Bureau issues another El Nino alert
26 November 2018
The Bureau of Meteorology has again warned of the possibility of an El Nino event in the next few months…
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More CEOs move to sign diversity pledge
26 November 2018
More top executives are expected to participate in an industry pledge to create diverse and inclusive workplaces…
Reputation climbs NZ execs’ risk ranking
26 November 2018
“Brand and reputation” has moved into second place behind natural disasters in Marsh’s annual survey of leading risks for New Zealand executives…
Delta warns on rising intellectual property risk
26 November 2018
New Zealand liability specialist Delta Insurance says companies should not ignore intellectual property when drawing up risk management strategies, with litigation related to intangible assets increasing globally…
Too many travellers in dark on coverage
26 November 2018
Australian tourists in southeast Asia take too many risks and don’t have a full understanding of travel insurance, the Insurance Council of Australia (ICA) has warned…
Industry maintains profitability trend: KPMG
19 November 2018
Insurance profits grew 4% to $5 billion last financial year, building on the previous year’s 25% jump, and further improvement is expected amid a long-awaited upswing, KPMG says…
Brokers ‘could do better’ on dispute responses
19 November 2018
Brokers can do more to improve the way complaints are handled, the industry’s Code Compliance Committee says…
Energy pricing keeps businesses on edge
19 November 2018
Australian companies have ranked energy price shocks ahead of cyber attacks as their main threat for the second consecutive year in a World Economic Forum survey…
Climate Index ‘won’t cause premium spike’
19 November 2018
The Actuaries Institute’s new Climate Index won’t cause insurance premiums to rocket up, Finity Principal Tim Andrews says…
Strawberry crisis shakes up product recall market
19 November 2018
Demand for product recall cover has spiked since the needles-in-strawberries crisis in September, broker Gallagher says…
Gap closes, but industry still lags on gender parity
19 November 2018
Women in the financial and insurance services sector suffer the biggest pay inequality in Australia…
ICNZ chief replaces Whelan on global federation board
19 November 2018
Insurance Council of New Zealand CEO Tim Grafton has been appointed Membership Executive of the Global Federation of Insurance Associations…
Commercial rates will keep rising, says Swiss Re
12 November 2018
Australian commercial insurance premiums are forecast to rise 6% next year after increasing 7.4% in the current 12 months as a rate-hardening trend continues and the economy expands, Swiss Re Institute says…
ICA defends travel insurers’ pregnancy exclusions
12 November 2018
The Insurance Council of Australia has challenged a comparison website’s travel insurance survey that finds one in four policies do not cover pregnancy…
Underwriting agencies remain highly optimistic
12 November 2018
About 89% of Australia’s growing army of underwriting agencies see growth potential in their markets, up one point from last year, according to an annual survey…
D&O premiums a sign of the times: Gallagher
12 November 2018
Directors’ and officers’ premiums continue to escalate, mainly driven by a spike in class actions, according to Gallagher’s latest quarterly market report…
Calculated attack: industry responds to Choice claim
12 November 2018
Insurers have defended online home and contents value calculators after a Choice study produced varying replacement cost estimates…
Actuaries’ climate index reveals extreme change
12 November 2018
The frequency of extreme weather conditions in autumn this year exceeded historical trends, with risks linked to higher temperatures and sea levels increasing…
Cyclone damage: a major problem with a simple solution
12 November 2018
Wind-driven rain entering homes around windows and doors is a major source of cyclone damage, even when building exteriors are mostly unharmed, new insurance research shows…
Geoscience updates tsunami hazard model
12 November 2018
Insurers will have a better understanding of the frequency of tsunami-causing earthquakes thanks to Geoscience Australia’s updated tsunami hazard model…