insurance business magazine australia
Newcastle remembers the December 1980 earthquake that devastated the NSW city. Get a quick, anonymous online quote with options to customise your package. It also features global experts talking about the impact of earthquakes and floods on Australian reinsurance rates, examines how Christchurch-based insurance professionals are putting tragedy and terror behind them to get on with the job, and explains some new advances that will change the way motorists are risk-rated. You can also meet a marketing heavyweight who’s a key part of IAG’s drive to change the way people interact with their insurer. So Insurance News (the magazine) has interviewed three leading players in the reinsurance industry – one a global broker who predicts remarkable change, one a European with a cautious but expansive view, and the other a local leader who sees opportunity everywhere. You’ll find all the answers in the latest edition of Insurance News, along with our acclaimed interviews with the industry’s movers and shakers. That’s the big question tackled by the latest edition of Insurance News. We show what a key facts sheet may look like, why sport is a great way for insurance companies to get noticed, and how a major loss adjuster’s innovation could change the way claims are routinely handled. Assistant Treasurer Bill Shorten has spoken out on flood insurance and insurers’ attitudes in an exclusive interview with Insurance News (the magazine). We’ve also examined the industry’s vital statistics since 2004 and graphed them to help readers see how the industry has performed over the past 13 years. Insurance News also probes the industry’s silence on emissions, the Hayne royal commission’s claims conundrum, and how 5G technology will accelerate the pace of change in insurance. If you’ve ever wondered about insurance-linked securities, don’t miss our interview with Bill Dubinsky, an investment banker working for a global broker, who takes us through everything from cat bonds to industry loss warranties. As Insurance News (the magazine) reports in the April/May issue, globally based regulation for Australia will include new rules ranging from gender-based risk to revised capital requirements. Broking and industry group leaders highlight key challenges and opportunities, ICA CEO Andrew Hall explains why he wants to implement change and not just talk about it, and we feature an illuminating Q&A with IAG’s new CEO Nick Hawkins. The insurance industry has often found itself embroiled in controversy following major catastrophes, but not this time. 234708 is the insurer of any general insurance products offered on this website. The latest edition of Insurance News, the industry’s most popular magazine, looks at the quandary for brokers struggling with the consequences of an inquiry they weren’t even invited to participate in. AUG/SEP 2011 - Insurance News (the magazine). The people taking insurance forward to a less predictable future speak out in the latest edition of Insurance News (the magazine). The collapse of Perth-based authorised representative (AR) group Winley Insurance will have repercussions in the industry, but Insurance Advisernet Managing Director Shaun Standfield explains in the latest edition of Insurance News (the magazine) why the AR model remains the way of the future. The insurance centre of London is our focus in the latest edition of Insurance News (the magazine). Our annual examination of the most influential insurance people in the industry is boosted this year by the inclusion of organisations whose roles impact on the industry. The industry’s most popular print publication, Insurance News (the magazine), has the answers in its latest edition. All that and so much more in the industry’s most popular source of news and background information. Suncorp is on the move again, capitalising on its scale and using a unique strategy to slash costs and increase efficiencies. Industry leaders from Australia and overseas talk to our reporters about the priorities for brokers in a changing world, the need for diversity and inclusion in today’s insurance industry, and why global investors aren’t worried about the industry’s performance. DEC/JAN 2015/16 - Insurance News (the magazine). With so many changes happening at the top end of the industry, discover who we’ve chosen for our list, and why. FEB/MAR 2020 - Insurance News (the magazine). Australia’s only independent risk insurance publication also introduces the industry’s leaders and their views, focusing this time around on Marsh’s John Clayton, QBE’s Vince McLenaghan and Wesfarmers’ Rob Scott. Publisher Terry McMullan says this year’s list was compiled only because so many readers asked for it. The collapse of New Zealand’s Western Pacific Insurance with a $31 million reinsurance shortfall came swiftly on the heels of the 2011 Christchurch earthquakes. What data trends should you expect in 2021? Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. JUN/JUL 2015 - Insurance News (the magazine). You’ll also meet some Generation X managers with clear ideas about the things that are going to change as the Baby Boomers move into retirement. The big issue right now is diversity and inclusion, and we feature the views of industry leaders that range from “we’re making progress” to “it’s time to bring in quotas to speed up change”. We find answers – and obstacles. The June/July issue includes in-depth examinations of the latest developments in premium rates pre-July 1, some advice from veteran brokers on what broking in a hard market will be like, and why some New Zealand insurance companies are in difficulties as a result of the Christchurch earthquakes. The latest edition of Insurance News (the magazine) lists the top 10 insurers, measuring them against a range of criteria supplied by APRA. The December/January edition uses material sourced exclusively from the Macquarie Relationship Banking broker benchmarking survey, and also features an inspirational broker who wants his counterparts to embrace what makes brokers different. And we meet some expatriate Australians working and living in New York City. Insurance News also looks at the fallout from the Hayne royal commission, with particular emphasis on its recommendations regarding brokers’ commissions. In this issue we interview the global leaders of Willis Re and JLT, and review the slumping fortunes of Australia’s insurers – should they risk-up their asset bases or simply raise premiums? We also examine the likely public float of major broker group Steadfast and examine the impacts it could have on the local broker market. NIBA's new Insurance Adviser magazine is a monthly publication designed to provide readers with an overview of the opportunities available to them to enhance their professionalism and become more involved in the intermediated insurance … Insurance News was at the County Court in Melbourne throughout the trial of a couple accused of stealing $17.4 million from Dual Australia. Another must-read article examines the shifting broking landscape which has enabled powerful new entrants to emerge, with the money and influence to change the Australian market even further. Floods, cyclone and bushfire have dominated the headlines since December. The relaxed atmosphere at the annual Reinsurance Rendezvous in Monte Carlo belies the serious business dealings and massive amounts of money at stake. We’ve also examined the industry’s financial performance as premiums start to rise after a prolonged flat period, how amusement park operators are battling a tough combination of soaring premiums and low capacity, why hail is Australia’s most expensive natural hazard, and also why customers stick with their insurers. We’ve investigated moves to get things back in balance. Apart from backgrounders, you’ll find articles on people, office style, climate change, crop insurance, court cases, products and much more besides. The deal supports the global insurance broker's expansion across the US Business interruption the "overarching umbrella" on top 10 global business risks 8 Mar 2021 What comes next? New laws and regulations are heading our way, governing the way the industry works, how it provides insurance and ultimately how much it costs. AAMI Business Insurance is trusted by 60,000 Australian businesses. We have an in-depth look at Zurich’s global transformation program which is having major repercussions in its Australian operation, and we speak to the regional CEO leading the sharp turn towards a different approach to the market. In our exclusive cover story in the February/March issue of Insurance News (the magazine), he outlines ICA’s new outreach agenda. APR/MAY 2017 - Insurance News (the magazine). From drones to the products brokers should be showing their clients and court decisions you should know about, you’ll find it all in the industry’s largest-circulation and most highly regarded news publication – Insurance News (the magazine). And we profile his successor, Andrew Hall, an industry “outsider” who’s expected to take the industry body in a new direction. What is the industry doing to build systems and expertise that meet the demands of a new customer class who want their insurance flexible, online and totally fuss-free? We’ve also delved into the lives of six Gen Y professionals making their mark on the industry. COVID-19 INFORMATION CENTRE. 6. We examine the plight of reformed criminals who can’t get insurance cover, feature an AR company that’s following a unique model, explain why we should all be patient with technological change and profile a French global insurer that’s back to gain a slice of Australian business. So what’s the latest on reinsurance rates following the rendezvous, and what does it all mean for the local market? You’ll also meet the management team at Marsh as they discuss a new move into the SME space, Aon’s new local CEO and a woman who keeps her company moving into new territory. The inaugural Insurance Business Awards will bring together industry leaders to celebrate excellence in the insurance profession, recognising leading brokers, brokerage businesses, insurers and underwriting agencies in Australia … Executive Chairman Robert Kelly speaks exclusively to Insurance News (the magazine) about how Steadfast is building into an industry powerhouse. His insights on threats and opportunities facing UK brokers will sound a distinctly familiar note. Finalists will also be announced in Insurance Business magazine and online. We also feature Financial Services Minister Kelly O’Dwyer’s views on everything from insurance in northern Australia to the industry’s place in the economy. Why did Warren Buffett, a visionary investor with a famous instinct for business advantage, do a “hands-off” deal with IAG that he admits he hasn’t done in 48 years? The June/July edition of Insurance News (the magazine) contains fresh information on the way ahead for Gallagher in Australia, and examines the impact on the local market. You can also read about how the major local insurers are looking again at their growth strategies, how Lloyd’s is dragging its brokers and underwriters into the present and why SME buying habits are becoming more complex. Allan Manning runs a highly successful insurance services company. This edition will feature a wide variety of exclusive reports, including why closing down the Australian Reinsurance Pool Corporation would be an unnecessary gamble; the history of tsunamis on our coast; and why risk modelling in this region is a developing science. The October issue of the Australian insurance industry’s most-read news magazine interviews experts and also delves into the detail of what insurers actually invest in. Create a clear direction, have some fun in a high-energy environment, set bold challenges… just a few points in the strategy set by QBE’s Group CFO Pat Regan when he took over the Australian and New Zealand Operations division. The risk insurance sector is embracing new technologies at an increasing pace, although not with universal support. And Insurance News was there in June when United Nations Secretary-General Ban Ki-moon welcomed the industry to his New York headquarters for a face-to-face summit on the role of insurance in resilience and disaster risk reduction. Asia comes into the spotlight with an examination of new emerging opportunities, and AIG’s larger-than-life Asia chief Jose Hernandez adds his own insights about what’s needed to succeed in the region. You’ll find the answers in the June issue of Insurance News (the magazine). The Bring Your Own Device revolution sweeping through insurance comes in for some serious examination, with industry experts revealing how companies can balance the advantages against the risks. This year there are some surprises as we chronicle the changing face(s) of insurance. And 10 years after the devastating Canterbury earthquakes that tested New Zealand – and Australian-based insurers – like never before, we look in detail at the lessons learned over a decade of recovery. APR/MAY 2010 - Insurance News (the magazine). IAG will split its Australian business into direct and intermediated divisions in a shake-up that will see the departure of senior executive Mark Milliner, while the insurer has also confirmed the appointment of … The region’s largest and most-read insurance publication also looks at the industry’s focus on resilience in cyclone-prone northern Australia to take the place of what it sees as stopgap government programs. What’s insurable and what’s affordable? There’s plenty of tips for professionals wanting to further their overseas experience. About Us. The name of the game is disruptive innovation, and our February/March edition examines just how extensive the disruption will be. The Australian industry’s most popular magazine also looks at how disruption in the SME market is affecting brokers, and examines how automation is reshaping the global economy – and insurance. The local broking scene is in for a shake-up following Arthur J Gallagher’s acquisition of No.5 broker OAMPS. We dive deep on the business interruption test case drama, and our marketing partners take their annual dip into insurance industry advertising to select the one that touched them most. Our two-year investigation has revealed the intriguing history of Western Pacific, its Australian driving force, how the company was formed and its operations that spanned the Tasman. How big an impact has COVID-19 had on your insurance business? We talk to Zurich’s new CEO and examine several Australian insurance operations that have built their own unique paths to success. AUG/SEP 2017 - Insurance News (the magazine). Backgrounders on important industry issues; interviews with people making the news; a new approach to large-scale claims… read Insurance News (the magazine) and you’ll see why it reaches twice as many readers as its nearest competitor. Why is Wesfarmers, a conglomerate specialising in resources companies and giant retail operations, investing in the volatile business of insurance? For the background to the big industry issues and the events that make this industry so different, Insurance News is the smart choice of readers. FEB / MAR 2021 - Insurance News (the magazine). If you want to know what’s going on in the wider insurance world, don’t miss our interview in Insurance News (the magazine) this month. In this issue of Insurance News (the magazine) we examine the various dilemmas companies around the market are facing and also some of the solutions being pursued. With the La Nina climate feature already influencing Australia’s weather, we report on the coming summer and its associated hazards, noting that despite a lower risk of bushfires Australia is facing bigger hailstorms, bigger tropical storms, more severe tropical storms and more floods. Finalists for the three National awards – Australian Broker of the Year, Australian Brokerage of the Year and Australian … It also details distribution trends in the local market and looks back at last year’s natural catastrophes. 296559 is the insurer of any life insurance … There’s much more, of course, plus all our usual popular features recording the life and times of insurance. Meet innovators, pioneers, leaders and thinkers in this latest issue of Insurance News (the magazine) – the one the professionals read for insights, information and intelligent journalism. Insurance Business Magazine is the leading business magazine for today’s sophisticated commercial Insurance Broker! The general insurance industry incurred underwriting losses in the December quarter and last year, squeezed by revised provisions for pandemic-related business interruption claims and the growing … This month’s issue of Insurance News (the magazine) examines the purported end of the soft market and illustrates where rates have been going class by class since 1994. Solving skills shortages has become a key industry challenge. insurance NEWS.com.au is a free national online news bulletin specifically for Australasia’s general insurance industry and the wider financial services community.. insurance NEWS.com.au … 296559 is the insurer of any life insurance … Skip Navigation Skip Navigation. You’ll find all the answers in the latest edition of Insurance News (the magazine). It’s a fascinating story that makes for excellent summer reading. We interview industry leaders, dig deep to explain the industry’s issues, and report on the activities and events that keep insurance buzzing. In the October/November issue of Insurance News (the magazine) we examine the outcomes of this year’s rendezvous and highlight the activities that make this a unique event in the global insurance calendar. It only requires updating with the help of new data that are constantly retrieved from Publisher’s databases and other sources. We visit a leading insurer that has four women on its nine-person board and the most flexible and inclusive personnel policies you’ll find anywhere. Australian insurers have held premiums up for a remarkably long time, recording a $4.96 billion profit last year – but the easy times are coming to an end. For some insurers the catastrophes of 2011 have become the disasters of 2012, with investors demonstrating their disappointment. You’ll find plenty of answers in this month’s edition of Insurance News (the magazine). In face-to-face interviews with Insurance News journalists, Suncorp Group CEO Michael Cameron, IAG Commercial Insurance’s Ben Bessell, Marsh’s Scott Leney and Premium Funding’s Ross Hayward discuss a wide range of impacts, including strategic change, technology, diversity in management and the challenges for brokers. As the pace of change in the Australian insurance industry accelerates, IAG is making some big, bold and swift steps to build a new kind of insurer. Business interruption, including supply chain disruption and vulnerability and cyber incidents, is the top risk for businesses world-wide, according to the 2017 Allianz Risk Barometer, and yet BI insurance … We also examine the fine print and the fallout from the Northern Australia Insurance Premiums Taskforce report, and we’ve caught up with a much-admired former industry figure who’s facing the biggest challenge of his life. You can also learn in this issue about a space invader that’s not a game and why every move by Berkshire Hathaway’s Ajit Jain is so closely watched by other industry leaders. Meet a broker who has taken her life and her business from a heartbreaking loss to success and prosperity. JUN/JUL 2010 - Insurance News (the magazine). AUG/SEP 2018 - Insurance News (the magazine). As generational change sweeps through the industry, Insurance News shows how the old tradition of “falling into insurance’ is no longer enough. AUG/SEPT 2020 - Insurance News (the magazine). The next year is shaping up to be one of the most challenging for insurers and brokers, as investment income and premium rates plummet. Meet the determined trio behind “one company, many brands” in the August issue of Insurance News (the magazine). The latest issue of Insurance News (the magazine) looks inside the company to discover its major business focus was Australia, where its exposures totalled $5.8 billion. This edition sees them emerging from hard times energised and ready to take on new challenges, and we’ve tracked the industry-wide effects as rate rises kick in. The June issue of Insurance News (the magazine) has details on those changes and the issues surrounding them, as well as on how we’re capitalising (slowly) on such innovations as smartphones. We also examine insurer challenges to the workers’ compensation monopolies of state and territory governments, and reveal the results of the expanded LMI Claims Comparison service. An illuminating article on the emerging generation of insurance buyers – the Millennials – is a must-read. Insurance compensates for costs directly related to the event and those that you … He might just surprise you. You’ll find the answer in the latest edition of Insurance News (the magazine). The long-awaited technological revolution is already impacting on insurance, and promises to change everything about the way the industry works. There are plenty of views on emerging risks, commentary on the upcoming royal commission and NIBA’s concerns about the need to focus on standards of conduct. insuranceNEWS.com.au is a free online daily news bulletin for Australia's general insurance industry and the wider financial services community. Meet leaders and thinkers from across the industry, check out the social scene and gather so much more from Insurance News (the magazine) – the industry’s largest and most popular news publication. Frequency 1 post / dayAlso in Insurance Blogs Magazine … FEB/MAR 2014 - Insurance News (the magazine). There’s much more, of course. Read our latest list of the industry’s top 20 influencers – you don’t have to agree; and learn about an emerging risk that threatens health and workplace stability worldwide. The reinsurance market is awash with capital, and in this edition we report on the impact on premiums and the implications for the future. If you’ve ever wondered how Insurance News (the magazine) became the industry’s most popular and trusted publication, check out this issue. Can we afford class actions? Insurance News also examines an unpleasant truth about the pandemic: it was never about if, but when. Insurance affordability isn’t all about huge premiums in high-risk areas – it’s also about how ordinary Australians struggle to afford the sort of security most people take for granted. We have the answers. We look at the immediate future for insurers as premium rates continue moving up and why the insurance industry took it on the chin and when consumers and ASIC attacked add-on automotive insurance. The latest newcomer to the local insurance market is one that’s got competitors worried. Learn about revolutionary ways to tackle bushfires before they get out of control, how a “fair go” has become a major aspect of claims dispute resolution, and some reminders from experts on the need to focus on the growing dangers of climate change. OCT/NOV 2019 - Insurance News (the magazine). And we show how insurers are reshaping their investment portfolios in the face of environmental and social challenges. Brokers in the rural areas report on how things are going beyond the city limits, we meet a company director who finds inspiration for his novels in the boardroom, a visiting expert provides new insights on innovation, and a bunch of industry veterans have pooled their intellectual and financial capital to invest in the industry. Business Insurance – if your business suffers financially as a result of an event, business insurance can help you recover. How will insurance brokers deal with the fallout from the Hayne royal commission? Insurance Business Awards Canada. It examines the latest technology available in understanding flood dynamics and pinpoints the most flood-prone areas of the country, including a former agricultural area that is now rapidly developing for new communities on the fringes of Sydney. And what’s the true economic value of insurance? The October-November issue of Insurance News (the magazine) features two expert reports that predict a cyclical turn. DEC/JAN 2018/19 - Insurance News (the magazine). Insurance News (the magazine) looks at the influences behind the changes, and how brokers in particular will be challenged by new systems and operating models. General Re’s global CEO Tad Montross explains in an exclusive interview. DEC/JAN 2012/13 - Insurance News (the magazine). Our pictorial record looks at causes and effects and speaks to brokers and industry professionals who lived through the disasters and their aftermath. Insurance Business NZ website. And we look at the convergence of life and general insurance distribution – is it happening, and is anyone really interested? This updating process takes 3-5 business … There’s also the annual feature on the Top 20 most influential people in insurance, plus plenty more to stimulate, inform and surprise in the industry’s liveliest and most popular news magazine. Allianz has been recognised as Australian General Insurer of the Year at the 2019 Insurance Business Australia Awards. We’ve got an exclusive in-depth interview with Lloyd’s Chairman John Nelson, who speaks frankly about the challenge of modernising the world’s oldest insurance market as it strives to cement its place well into the future. Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. It also looks at how brokers are stepping out with their own advertising campaigns, examines the truth behind “soft” and “hard” markets, and points out how your office chair can be a silent killer. FEB/MAR 2016 - Insurance News (the magazine). Calling for the industry to “use its wit and intelligence” to address flood insurance issues, he also says the standard definition of flood “is only a first step”. And, of course, our annual list of the Top 20 most influential people in general insurance also runs in this edition. The December edition of Insurance News (the magazine) contains our annual list of the 20 most influential people in the insurance industry. Legal experts discuss some of the issues that may keep courts busy for the next few years, and we investigate options to secure nationwide disaster cover. Want to know what’s really going to push premiums up? APR/MAY 2020 - Insurance News (the magazine). APR/MAY 2012 - Insurance News (the magazine). Carefully researched articles into this unprecedented event look at how the economic “hibernation” and resulting business slide will put more pressure on brokers to demonstrate value as SME clients seek ways to cut costs. It’s Berkshire Hathaway Speciality Insurance, and our exclusive report in the June/July edition of Insurance News (the magazine) introduces you to its 33-year-old Australian CEO, who has big plans and the backing to carry them out. For news backgrounders, profiles and features that keep you up to speed on what’s driving the local and global insurance industry, there’s no other publication like Insurance News (the magazine) – Australia’s largest-circulation magazine devoted to insurance. JUN/JUL 2017 - Insurance News (the magazine). What happens in reinsurance over the next year or two is likely to change the face of general insurance. This issue also examines the arrival of authorised representatives as a major force in the industry, CGU’s massive reinvention program, and the end of an era for liability classes as profit pressures increase. That’s just one of the articles that makes Insurance News (the magazine) the region’s most popular general insurance print publication. Important updates and information from MetLife Australia … OCT/NOV 2018 - Insurance News (the magazine). The inaugural Insurance Business Awards will bring together industry leaders to celebrate excellence in the insurance profession, recognising leading brokers, brokerage businesses, insurers and underwriting agencies in Australia … The Top 10 Influences – a departure from our annual list of the Top 20 Influencers – looks at the different ways our industry has been pushed and pummelled through the year by a whole series of seemingly unrelated events – we can’t blame the pandemic for everything, however – and how they are reshaping the way insurance goes about its business. A special feature in April also takes you inside the world of the underwriting agencies – an increasingly powerful sales channel in the general insurance sector. What’s going to push rates up? What does the arrival of an El Nino weather system mean for Australia and the local industry? It has to be IAG, right? Ltd. is headquartered in Australia. Our August/September edition also tracks progress in Zurich Australia’s revamp, explains how a bunch of insurance leaders are setting up their own “shark tank” so brokers can spruik their brightest insurtech ideas, and examines emerging risks and the future of broking in a technological world. Like a catastrophic love affair, 2020 altered our lives and try as hard as we might not to look back on it, we won’t be able to help ourselves. 234708 is the insurer of any general insurance products offered on this website. FEB/MAR 2017 - Insurance News (the magazine). Among a wide range of other articles we’ll discuss the challenges for brokers in the digital age, how one insurer is transforming a vital service sector, and how more companies are turning to innovation as the best way forward. You’ll be surprised how long some of those issues have dragged on. FEB/MAR 2018 - Insurance News (the magazine).