NSW urged to act on flammable cladding threat
14 September 2015
Concerns have been raised over the potential dangers of flammable cladding on Sydney’s high-rise apartments…
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Industry supplying most ARs, brokers say
14 September 2015
Brokerages building authorised representative businesses are finding “more than enough” potential recruits from inside the industry, according to Reliance Partners Managing Partner David Wyner…
Civic Assurance enters mediation over Canterbury stadium
14 September 2015
Christchurch City Council and its insurer Civic Assurance have entered mediation to resolve the council’s $NZ900 million earthquake insurance claim…
Ombudsman hails new dispute resolution system
14 September 2015
The Financial Ombudsman Service says its new “fast, efficient and fair” dispute resolution process is working well…
Demand grows for catastrophe models: Aon Benfield
14 September 2015
Australian insurers’ demand for catastrophe models will increase as companies try to gain a competitive edge in the shift to risk-based pricing, reinsurance broker Aon Benfield says…
M&A trend fuels transactional risk cover demand: Marsh
14 September 2015
Demand for transactional risk insurance is rising in Asia-Pacific as mergers and acquisitions ramp up, according to Marsh…
Softer market reflected in brokers’ statistics
07 September 2015
General insurance intermediaries invoiced $8.71 billion in premium in the six months to June 30, with all but 17% placed with licensed insurers, according to latest statistics from the Australian Prudential Regulation Authority…
Experts predict severe bushfire season
07 September 2015
Large areas of NSW, Victoria, southern Queensland and WA face above-normal bushfire risk this summer, according to the Bushfire and Natural Hazards Co-operative Research Centre…
Man-made perils pose biggest threat: Lloyd’s
07 September 2015
Man-made and natural disasters could cost Australia’s six biggest cities $US81.06 billion in GDP over the next decade, according to Lloyd’s…
New world ‘will make winners and losers’
07 September 2015
Insurers must grasp new opportunities in a rapidly changing world, or risk ending up on the scrapheap, says Berkshire Hathaway Specialty Insurance Australasia President Chris Colahan…
El Nino grows to second-strongest on record
07 September 2015
The current El Nino is now the strongest since the 1997/98 record event, according to the Bureau of Meteorology…
Australian risk management regime sets benchmark: Willis
07 September 2015
Australia and New Zealand have catastrophe-tested prudential standards that other nations can learn from, according to Willis Group…
Report lifts lid on premium funding
07 September 2015
One in three commercial premiums is funded, but the $4 billion premium funding market isn’t being given the attention it deserves, a new study of the sector and brokers says…
Research uncovers massive NZ quake risk
07 September 2015
New Zealand’s largest and longest geological fault line has a “high probability” of rupturing in the next 50 years, producing “one of the biggest earthquakes since European settlement”, according to a new report…
Canstar names top travel insurers
07 September 2015
Southern Cross Travel Insurance and InsureandGo have shared this year’s Canstar “outstanding value” award in the international travel insurance category…
Technology stokes insurers’ fears
31 August 2015
Cyber risk, political interference and macroeconomic volatility are among the main sources of anxiety for Australian insurers, a survey by PricewaterhouseCoopers and the UK-based Centre for Financial Innovation shows…
NSW at risk amid ‘massive underinvestment’ in flood mitigation
31 August 2015
Floods last week show NSW does not receive enough funding for mitigation, according to Floodplain Management Australia President Ian Dinham…
Court rules against insurers in NSW bushfire case
31 August 2015
Insurers are likely to amend policy wordings following a court decision regarding the Blue Mountains bushfire class actions, according to law firm Clayton Utz…
Hospitals face flammable cladding fears
31 August 2015
The Victorian Building Authority says two Melbourne hospitals have used non-compliant building cladding in construction…
NIBA promotes advice on strata cover
31 August 2015
The National Insurance Brokers Association has produced a guide to help strata committees and unit owners pick the right strata cover…