A leading international brokerage has announced that it will establish a managing general agency in Australia and that it has inked an exclusive distribution deal with a wholesale underwriting management company.
The global reinsurance market had a bumper 2014 thanks to a record amount of capital in the industry, according to a new report.
Industry experts have warned that commercial insurance rates will continue to fall thanks to an increase in capital in the global reinsurance market and lower premiums could bring more merger activity.
Increasingly insurance turns to Big Data to help clients make decisions. Lambros Lambrou of Aon Risk Solutions Australia explains how it can be beneficial.
One of the world's largest brokerages says that the future of insurance in Australia will change rapidly thanks to big data and the digital revolution.
The industry is struggling to help clients where their risks have the potential to be catastrophic, according to a major risk management player.
With only days until the annual risk conference kicks off, Aon Risk Solutions says the real challenge for businesses is not facing up to evolving risks but how they address them.
Brokers have been urged not to take recent market data at face value as there is a string of potential drivers of change for which the industry should be prepared.
The CEO of one of Australia’s two largest broking networks has backed up findings in Insurance Business’ Brokers on Insurers Survey 2014 with suggestions the industry could be more "mature" in one particular area.
The ‘frictional cost’ involved in the insurance distribution chain – of which insurance broker remuneration is a large part – has been tabled by a panel of industry leaders as facing pressure from both customers and competition.