Clients forced to cut cover to save on costs
A broker claims that clients in one part of the country are sometimes being forced to accept insufficient coverage in order to cut costs, following significant increases in premiums.
Insurer targets outbound Australian smaller corporates and SMEs
A major insurer is in the process of re-engineering its current international offering for large clients to target smaller corporates and SMEs from Australia that are looking to do business abroad.
Insurance aggregators could soon be 'redundant'
An insurer has predicted that insurance aggregators themselves could soon be disrupted and supplanted by other technology that would render their business models redundant.
Comment: Code highlights role of brokers on commercial claims
The 2014 General Insurance Code introduces new compliance requirements for insurers in the retail sphere, but where does it leave brokers and clients who are predominantly commercial? Gold Seal's Lorraine Calway explains.
Premium funder reveals string of new broker initiatives
A premium funding provider is in the process of enhancing its value proposition, as it gets ready to roll out a number of new initiatives that will streamline service and reward broker loyalty.
Reinsurers accused of getting climate change risks wrong
Reinsurers may be blind to the fact that climate change has already started to affect their risk exposures.
Next generation: Only 1 in 5 new producers is successful
Insurance brokers need to go that extra mile to get the right recruits at the outset, as putting candidates through extended interview processes can weed out the unwilling, according to experts
Insurer decentralises underwriting, moves to portfolio management
A specialist insurer has made significant changes to its underwriting operational structure in a move its CEO hopes will improve responsiveness and expand its capabilities in the SME market.
Underwriters facing pricing and business model test
Construction industry underwriters are facing pricing and business model pressure now and into the future, with one leading specialist saying pricing is as low as he has ever seen it
Five Minutes With...Daniel Smith, Actuaries Institute
The president of the Actuaries Institute, Daniel Smith talks about getting rid of the management of profit and loss, creating a benevolent dictatorship and the challenge of meeting compliance requirements.