The Broker
Annual renewals ‘on the way out’ as tech transforms profession
08 August 2024
Advanced technology will disrupt insurance broking, probably bringing continuous adaptation of policy terms rather than annual renewals – though experts agree “talk of broker demise” is unfounded...
Steadfast rolls out app designed to streamline operations
08 August 2024
Steadfast Technologies has launched an application that allows clients to quote, bind and pay online, streamlining operations and saving time for brokers...
Workers’ comp consent form helps brokers meet privacy rules
08 August 2024
A WA workers’ compensation personal information consent form has been developed to help brokers assist clients following reforms that include privacy restrictions...
Dual unveils ‘specialised’ warranty and indemnity cover
08 August 2024
Dual has launched an Asia-Pacific warranty and indemnity insurance product targeting real estate, renewables, infrastructure, manufacturing and technology-based industries...
BMS powers up energy team
08 August 2024
Broker BMS Australia has added Dianne Riopelle and Toby Lucas to its energy team as client manager and client executive respectively, based in Brisbane...
Tokio Marine offers event cancellation cover
08 August 2024
Tokio Marine Management Australasia has launched event cancellation and non-appearance insurance...
EBM tools up for enhanced cyber advice
08 August 2024
National broker EBM Insurance & Risk has formed a partnership with CyberCube, a cyber risk modelling and analytics business...
Ausure’s nationwide networking tour under way
08 August 2024
Steadfast-backed Ausure has begun holding its annual networking meetings, taking in 10 locations nationwide, with more than 300 brokers, staff members and industry partners expected to attend...
Insurers more willing to review pricing, coverage: Gow Gates
01 August 2024
New capacity and increased competition are easing premium rates in some segments after a long hard cycle, Gow-Gates Insurance Brokers says...
UK ‘ghost broker’ admits selling fake policies on social media
01 August 2024
A British fraudster who made more than £17,618 ($34,591) selling phony insurance policies over Instagram has been handed a suspended prison sentence...
PSC secures ‘competitive’ forestry product for struggling growers
01 August 2024
Forestry Australia has found a plantation insurance provider for its members, which have been struggling to find cover after some insurers pulled out of the market...
Gallagher exec joins NIBA board
01 August 2024
Gallagher head of metro branches Mark Saunderson has joined the National Insurance Brokers Association board, replacing Adam Squire...
AIG hires regional marine head
01 August 2024
Dimitry Zilberud has joined AIG as Asia-Pacific head of marine...
Nat cat fears dampen ‘competitive tension’ in clean power market
01 August 2024
New insurance providers are entering the Australian renewable energy market, fuelling an “increase in competitive tension”, but concerns over catastrophe losses may stall the easing of rates, global broker WTW says...
BMS acquisitions shed light on dos and don’ts of data shift
01 August 2024
BAIS Insurance Technology has detailed how it merged BMS Risk Solutions’ client data into a single iBAIS database after it acquired five brokerages on two different insurance systems...
New Zealand UAC sets Auckland expo date
01 August 2024
The New Zealand Underwriting Agencies Council will hold its next expo in Auckland on August 27...
Envest, Steadfast to go separate ways
25 July 2024
Envest will leave the Steadfast network as its parent Ardonagh Group’s acquisition of PSC transforms the broking landscape and competitive dynamic...
‘Resourcing was stretched’: CBN deal enables Insurance House broker focus
25 July 2024
A partnership agreement for Community Broker Network to provide managed services to Insurance House authorised representatives will enable the latter business to focus on its broker network...
System failure cover harder to get after CrowdStrike: WTW
25 July 2024
The major disruption caused by the CrowdStrike outage could result in underwriters being more reluctant to offer system failure coverage, WTW says...
Rates trend positive for clients: Marsh
25 July 2024
Marsh says Australian commercial premium rates fell 5% in April-June, the second consecutive quarterly decline, and global commercial rates were flat – ending a 26-quarter streak of increases...