Australian resilience held back by cyber threat
27 May 2019
Australia is one of the most resilient nations in the world but could be exposed by “inherent cyber risk”, according to FM Global’s Resilience Index…
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Far-right terrorism a ‘significant threat’ in region
27 May 2019
Australia and New Zealand face attacks from people with extreme right-wing ideologies, while the massacre at two Christchurch mosques has raised the threat of retaliatory action, Marsh warns…
Fewer customers switch insurers despite shopping around
27 May 2019
More customers are comparing providers before renewing insurance policies, yet fewer are deciding to switch after doing so, according to Roy Morgan research…
Queensland flood bill passes $1.2 billion
27 May 2019
The north Queensland monsoonal flood claims bill has reached $1.23 billion, according to latest figures from the Insurance Council of Australia…
Steadfast, icare renew Mansfield Awards sponsorship
27 May 2019
Steadfast and NSW state insurer icare will sponsor the Mansfield Awards for the third consecutive year, with the event scheduled for July 25…
AMP Life chief steps up as ANZIIF President
27 May 2019
AMP Life CEO Megan Beer is the new President of the Australian and New Zealand Institute of Insurance and Finance…
AFCA recruiting after ‘extraordinary’ six months
27 May 2019
The Australian Financial Complaints Authority is expanding, creating two new senior roles after being inundated with disputes since it launched in November…
NZ court throws out claims company’s case
27 May 2019
The New Zealand High Court has struck out proceedings brought by claims services company WorldClaim against a former director…
Businesses seek protection as trade credit risk rises
27 May 2019
About 47% of Australian businesses plan to step up insurance to protect against rising trade credit risk…
Market ‘failing to keep pace’ with cyber threat
20 May 2019
Cyber attacks’ frequency, severity and evolution are accelerating too quickly for the insurance market to maintain coverage, Gallagher warns…
Suncorp defends fossil fuel stance
20 May 2019
Suncorp has defended its record amid a campaign by climate group Market Forces pushing it to stop underwriting fossil fuel projects and ditch its coal investments…
Australia fuels global premium gains
20 May 2019
The Pacific region, including Australia, outperformed the global market in the first quarter with a 16.1% jump in commercial insurance pricing, Marsh says…
Levees and levies: ICA pushes re-elected Morrison
20 May 2019
The Insurance Council of Australia has called on the re-elected Coalition Government to step up mitigation programs in disaster-prone regions and axe taxes on insurance products…
Construction faces PI price shock, Honan warns
20 May 2019
Construction industry insureds face professional indemnity “bill shock” this year and more difficulty obtaining cover amid fallout from flammable cladding problems, Honan Insurance Group warns…
Government ‘must consult with industry’ on reform
20 May 2019
Suncorp has urged the Federal Government not to implement Hayne royal commission reforms without first consulting the industry…
Ex-Allianz exec takes reins at Insurtech Australia
20 May 2019
Insurtech Australia has named founding member Rita Yates as CEO, the first woman to hold the role since the organisation was established in 2017…
Customers more willing to share personal data
20 May 2019
About 72% of Australian consumers are open to providing personal data to insurers if it means a lower possibility of injury or loss, an Accenture study has found…
NZ broker ordered to repay Asteron
20 May 2019
New Zealand’s High Court has rejected insurance broker Peter Taylor’s bid to have Suncorp-owned Asteron Life resume paying him income protection benefits…
Bureau cuts El Nino likelihood
20 May 2019
The chances of an El Nino weather system developing this year have been cut from 75% to 50% in the Bureau of Meteorology’s latest update…
Suncorp fires mitigation warning to next government
13 May 2019
Regional Australia risks economic ruin if the incoming federal government fails to invest more in disaster mitigation as the effects of climate change take hold, Suncorp warns…