Insurers must pay greater attention to catastrophe risk models, particularly when it comes to managing smaller risks and stress testing models, a panel of experts has claimed.
Insurance | June 5th, 2014 | Continue reading »
Suncorp’s investor day last week provided another signal that revenue growth is becoming increasingly difficult in financial services, making cost savings the means to growing profits.
Insurance | June 3rd, 2014 | Continue reading »
Coles’ launch of a simple and affordable life insurance product is an attempt to address the issue that Australia is one of the most grossly underinsured countries in the OECD, according to its backer.
Insurance | May 30th, 2014 | Continue reading »
Analysts put more store in the steady performance of Suncorp’s core general insurance business and prospect for capital returns than they did in its belated recognition of the life insurance industry’s woes.
Insurance | May 29th, 2014 | Continue reading »
Suncorp has announced a $500 million write down in its life business plus higher impaired agri and commercial property loans and provisions in the bank. Group growth forecasts have been cut.
Insurance | May 28th, 2014 | Continue reading »
Competition and the requirement to carry high levels of regulatory capital mean newly-listed Genworth Mortgage Insurance Australia isn’t meeting its cost of capital.
Insurance | May 27th, 2014 | Continue reading »
People’s Choice has led the mutual sector in offering wealth management products and services to its members. It now has the scale that made it time to team up with a new partner, BT.
Insurance | May 22nd, 2014 | Continue reading »
The issue of underinsurance among Australia's population presents a significant opportunity for the life insurance industry but more needs to be done to educate consumers.
Insurance | May 20th, 2014 | Continue reading »
The Insurance Council of Australia has welcomed Federal Budget provisions that recognise the importance of investing in disaster mitigation infrastructure and improving the information available to property owners.
Insurance | May 16th, 2014 | Continue reading »
The life insurance industry must gear itself up for change and seek to address the challenges facing the sector if it is to remain a sustainable and viable option.
Insurance | May 13th, 2014 | Continue reading »