insuranceNEWS.com.au - AnalysisGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-au‘A mystery to outsiders’: the good, the bad and the ugly of insurance workhttps://www.insurancenews.com.au/analysis/a-mystery-to-outsiders-the-good-the-bad-and-the-ugly-of-insurance-workhttps://www.insurancenews.com.au/analysis/a-mystery-to-outsiders-the-good-the-bad-and-the-ugly-of-insurance-work<p>A simple, open-ended question in this year&rsquo;s Insurance News wellbeing survey &ndash; &ldquo;Can you tell us what you do and don&rsquo;t like about working in insurance?&rdquo; &ndash; garnered almost 1100 anonymous and frank replies...</p>Sun, 01 Dec 2024 23:56:29 GMTThe $5 trillion question: insights from our cyber seminarhttps://www.insurancenews.com.au/analysis/the-5-trillion-question-insights-from-our-cyber-seminarhttps://www.insurancenews.com.au/analysis/the-5-trillion-question-insights-from-our-cyber-seminar<p>Insurance News held a half-day cyber seminar in Sydney last Thursday, with more than 100 industry professionals attending...</p>Mon, 25 Nov 2024 01:22:12 GMTA deep dive into AFCA’s datacubehttps://www.insurancenews.com.au/analysis/a-deep-dive-into-afca-s-datacubehttps://www.insurancenews.com.au/analysis/a-deep-dive-into-afca-s-datacube<p>The Australian Financial Complaints Authority has updated its datacube resource, which provides statistics on disputes by product or company...</p>Mon, 18 Nov 2024 01:25:19 GMTRadar reveals the top trends and trouble spotshttps://www.insurancenews.com.au/analysis/radar-reveals-the-top-trends-and-trouble-spotshttps://www.insurancenews.com.au/analysis/radar-reveals-the-top-trends-and-trouble-spots<p>Actuarial group Taylor Fry&rsquo;s Radar report has examined climate, affordability, technology and regulation impacts on insurers while looking behind industry headline figures to identify positive and negative developments in each of the major classes...</p>Mon, 11 Nov 2024 01:10:29 GMTMore intervention looms as climate sends premiums soaringhttps://www.insurancenews.com.au/analysis/more-intervention-looms-as-climate-sends-premiums-soaringhttps://www.insurancenews.com.au/analysis/more-intervention-looms-as-climate-sends-premiums-soaring<p>A range of market interventions may be required as climate change unravels traditional insurance models, the Australia Institute warns today...</p>Sun, 03 Nov 2024 23:55:25 GMTStronger foundations? Victoria acts on builders’ warrantyhttps://www.insurancenews.com.au/analysis/stronger-foundations-victoria-acts-on-builders-warrantyhttps://www.insurancenews.com.au/analysis/stronger-foundations-victoria-acts-on-builders-warranty<p>Significant reforms to Victoria&rsquo;s building regulator and builders&rsquo; warranty insurance scheme have been broadly welcomed, as the state moves towards a &ldquo;first resort&rdquo; model...</p>Mon, 28 Oct 2024 01:32:45 GMTCode shake-up, ASIC powers at heart of floods responsehttps://www.insurancenews.com.au/analysis/code-shake-up-asic-powers-at-heart-of-floods-responsehttps://www.insurancenews.com.au/analysis/code-shake-up-asic-powers-at-heart-of-floods-response<p>The parliamentary inquiry into the record-breaking floods of two years ago has placed significant weight on achieving improvements through a code of practice overhaul, backed by greater oversight from the Australian Securities and Investments Commission...</p>Mon, 21 Oct 2024 01:39:12 GMT‘More stick than carrot’ as nation bolsters cyber lawshttps://www.insurancenews.com.au/analysis/more-stick-than-carrot-as-nation-bolsters-cyber-lawshttps://www.insurancenews.com.au/analysis/more-stick-than-carrot-as-nation-bolsters-cyber-laws<p>Australia is seeking to be the first country to require that ransoms paid to cybercriminals be reported to the government...</p>Mon, 14 Oct 2024 01:24:02 GMT‘Phase them out’: experts back industry on insurance taxeshttps://www.insurancenews.com.au/analysis/phase-them-out-experts-back-industry-on-insurance-taxeshttps://www.insurancenews.com.au/analysis/phase-them-out-experts-back-industry-on-insurance-taxes<p>The Senate inquiry into the impact of climate risk on insurance premiums is getting one message loud and clear: axing taxes on insurance would be the easiest and most direct way for governments to ease affordability pressure...</p>Mon, 07 Oct 2024 01:45:02 GMT‘Attitudes have changed’: reflections on a decade of Dive In https://www.insurancenews.com.au/analysis/attitudes-have-changed-reflections-on-a-decade-of-dive-inhttps://www.insurancenews.com.au/analysis/attitudes-have-changed-reflections-on-a-decade-of-dive-in<p>Ten years ago, Dive In began in London with 100 people...</p>Mon, 30 Sep 2024 00:54:05 GMT‘Unjustified’ premium rises sharpen reputation, regulatory concernshttps://www.insurancenews.com.au/analysis/unjustified-premium-rises-sharpen-reputation-regulatory-concernshttps://www.insurancenews.com.au/analysis/unjustified-premium-rises-sharpen-reputation-regulatory-concerns<p>Most industry watchers understand that insurers have needed to push through steep rate rises in recent years to ensure a profitable and sustainable future...</p>Mon, 23 Sep 2024 02:56:39 GMTStrata stories stir up a hornet’s nesthttps://www.insurancenews.com.au/analysis/strata-stories-stir-up-a-hornet-s-nesthttps://www.insurancenews.com.au/analysis/strata-stories-stir-up-a-hornet-s-nest<p>More stringent insurance disclosure rules may be just one of the repercussions from last week&rsquo;s Four Corners program alleging malpractice in the strata sector...</p>Mon, 16 Sep 2024 00:08:52 GMTNo holding back as code panel proposes sweeping upgradehttps://www.insurancenews.com.au/analysis/no-holding-back-as-code-panel-proposes-sweeping-upgradehttps://www.insurancenews.com.au/analysis/no-holding-back-as-code-panel-proposes-sweeping-upgrade<p>The independent panel reviewing the industry code of practice has pressed ahead with reform proposals targeting many of the problems highlighted during the federal flood inquiry...</p>Mon, 09 Sep 2024 03:05:48 GMTReinsurers head to Monte Carlo with ‘growing appetite’ https://www.insurancenews.com.au/analysis/reinsurers-head-to-monte-carlo-with-growing-appetitehttps://www.insurancenews.com.au/analysis/reinsurers-head-to-monte-carlo-with-growing-appetite<p>The industry&rsquo;s attention turns to Monte Carlo soon for the Rendez-Vous de Septembre, the annual talkfest on the state of the reinsurance market after the mid-year catastrophe renewals...</p>Mon, 02 Sep 2024 03:48:01 GMTAs more households feel premium squeeze, a systemic threat emergeshttps://www.insurancenews.com.au/analysis/as-more-households-feel-premium-squeeze-a-systemic-threat-emergeshttps://www.insurancenews.com.au/analysis/as-more-households-feel-premium-squeeze-a-systemic-threat-emerges<p>Half the population of southwest Queensland, NSW&rsquo;s Northern Rivers, regional WA and the NT face home insurance premiums that exceed a month&rsquo;s income...</p>Mon, 26 Aug 2024 00:29:37 GMTLand use planning forum: 13 ways to build a better futurehttps://www.insurancenews.com.au/analysis/land-use-planning-forum-13-ways-to-build-a-better-futurehttps://www.insurancenews.com.au/analysis/land-use-planning-forum-13-ways-to-build-a-better-future<p>As pressure intensifies to provide enough housing for Australia&rsquo;s growing population, authorities must resist the urge to build in the wrong places...</p>Mon, 19 Aug 2024 01:48:30 GMT‘Mind-blowing’ results: how insurtech will change the industryhttps://www.insurancenews.com.au/analysis/mind-blowing-results-how-insurtech-will-change-the-industryhttps://www.insurancenews.com.au/analysis/mind-blowing-results-how-insurtech-will-change-the-industry<p>Almost 150 professionals heard from senior industry executives including the heads of Cover Genius, HDI Global, QBE Ventures and NTI at the Insurance News insurtech seminar in Sydney last week...</p>Mon, 12 Aug 2024 01:42:57 GMTFlood inquiry: six months of soul searching, but where will it lead?https://www.insurancenews.com.au/analysis/flood-inquiry-six-months-of-soul-searching-but-where-will-it-leadhttps://www.insurancenews.com.au/analysis/flood-inquiry-six-months-of-soul-searching-but-where-will-it-lead<p>The federal government&rsquo;s flood inquiry opened on January 31, and the last of 23 hearings took place on July 30. It has been a mammoth undertaking...</p>Mon, 05 Aug 2024 02:23:31 GMTFalling flat: seven-year rising premium trend comes to an endhttps://www.insurancenews.com.au/analysis/falling-flat-seven-year-rising-premium-trend-comes-to-an-endhttps://www.insurancenews.com.au/analysis/falling-flat-seven-year-rising-premium-trend-comes-to-an-end<p>The premium landscape is shifting, with Marsh&rsquo;s quarterly Global Insurance Market Index showing commercial rates were flat in the second quarter of this year...</p>Mon, 29 Jul 2024 03:04:52 GMTCrowdStrike outage a ‘stark reminder’ of cyber threathttps://www.insurancenews.com.au/analysis/crowd-strike-outage-a-stark-reminder-of-cyber-threathttps://www.insurancenews.com.au/analysis/crowd-strike-outage-a-stark-reminder-of-cyber-threat<p>&ldquo;This was not a cyberattack,&rdquo; US cybersecurity firm CrowdStrike said on Friday, as it apologised for an outage that sparked global chaos...</p>Mon, 22 Jul 2024 04:27:54 GMT