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.
Winners of the Australian Insurance Industry Awards explain what gives them the edge over their competitors.
Premiums will continue to fall, but a leading voice on the Australian insurance market has said a benign claims environment puts the onus on insurers to invest profits in new products - not bank them.
Regulatory change was not the most pressing concern last year but this year it is a different story, according to a survey by a leading intermediary.
A brokerage has changed up a business arm, and recruited an experienced professional to head it up.
In a bid to leverage the processes and expertise of a brokerage’s entire business, an intermediary has fully integrated one part of its business into the wider company.