10 May 2021
An actuary with the Financial Reporting Council, a UK regulator, has suggested there may be a way for the insurance industry globally to underwrite pandemics, wars and other uninsurable risks as well as black swan events...
10 May 2021
The Insurance Council of Australia has added IAG CEO Nick Hawkins, Munich Re Australasia MD Scott Hawkins and Chubb Country President Peter Kelaher to its board...
10 May 2021
Zurich-based catastrophe data company Perils has put its initial insured loss estimate for the NSW and Queensland flooding catastrophe at $1.06 billion...
10 May 2021
Australia faces drier conditions and an increased risk of extreme bushfires peppered with bouts of intense rainfall and floods during severe La Nina phases, representatives from Chubb and Suncorp told attendees at this year’s Actuaries Summit...
10 May 2021
US insurer Liberty Mutual has confirmed it will not be lodging an environmental impact statement for a Queensland coal mine project that it owns through subsidiary Liberty Metals and Mining Holdings...
03 May 2021
The Insurance Council of Australia says the upcoming abolition of the duty of disclosure for consumer insurance contracts will bring “clarity and certainty” – but warns insurers will still be able to deny claims if customers provide inaccurate information...
03 May 2021
A cyclone reinsurance pool for northern Australia is expected to be announced by the Federal Government within days, insuranceNEWS.com.au understands...
03 May 2021
Legal firms are continuing their investigations into potential class actions over business interruption cover despite Insurance Council of Australia test cases that aim to bring clarity over key issues...
03 May 2021
A draft version of the next broking code of practice requires a further overhaul to effectively drive higher standards, the Code Compliance Committee says...
03 May 2021
The non-profit Australian Amusement Leisure and Recreation Association has asked broker Aon to help the industry set up and run a discretionary mutual fund, according to an email to its members last week...
03 May 2021
NRMA Insurance has teamed up with Shoalhaven City Council to help bushfire-affected Australians recover faster via access to a free design for homes that are resilient, sustainable, affordable and adaptable...
26 April 2021
Court dates have been set for local government class actions launched against JLT in both NSW and Victoria...
26 April 2021
A new broker cluster group formed exclusively for Australian independent brokers has been widely welcomed, the founder says...
26 April 2021
The unprecedented hardening of the Directors’ & Officers’ insurance market has put cyber risk front of mind for Australia’s executives, new research from Willis Towers Watson shows...
26 April 2021
Aon says upward pressure will remain on directors’ and officers’ rates for the rest of the year but believes signs of stability have emerged, giving rise to “cautious optimism” that the stressed market may be on the mend...
26 April 2021
Climate change will slice a large chunk from Australia’s economy by 2050 unless swift action is taken, detailed stress-test analysis by Swiss Re projects...
26 April 2021
Zurich-based catastrophe data company Perils has finalised its insured loss estimate of the central Queensland hailstorms in April last year at $839 million, up 39% from its previous calculations...
26 April 2021
Australians can assess the risk their individual property faces from storm surge, tsunami or floods using a new online assessment tool provided free of charge by Steadfast Group which helps to calculate individual insurance needs...
26 April 2021
A Roy Morgan survey has found 82% of general insurance customers are satisfied with their providers, with personal lines insurance brands run by mutual motoring bodies leading the way...
19 April 2021
Australian general insurers, like their peers in the Asia Pacific region, will be looking to strengthen their underwriting earnings to make up for dwindling investment returns caused by the persistent low-interest rate environment, according to Fitch Ratings...