Insurance News

Allianz confirms hundreds of job cuts as AI reshapes insurance

Allianz confirms hundreds of job cuts as AI reshapes insurance

Chief executive confirms earlier Insurance Business reports – and that Artificial Intelligence is the cause

Matthew Sellers Jul 08, 2026
Shipping tensions leap as Trump says Hormuz ceasefire is “over”

Shipping tensions leap as Trump says Hormuz ceasefire is “over”

“They’re liars, they’re cheats, they’re sick people” says President

Renewable energy underwriting shifts beyond generation capacity

Renewable energy underwriting shifts beyond generation capacity

Willis finds capacity remains available for well-managed renewable projects but BESS fire risk, transmission constraints and elevated reinsurance costs are making underwriting decisions increasingly project-specific

Aon takes both NSW/ACT broker awards as NIBA data shows early-career entrants at their lowest share

Aon takes both NSW/ACT broker awards as NIBA data shows early-career entrants at their lowest share

Double victory comes as NIBA flags an ongoing shortage of younger brokers

Middle East conflict links marine and trade credit risks

Middle East conflict links marine and trade credit risks

Premiums, reinsurance, and insolvency forecasts are moving together for insurers

NIBA code draft expands strata remuneration disclosure

NIBA code draft expands strata remuneration disclosure

Remuneration-disclosure breaches rose from 42 to 334 in a single year, none of seven examined brokers consistently met existing Code safeguards, and consumer groups say the draft may not be enough

Bali theft fears mask travel insurance’s biggest claims risk

Bali theft fears mask travel insurance’s biggest claims risk

Single-item sub-limits set below current smartphone values and ambiguous wording on unattended items are the product questions the Bali theft trend raises for underwriters

Chronic conditions reshape Zurich's Australian claims profile

Chronic conditions reshape Zurich's Australian claims profile

Mental health TPD claims among Australians in their 30s have risen more than 700% in a decade, and APRA says the lump-sum product structure was not built for today's dominant claim drivers

Inverter fires put solar projects under insurer scrutiny

Inverter fires put solar projects under insurer scrutiny

Underwriters are lifting deductibles on solar farm cover as inverter losses climb but brokers with a mitigation story can hold the line

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