Both customers and the market are changing, says executive
Intermediaries are expected to have little problem following the ICA’s new Code of Practice which went live today, though a broking body has called on them to take note.
An independent insurance company, which failed to reach an agreement on matters with a potential buyer, has said it will now focus on its specialist areas rather than look for another acquirer.
Plans for an underwriter to acquire a specialist insurance company have been abandoned after the parties failed to agree on “certain final commercial matters”.
A general insurance broker is building towards the ambitious goal of being a "major player" in the industry, as it looks to benefit from opportunities stemming from consolidation and diversification.
Not paying claims has proved to be one of the most common complaints levelled by broker intermediaries at their insurers, with brokers united in their desire for insurers to focus on improving claims turnarounds.
An insurer has heaped praise on government plans to privatise CTP after 25 years.
A broker network's chief operating officer is resigning from his role to pursue other interests.
A leading broker network has hired a new head of marketing who has promised to develop campaigns that will deliver a boost to member businesses.
One insurance body has given the nod to potential plans for an insurance aggregator for strata title insurance in Queensland, though it warns a comparison site will not address the fact that higher prices in the region reflect higher risk.
A heavily indebted businessman faked his own death and cremation to cash in on a $2m insurance policy.