the financial services sector…