Hayne to force change on loss adjusters: AICLA
05 November 2018
The new Australasian Institute of Chartered Loss Adjusters President predicts more loss adjusters will expand beyond traditional services in response to the Hayne royal commission…
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Customers stay loyal despite pricing concern
05 November 2018
The vast majority of general insurance customers do not bother checking alternatives at renewal time, according to Roy Morgan research…
RMS warns of left-field disasters
05 November 2018
Modeller RMS says the Asia-Pacific region is highly vulnerable to one-in-100-year catastrophes that may be overlooked in disaster planning…
Queenslanders still relaxed about cyclone risk
05 November 2018
Despite the fact that they live in a zone frequented by cyclones, about 87% of north Queensland homes still don't have cyclone shutters – one of the most basic forms of protection…
NZ expands 3D mapping program
05 November 2018
The New Zealand Government will fund an expansion of lidar topographical mapping in rural areas…
Asian cat losses may hit reinsurance market
05 November 2018
Asia-Pacific reinsurance buyers may see knock-on effects from the spate of natural disasters that have hit the region in the past few months, Guy Carpenter says…
NIBA defends conflicted remuneration exemption
29 October 2018
General insurance should remain exempt from the ban on conflicted remuneration, the National Insurance Brokers Association has told the Hayne royal commission…
‘Toxic practices’: consumer advocates demand change
29 October 2018
Consumer groups have delivered a damning indictment of the general insurance industry and the regulation regime in submissions to the Hayne royal commission…
ICA holds Queensland forums as Debbie disputes linger
29 October 2018
The Insurance Council of Australia will hold a series of forums for north Queensland communities next month as the industry continues to face scrutiny over its handling of claims from Cyclone Debbie last year…
No quick fix for industry’s ‘tarnished’ reputation
29 October 2018
Damage to the general insurance industry’s reputation inflicted by the Hayne royal commission will not be undone overnight, according to S&P Global Ratings…
Brokers eager to lead innovation
29 October 2018
Australian insurance brokers’ determination to innovate is revealed in new research published today by CGU…
Industry extends backing for vehicle theft campaign
29 October 2018
Insurers will give more than $900,000 this financial year to the National Motor Vehicle Theft Reduction Council, as the partners step up their efforts to fight crime…
QBE housing outlook offers LMI lift
29 October 2018
A surge in the number of first-time homebuyers should lift QBE’s lenders’ mortgage insurance business…
ICA unveils crop cover plan for ‘good times and bad’
29 October 2018
The Insurance Council of Australia will engage with Canberra on its five-point crop insurance plan to manage future droughts…
NZ’s ‘risky country’ tag offers wake-up call
29 October 2018
New Zealand insurers have urged consumers to check their cover after a Lloyd’s study showed the country has the second-highest exposure to natural catastrophe losses…
Perils launches windstorm loss predictor
29 October 2018
Catastrophe data company Perils has launched a real-time windstorm loss forecasting tool for Australia, which begins its six-month cyclone season on Thursday…
A note from the Publisher
22 October 2018
The latest edition of Insurance News magazine is being mailed out this week, and with it we’ll be celebrating a significant milestone…
‘Numerous headwinds’ predicted – despite rate rises
22 October 2018
Commercial premium rises are providing the main tailwind for the insurance industry, which achieved a bounce-back performance last financial year, Finity Consulting says…
Pricing must keep pace with climate change: Finity
22 October 2018
Insurers can’t afford to take a relaxed approach to pricing for climate change, because an escalation in severe weather events may leave them playing catch-up as claims costs are driven higher…
Half of industry cyber breaches go undetected
22 October 2018
While insurance companies are focused on alerting clients to the dangers of cyber breaches, their own internal security systems have failed to detect about 47% of cyber breach attempts…