More small businesses consider cyber cover
31 October 2016
Nearly 20% of Australian small businesses plan to buy cyber insurance next year, up from 14% with the cover now, according to technology company Symantec…
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No substitute for personal customer service, Allianz says
31 October 2016
Customer service remains an integral part of an insurer’s business despite the industry undergoing a digital transformation, Allianz Chief GM Broker & Agency David Hosking says…
Insurance the culprit as FOS complaints rise
31 October 2016
The Financial Ombudsman Service says general insurance matters have driven up dispute numbers over the past six months…
A NOTE FROM THE PUBLISHER
31 October 2016
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Industry ‘waking up to value of insurtech investments’
24 October 2016
About 80% of general and life insurers worldwide will have either partnered with or acquired insurtechs by the end of 2018, according to researcher Gartner…
Tech rivals to test insurer loyalty, study shows
24 October 2016
Strong brand loyalty among insurance-buyers will not protect leading Australian and New Zealand insurers from high-profile rivals entering the industry, a study warns.
QBE ready for claims after builder collapses
24 October 2016
QBE has started receiving insurance enquiries from residential property owners hit by the collapse of Senator Bob Day’s building company Home Australia…
Insurance benefits lost on many young travellers
24 October 2016
A survey has revealed a major gap in the travel insurance market, showing 8% of Australian adult travellers – 850,000 people – took their last overseas trip without cover…
Insurers have vital role on climate change: ICNZ
24 October 2016
The industry must change the way it views and prices risk amid rising sea levels and other consequences of global warming, according to the Insurance Council of New Zealand…
Marsh expects mining insurance sector to remain soft
24 October 2016
The global market for mining risks has softened for the fifth year in a row, but its pace has slowed in the past six months, according to a Marsh report…
Correction:
24 October 2016
In the latest edition of Insurance News (the magazine) a caption in an article on AKD Softwoods incorrectly named broker Peter Rothstadt as an employee of Marsh. Mr Rothstadt is, in fact, the Manager Corporate Victoria at Arthur J Gallagher.
Australian businesses underinsured: Swiss Re
17 October 2016
Australian businesses are underinsured compared with their US and UK counterparts, a new report from Swiss Re says…
No let-up in pricing pressures: KPMG
17 October 2016
Insurers will struggle to raise premiums as the tough operating conditions that have depressed margins in the past few years show no signs of easing, KPMG says…
Above-average cyclone season looms
17 October 2016
Insurers should brace for an above-average cyclone season due to weakening La Nina conditions in the Pacific Ocean and warmer than average sea temperatures to the north and east, according to the Bureau of Meteorology…
Ocean trends suggest wet weather to continue
17 October 2016
Two climate drivers monitored by the Bureau of Meteorology suggest little change to the rainy weather pattern that delivered Australia’s wettest May-September on record…
Industry taking steps to bridge trust gap: ICA
17 October 2016
Insurers are working hard to improve public confidence in the industry, which suffers a “trust gap” that is magnified when natural disasters strike, Insurance Council of Australia CEO Rob Whelan says…
ACSC calls on businesses to report cyber threats
17 October 2016
The Australian Cyber Security Centre has urged private businesses to report threats, despite reluctance among some companies to involve the Government…
Industry confidence dips
17 October 2016
The insurance and finance sector’s confidence fell 18 points to +40 on the Sensis Business Index in the September quarter, weighed down by concerns about tougher operating conditions…
Industry faces unprecedented ‘risk revolution’
17 October 2016
Technological advances and rapidly evolving risk have combined to create a period of unprecedented change for the insurance industry, according to Aon…
Brokers don’t understand terror pool: Booth
10 October 2016
Insurance brokers “have no idea” how the Australian Reinsurance Pool Corporation works, a major conference in Canberra was told last week…