Australia shows way on risk management
23 September 2013
Australian insurers lead the Asia-Pacific region in advanced risk management practices, aided by the country’s strong regulatory system, according to a report by Standard & Poor’s…
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Allianz settles Queensland flood dispute
23 September 2013
Allianz will not appeal against a Queensland Supreme Court decision concerning a flooded Brisbane business, after reaching a settlement with the claimant…
Risk ratings dip as councils feed flood database
23 September 2013
Efforts to improve flood information for insurance pricing are gathering pace, as more local governments contribute to the National Flood Information Database…
Cyclone researchers review building resistance
23 September 2013
Queensland’s Cyclone Testing Station is assessing ways to improve older buildings’ storm resistance…
Global trends create opportunity: Aon Benfield
23 September 2013
Vehicle safety initiatives, increasing urbanisation, low interest rates and longevity are the key global trends creating opportunities for insurers, the Aon Benfield Hazards Conference has heard…
Canterbury insurers pay $4 million a day
23 September 2013
Insurers are now settling $NZ4.7 million ($4.13 million) a day in Canterbury residential claims, according to the Insurance Council of New Zealand…
Car thefts drop to lowest in decades
23 September 2013
Passenger and light commercial vehicle thefts have fallen to their lowest level in more than 30 years following a police crackdown…
Builder groups attack WA warranty reforms
23 September 2013
Proposed builders’ warranty insurance reforms in WA will not solve market problems, according to trade groups…
WA commission to take slice of Bell settlement
23 September 2013
The Insurance Commission of WA will share in a multibillion-dollar payout after the settlement of long-running litigation over the collapse of Alan Bond’s Bell Group…
Join with brokers to fight online platforms, underwriters told
16 September 2013
Underwriters can help counter the threat from online insurance platforms by cultivating stronger relationships with brokers, the Australian Professional Indemnity Group’s recent national conference…
Shopping online becomes the mainstream choice
16 September 2013
A growing number of consumers consider the internet an essential tool for selecting insurance, according to a study by Roy Morgan Research…
Real-time GIS ‘will transform industry’
16 September 2013
Insurers could achieve huge business benefits by using real-time geographic information systems, an industry expert says…
Bogus NZ insurer has criminal links
16 September 2013
A New Zealand-based general insurer that was banned last week by the UK Financial Conduct Authority has been linked to activities including international fraud scams and money-laundering…
Fire experts forecast increased risk
16 September 2013
Large parts of southern Australia face above-average fire risk this season, according to the Bushfire Co-operative Research Centre…
NZ storm costs reach $40 million
16 September 2013
Storms that flooded parts of New Zealand’s Nelson and Bay of Plenty regions in April led to insured damage of $NZ46.2 million ($40 million), according to the Insurance Council of New Zealand…
Cook Strait quakes pass 9000 claims
16 September 2013
New Zealand’s Earthquake Commission has now received 9121 claims relating to the recent Cook Strait tremors…
Intermediaries’ half-year premium tops $8.5 billion
09 September 2013
Brokers and other general insurance intermediaries invoiced $8.5 billion in premium in the six months to June 30, up 6.5% on the first half of last year…
FOS review seeks submissions
09 September 2013
The Financial Ombudsman Service has engaged governance advisory group Cameron Ralph/Navigator to conduct an independent review of the organisation…
ICA hits back at ‘excessive’ premium stories
09 September 2013
The Insurance Council of Australia has rejected “inaccurate” media reports about excessive home contents premium rises, arguing claims have spiralled in recent years…
Researchers call for new bushfire risk strategy
09 September 2013
A study into the Black Saturday bushfires has revealed a need to rethink risk strategies…