KPMG

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David Jones: the insurers walked out long before the administrators walked in
Trade credit underwriters stopped covering stock bound for the department store months ago. Suppliers who kept shipping are now the most exposed
David Jones: the insurers walked out long before the administrators walked in
Rising claims costs hit corporate health renewals as HCF profit halves
Hospital cost inflation is outpacing premium growth, putting pressure on corporate health plan renewals brokers manage
Rising claims costs hit corporate health renewals as HCF profit halves
Men’s therapy dropout rate linked to mental health claims surge
Treatment disengagement is extending claim durations and compounding return-to-work challenges across group cover portfolios
Men’s therapy dropout rate linked to mental health claims surge
Brokers now choosing networks for culture over compliance, NIBA research reveals
AR network premiums have quadrupled in a decade as the model shifts from licensing to full business support
Brokers now choosing networks for culture over compliance, NIBA research reveals
US state court slams Meta with a fine bigger than the GDP of multiple countries
In 2020, Australia's privacy regulator sued Facebook using the same maths, and ended up taking a small fraction of what a state with less than 10% of our population has been awarded.
US state court slams Meta with a fine bigger than the GDP of multiple countries
Brokers are using AI but many brokerages haven't written the rules yet
Australian data suggests staff are adopting AI faster than their firms and a Privacy Act change in December may force principals to act
Brokers are using AI but many brokerages haven't written the rules yet
ASIC to share Big Four audit findings by year-end
Regulator flags reform push as KPMG loses ANZ, Macquarie and IAG
ASIC to share Big Four audit findings by year-end
Life insurers decline medical definitions review in Code response
CALI has told Insurance Business why it stated a position on standard definitions instead of commissioning further work
Life insurers decline medical definitions review in Code response
Life insurers commit to Code changes while deferring hardest questions
Voluntary code commitments on mental health cover and claims handling leave key product and process questions unanswered until mid-2027
Life insurers commit to Code changes while deferring hardest questions
Insurers rate themselves AI leaders but none has rebuilt distribution around it - KPMG
Almost half of insurance executives put their firms in the top quartile for AI, yet no carrier surveyed has fully redesigned sales, distribution or underwriting
Insurers rate themselves AI leaders but none has rebuilt distribution around it - KPMG

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