Insurance Business Australia

29/11/2024

🏆 Final call for nominations! Today is your last chance to recognize and honor the exceptional contributions of your peers at the Insurance Business Awards Australia 2025.

Submit your nominations now before it’s too late!

https://hubs.la/Q02ZhgRD0

28/11/2024

McLardy McShane restructures its leadership, appointing Janine Shipton as the first chief technology and innovation officer. This new role highlights their focus on tech advancement and innovation amid strong growth.

Newly established role unveiled

28/11/2024

Southern Cross Travel Insurance (SCTI) has identified 10 frequent mistakes travellers make when purchasing travel insurance – something insurers and brokers could share with their clients to emphasise the importance of seeking insurance professionals’ help when taking out policies.

Insurers and brokers could share this with their clients to emphasise the importance of seeking the industry's help when taking out policies

28/11/2024

Australia’s top brokerages are elevating client service, blending personal connections with tech advancements.

Leaders like Anthony Bonanno at Archer Insurance and Spencer Hon at Eternity Insurance drive growth with a customer-first approach, building trust and loyalty in a competitive market.

Learn how they’re navigating challenges and boosting client satisfaction. Read the full report here!

https://hubs.la/Q02YqJc80

28/11/2024

The QBE Foundation announces $40,000 grants for 2024 to support climate resilience and inclusion projects, including efforts to protect endangered species and create Miyawaki Tiny Forests.

Protecting endangered species and growing Miyawaki Tiny Forests

27/11/2024

Suncorp Group and Queensland Fire and Emergency Services (QFES) are cautioning consumers about the growing number of fires caused by lithium-ion batteries, particularly as Black Friday sales prompt increased purchases of electronic devices and personal mobility products.

Risks highlighted as Black Friday sales prompt increased purchases of electronic devices

27/11/2024

Today, Suncorp officially launched its cutting-edge Disaster Management Centre (DMC) in Brisbane, setting a new standard in disaster response and preparedness. Steve Johnston, Suncorp CEO, described the DMC as a “best-in-class” facility for disaster management, emphasizing its role in enhancing the speed and efficiency of the company’s response capabilities.

Commits to sharing capabilities with government and industry

27/11/2024

Gallagher Re partners with global experts to tackle the evolving risk dynamics of tropical cyclones, focusing on ENSO impacts, flooding, and post-tropical storms. This innovative research aims to enhance risk modeling for the insurance industry.

Partnerships focus on ENSO impacts, flooding, and post-tropical storms affecting insurers

27/11/2024

Boards must embrace AI oversight to balance innovation with ethical and regulatory compliance. Experts from Grant Thornton stress the importance of risk frameworks and adaptability amid AI’s rapid evolution.

Key inquiries about ethics, funding, and risk frameworks help align AI initiatives with goals

27/11/2024

Transparency and trust are at the heart of the Insurance Brokers Code of Practice review. IBCCC Chair Oscar Shub highlights the committee’s priorities as Phil Khoury prepares to lead the process.

"We believe that transparency should be absolute"

26/11/2024

The growing impact of secondary perils—floods, fires, and severe storms—is transforming the global insurance industry. According to S&P Global Market Intelligence's "Evolving Natural Catastrophe Risks" report, these smaller yet frequent events are driving significant claims and prompting insurers to rethink their risk strategies.

New climate risks push insurers to rethink strategies

26/11/2024

A majority of risk leaders in the Asia-Pacific (APAC) region are uncertain about their organisations’ preparedness for emerging risks over the next decade, according to findings from WTW’s Emerging and Interconnected Risks Survey.

Report outlines main factors shaping risk landscape

25/11/2024

With the live music industry grappling with rising costs and limited insurance options, Tokio Marine’s new event cancellation offering could be a game-changer. Sydney-based John Dimos highlights its potential to support live music, sports, theatre, and more.

Read the full story and explore how this innovative coverage could impact the industry.

Public hearings into the live music sector’s challenges continue

25/11/2024

Insurance Business unveils Australia’s Rising Stars for 2024! Recognising 27 outstanding young professionals under 35, this list celebrates innovation, leadership, and transformative talent in the Australian insurance industry.

Find out if you, or one of your colleagues, made the list

25/11/2024

Under the leadership of Group CEO Kent Chaplin, Delta Insurance Group has expanded from New Zealand to Australia, forging strong broker partnerships and redefining industry norms. Learn how the team is navigating this exciting journey.

Broker partnerships across the country is the aim

25/11/2024

The Australian Securities and Investments Commission (ASIC) has extended the temporary regulatory relief allowing insurers to issue emergency cash payments to policyholders without requiring a Cash Settlement Fact Sheet (CSFS) upfront.

Measure is subject to specific criteria

25/11/2024

Gallagher has urged Australian businesses to reassess their risk management practices and insurance coverage as they face a growing landscape of financial and operational threats.

Mitigation strategies outlined

25/11/2024

🚨 Nominations have been extended! You now have extra time to recognize and honor the outstanding contributions of your peers and colleagues.

Whether it’s innovative solutions, leadership, or exceptional service, the Insurance Business Awards Australia 2025 is the perfect platform to celebrate excellence in the insurance industry. Don’t wait—submit your nominations today!

https://hubs.la/Q02Zhh770