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1. Pandemic 'will minimalise life offerings'
   Life insurance products in the post-pandemic landscape will offer "very minimal benefits and features," Centrepoint Alliance says, giving customers a chance to decide what they want in their policies...
   Life Insurance | 25 May 2020 03:07pm
2. Life insurers ease rules for TPD claims during virus crisis
   The life industry has announced a temporary measure to support total and permanent disability policyholders who have lost their jobs or are working less hours during this coronavirus outbreak...
   Life Insurance | 25 May 2020 03:07pm
3. Permanent CGT relief measure gives certainty to super funds: FSC
   The Financial Services Council has welcomed the passage last week of the Treasury Laws Amendment Bill, which gives merging superannuation funds permanent capital gains tax relief...
   Life Insurance | 25 May 2020 03:06pm
4. Government to ban stamping fees
   The Federal Government has announced it would ban the payment of stamping fees in relation to listed investment companies and trusts, following a Treasury consultation on the matter...
   Life Insurance | 25 May 2020 03:06pm
5. IOOF class action settled without payout
   Financial services group IOOF announced today a class action filed against it alleging breach of duties as superannuation trustees has been "discontinued, with no order as to costs"...
   Life Insurance | 25 May 2020 03:05pm
6. Thin ice: S&P lowers reinsurers’ outlook to negative
   S&P has lowered its outlook on global reinsurers to negative from stable, saying COVID-19 has pushed the sector "farther out on thin ice"...
   International | 25 May 2020 03:02pm
7. UK brokers slam critical report on commissions
   The British Insurance Brokers' Association has slammed a "headline-grabbing" report by consultancy Mactavish which questions current remuneration structures...
   International | 25 May 2020 02:58pm
8. ABI rejects 'goodwill gestures' on business interruption
   The Association of British Insurers has warned hospitality trade groups that underwriters cannot afford to make "goodwill gesture" compensation payments outside policy terms for business interruption...
   International | 25 May 2020 02:58pm
9. NOAA predicts busy Atlantic hurricane season
   Forecasters at the US-based National Oceanic and Atmospheric Administration expect an “above normal” Atlantic hurricane season...
   International | 25 May 2020 02:57pm
10. Prolonged recession tops COVID risk perception survey
    Fear of a prolonged global recession has topped concerns in a World Economic Forum COVID-19 risk perception survey conducted in partnership with Marsh & McLennan and Zurich...
    International | 25 May 2020 02:56pm
11. Lockdown spurs industry to broaden drone usage
    Insurers will step up the use of drones, which proved to be a valuable tool in aiding the industry during the virus-imposed lockdown, London-based consultancy GlobalData says...
    International | 25 May 2020 02:55pm
12. Pandemic could lead to 'insurance by subscription'
    The COVID-19 outbreak is likely to create significant change, including the birth of "insurance by subscription", Finity Consultants Director Graeme Adams says...
    Local | 25 May 2020 02:41pm
13. SME insurance firms low on confidence amid virus fallout fears
    More than half of insurance and financial firms polled in a national SME outlook survey say the coronavirus outbreak has affected their businesses, and 42% are worried about the next 12 months...
    Local | 25 May 2020 02:40pm
14. Swiss Re looks at public-private BI solutions
    Swiss Re is actively engaged in discussing possible joint public-private arrangements for covering business interruption risks, the group’s Chief Economist Jerome Haegeli says...
    Local | 25 May 2020 02:40pm
15. Incoming ICA chief sees importance in tackling climate change
    Incoming Insurance Council of Australia CEO Andrew Hall puts climate change high on his list of priorities, while the man he’s replacing admits he wishes he could have done more...
    Local | 25 May 2020 02:39pm
16. Industry lukewarm to 'Medicare-style' insurance pricing idea
    A "Medicare-style" system to price risk in bushfire-prone areas is not the answer to the premium affordability problem facing property owners, according to the Insurance Council of Australia...
    Local | 25 May 2020 02:38pm
17. Claims trickle in after 5.8-magnitude quake in New Zealand
    New Zealand’s Earthquake Commission said today about 60 claims have been lodged by homeowners hours after a 5.8-magnitude quake struck near the town of Levin, 50km north of Wellington...
    Local | 25 May 2020 02:38pm
18. Claims on the rise as ex-cyclone whacks WA
    Insurance claims are being lodged in WA today as the remains of an unusual out-of-season cyclone continue to bring strong winds and rain to the state...
    Local | 25 May 2020 02:37pm
19. Former Winley MD slams fraud recovery failure
    The former Director and MD of Perth authorised representative company Winley Insurance Group has criticised the authorities for failing to track down the perpetrators of an $8.69 million fraud which led to the company’s collapse in 2016...
    Local | 25 May 2020 02:36pm
20. Distraction, inattention major cause of truck incidents: NTI
    Driver inattention or distraction caused 39% of major truck incidents last year, up from 29.6% in 2017, according to the latest study from NTI’s National Truck Accident Research Centre...
    Local | 25 May 2020 02:35pm

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