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Floods in June hit a number of areas of the Coast.   The Insurance Council of Australia will next week hold two insurance forums for Tasmanian claimants affected by flood and storm damage caused by last month’s east coast low. The forums will be attended by the ICA, key insurance companies, … [Read more...] about Insurance forum for flood and storm issues

The growing threat of hacking and a duty to protect data more stringently will accelerate demand for cyber insurance in Europe, insurer Allianz said on Wednesday, as it launched its first product aimed at Germany's small-to-medium-sized manufacturers. Cyber insurance has been slow to take off in … [Read more...] about Allianz sees cyber premiums as fire insurance of 21st century

The long-awaited National Disability Insurance Scheme starts rolling out across Australia from Friday for the next three years. National Disability Insurance Agency chairman Bruce Bonyhady said this would revolutionise disability support and transform the lives of 460,000 disabled Australians, … [Read more...] about NDIS begins to rollout across Australia

If, or more accurately, when your company is hit by a cyber attack, do you have what you need to recover? Do you know what kind of losses you can afford to absorb in your bottom line? How do you manage your risks? Have you thought about whether you need cyber insurance? Back in 2011, Sony’s … [Read more...] about Cyber insurance is changing the way we look at risk

Australian businesses have been warned they need to spread the risk in their cloud computing operations across different regions after the Sydney storms on Sunday knocked out the operations of numerous Amazon Web Services customers. The ferocious storms that hit NSW, left AWS clients including … [Read more...] about The storms took out Amazon customers like Foxtel & Domino’s, highlighting a key risk with the cloud

Credit insurance could play a more important role for businesses throughout the region as risks continue to rise, a new study has found. In a report published by international credit insurance leader Coface, there has been no improvement in corporate payments in Asia Pacific in 2015 with 70% of … [Read more...] about Credit insurance could play a more important role

There is unlikely to be a surge of women in leadership roles in the insurance industry anytime soon, according to an Australian spokeswoman for Ernst and Young. The comments came after a recent global poll by services firm EY, which revealed that just 6% of insurers believed that there would be a … [Read more...] about Survey indicates higher level of female leaders in insurance unlikely in near future

    Community tip-offs are helping the insurance industry and state government of New South Wales in their fight against insurance fraud linked to the CTP Fraud Taskforce. The Taskforce, launched last month, is already yielding results as members of the public have tipped off the insurance … [Read more...] about State crackdown on insurance fraud gets community support