Brough wants to see more rate reductions
16 August 2005
Despite the release of two separate reports showing premium drops in public liability and professional indemnity, the Federal Government still wants to see further rate reductions…
Local
Flood data shortage denied
16 August 2005
Insurers already have sufficient information available to accurately measure flood risk in Australia, says natural hazards expert Russell Blong…
The insurers get their heads up
16 August 2005
The past five years have been busy ones for the insurance companies – HIH, rates and regulatory reform are just a few of the issues they’ve had to deal with…
ACCC approves IAG’s smash repairer scheme
16 August 2005
Despite ongoing criticisms of insurers’ use of preferred smash repairer schemes by the motor industry, the ACCC has given a thumbs-up to most aspects of the scheme being run…
State taxes blamed for underinsurance
16 August 2005
State governments are to blame for much of Australia’s underinsurance problem, according to ICA Executive Director Alan Mason…
Insurance pumps up economy
16 August 2005
State and territory governments collected $3.2 billion in taxes from insurance policyholders in 2003/04 – an increase of 51% over the past five years…
APRA awards scholarships
16 August 2005
APRA has awarded four student scholarships under the Brian Gray Scholarship Program to students studying a topic of relevance to prudential regulation…
BrokerCentral achieves compliance
16 August 2005
Technology provider InsuranceConnect has announced their broking system, BrokerCentral, has achieved compliance with the Sunrise® Exchange Expert interface…
Expect plenty of M&A activity, says expert
09 August 2005
One of the challenges for Australian insurers in a softening market is to find growth opportunities, but Ian Thompson, Standard & Poor’s MD…
APRA has a say on DOFIs
09 August 2005
The Australian Prudential Regulation Authority has sent an internal report to the Federal Treasury about the controversial use of direct offshore foreign insurers…
ASIC counsel says industry should watch its step
09 August 2005
Peter Clark, the Senior Counsel assisting ASIC in implementing the recommendations of the HIH Royal Commission, says the insurance industry should take on board…
NZ intermediary reforms urged
09 August 2005
A taskforce set up to investigate the role of New Zealand’s financial services intermediaries has nailed brokers’ hopes for a no-change decision…
Actuary calls for audit system that works
09 August 2005
More regulation of actuary audits in the Australian insurance marketplace is needed, according to a leading industry actuary…
Triple-taxing states worry Brough
02 August 2005
Federal Assistant Treasurer Mal Brough says the triple taxation of insurance policies in Australia is “appalling”…
BrokerPlus goes to NAQ
02 August 2005
NAQ Technology has acquired the BrokerPlus system from Lumley Technology…
Industry praises outgoing Carr
02 August 2005
Bob Carr steps down tomorrow as Premier of NSW, and with him goes one of the few political leaders who really understand insurance…
SA moves to thwart Comcare defections
02 August 2005
The Federal Government will ask the Australian Competition and Consumer Commission to investigate whether the states are taking liberties with the law…
Motorists group may set up insurer
02 August 2005
Members of the Sydney-based Motorists Action Group, once one of the major forces in the hopelessly factionalised NRMA before the insurer and road services group…
EQC kicks off earthquake education campaign
02 August 2005
The NZ Earthquake Commission has enlisted ad agency M&C Saatchi to create a campaign to educate the public about what to do before, during and after an earthquake…
QBE scores on awards night
02 August 2005
Awards season continued apace last week, with the Charlton publishing group dishing up a decent helping on behalf of its Australian Banking and Finance publication…