Driverless cars loom closer on the horizon
27 July 2015
Insurance companies will watch with interest as several initiatives in SA bring driverless cars closer to our roads…
Local
Canterbury residential rebuild passes halfway
27 July 2015
Residential reconstruction following the devastating Canterbury earthquakes is half-complete, according to a Westpac New Zealand economic update…
UK warns of rising terror threat in Australia
20 July 2015
The UK Foreign Office now ranks the terror threat in Australia as high – the same as in war-torn nations such as Afghanistan and Iraq…
General insurers present low risk: S&P
20 July 2015
Standard & Poor’s has affirmed its industry and country risk rating for Australia’s general insurance sector as “low”…
Personal lines premiums flat: Morgan Stanley
20 July 2015
New business pricing in personal lines remained relatively flat over the June quarter, according to Morgan Stanley’s proprietary index…
Reinsurance rates to fall further: Guy Carpenter
20 July 2015
Reinsurance rates in Australia are set to fall further as a result of mergers in the sector, says Guy Carpenter…
Reforms keep lid on workers’ comp rates
20 July 2015
Workers’ compensation rates are lower or stable in most states and territories this financial year, according to actuarial and management consulting firm Finity…
ICA referral service hits search milestone
20 July 2015
The Insurance Council of Australia’s online referral tool for consumers has generated 3 million searches and 98,000 phone enquiries since it went live three years ago…
Record floods cost NZ insurers $25 million
20 July 2015
New Zealand appears on course for a year of reasonably high insurance losses from weather events…
Car thieves target homes
20 July 2015
Most car thefts in Australia stem from house break-ins, according to the National Motor Vehicle Theft Reduction Council…
DIY blazes spark insurance warning
20 July 2015
A spate of fires linked to do-it-yourself home renovations has prompted warnings that insurers may not pay out for damage caused by faulty workmanship…
North Australia faces heightened fire risk
13 July 2015
Parts of northern Australia from Queensland to WA face a higher bushfire risk this year as the El Nino effect strengthens, according to a report from the Bushfire and Natural Hazards Co-operative Research Centre…
Insurer growth to pick up over next five years: report
13 July 2015
Australian general insurers’ growth rate should rise over the next five years, according to analyst Ibisworld…
Tropical cyclones feed El Nino
13 July 2015
Tropical cyclones, including the rare southern hemisphere event Cyclone Raquel, have caused the current El Nino to strengthen…
Storms shake up renewals in Australia: Guy Carpenter
13 July 2015
Storm and hail losses in the first half affected July 1 renewals for insurers and reinsurers in Australia and New Zealand, according to Guy Carpenter…
Church insurer ordered to produce abuse files
13 July 2015
The Royal Commission into Institutional Responses to Child Sexual Abuse has ordered Catholic Church Insurance to produce files from its investigations into claims by Friday…
Flood mapping delivers for consumers
13 July 2015
Insurance premiums are starting to fall as flood mapping improves…
Cat losses hit Australian reinsurer programs: Willis Re
06 July 2015
Significant loss activity has affected catastrophe programs, aggregate cover and insurers’ retained natural peril budgets in Australia, according to Willis Re’s latest report on reinsurance rates…
Underwriting agencies look to strengthen channel relationships
06 July 2015
Many underwriting agencies are “going on the offensive” to combat soft market conditions, collaborating more with insurers and brokers, according to Underwriting Agencies Council GM William Legge…
ICA taskforce aims to improve product disclosure
06 July 2015
The Insurance Council of Australia has set up a taskforce to help improve the presentation and communication of product disclosure statements…