Property owners ‘left in dark’ over cladding
28 August 2017
Apartment owners affected by flammable aluminium building cladding have been ignored, according to the organisers of a safety forum…
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Insurers visit Whitsundays to discuss Debbie claims
28 August 2017
The Insurance Council of Australia and key insurers will be in the Whitsundays region on September 8-10 to help policyholders with claims issues relating to Cyclone Debbie…
Industry records 7% profit gain
21 August 2017
(Re)insurers’ combined after-tax net profit grew 7.2% to $3.1 billion in the year to June 30, partly driven by higher underwriting income and gross written premium, according to Australian Prudential Regulation Authority industry figures…
Brokers urged to pitch in on innovation
21 August 2017
A new scheme to help bring brokers’ business ideas to life is about countering the market influence of disruptors rather than a money-making exercise, according to the man who conceived it…
Rising crime drives up Victorian premiums
21 August 2017
A surge in vehicle crime and home break-in figures in Victoria has pushed up insurance premiums more quickly than in other states, according to analysis by the Insurance Council of Australia…
Co-operation central to building cyber resilience
21 August 2017
Australia’s financial services regulators and their Asia-Pacific counterparts must work more closely together to deal effectively with cyber attacks, according to Deloitte…
EQC to settle most Kaikoura quake claims this year
21 August 2017
The Earthquake Commission says it is on track to settle most of the 38,000 Kaikoura earthquake residential claims by the end of the year…
NZ quake claimants urged to seek time limit advice
21 August 2017
Canterbury residents should contact their insurers if they are unsure how laws putting a time limit on legal action may affect outstanding 2010/11 earthquake claims, the Insurance Council of New Zealand says…
Senate inquiry backs disaster mitigation spending
14 August 2017
The Senate inquiry into the general insurance industry has come out strongly in favour of increased disaster mitigation spending…
Local insurtech lags amid digital surge
14 August 2017
Insurtech in Australia and New Zealand is being left behind in the rush towards fintech innovation, according to a report by KPMG and business lobby the Committee for Sydney…
Census data shows growth in at-risk housing
14 August 2017
Australians are continuing to build homes near the coast despite the increasing likelihood of natural disasters, according to new research…
Contents replacement costs ease despite gadget demand
14 August 2017
The cost of replacing household goods has eased slightly despite rising demand for electronic items, according to the Sum Insured Australian Residential Contents Index…
Technology, competition concern NZ insurers
14 August 2017
Change management, technology and competition top the list of risks New Zealand insurers face, according to a PricewaterhouseCoopers survey…
Pedigree pooches come at a premium
14 August 2017
The number of Australians taking out pet insurance has risen 8% since 2013, due in part to our love of pedigree dogs predisposed to costly medical conditions, according to comparison website finder.com.au…
In Insurance News (the magazine) this month
14 August 2017
Do premium rises in the June renewals season indicate the market has turned the corner? The industry’s most popular print publication, Insurance News (the magazine), has the answers in its latest edition, which will be posted out to subscribers over the next week…
Insurers ‘must act’ on insurtechs
07 August 2017
There is a growing realisation among insurers that they must combat the threat of insurtech disruptors, according to a report from technology services provider TAS…
ICA flood database review in final stages
07 August 2017
The Insurance Council of Australia is finalising a review of the latest version of the National Flood Information Database, with figures showing about 20% of addresses have a flood exposure…
Wollongong votes against free ICA access to flood data
07 August 2017
Wollongong City Council has voted against freely providing its flood data to the Insurance Council of Australia…
NZ buildings ‘could face cladding risk’
07 August 2017
High-rise buildings in New Zealand could be exposed to the flammable cladding risk that has been highlighted in Australia and worldwide, the Insurance Council of New Zealand says…
Multi-fault quakes more common than thought
07 August 2017
Complex multi-fault earthquakes may be more common than previously thought, based on a review of data by New Zealand researchers following last year’s Kaikoura catastrophe…