Exit of Catholic Church Insurance creates a void in marketAugust 10, 2023
One of Australia's oldest insurers, Catholic Church Insurance (CCI), decided earlier this year to voluntarily place the organisation into "run off" and wind down operations after it could not raise the required capital needed to continue operations in line with regulatory requirements.
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Directors & Officers insurance market updateAugust 10, 2023
Shifts in the market are leading to improved conditions while emerging challenges create opportunities and demands.
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Introducing parametric insurance. Empowering companies to confront climate change risks head on.June 29, 2023
As the impact of climate change continues to shape our world, companies are seeking alternative insurance options to tackle the rising costs of traditional policies and address the hazards brought about by major natural disasters.
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Insurance market update: Q1 – 2023June 29, 2023
Prices crept 7% in the first quarter of 2023, compared to a 4% rise in the previous quarter. According to a new report published by global insurance broker Marsh, commercial insurance pricing in the Pacific region increased by 7% in the first quarter of 2023 compared to 4% in the prior quarter.
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New Zealand Sets Weather Loss Records with Successive Natural DisastersMarch 13, 2023
A new report issued by the Insurance Council of New Zealand (ICNZ) says that the back-to-back natural disasters that devastated parts of the country earlier this year are expected to set new annual loss records for extreme weather events across the country.
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How the Cyber insurance market is showing positive signs after difficult timesMarch 13, 2023
The Cyber Insurance market has been one of, if not the most challenging and distressed segments of the insurance market over the past 12 – 24 months, due mainly to a high volume of ransomware and cyber extortion attacks that caused havoc to all industries across all jurisdictions.
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Insurance market update Q4 2022November 14, 2022
Overall, conditions in the insurance market have generally been trending in a more positive direction thus far in 2022. However, several factors will likely see the prevailing hard market conditions continue over the longer-term.
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Rethinking insurance in a world of hybrid workNovember 1, 2022
With the shift to remote and hybrid work likely to become a permanent feature of the modern workplace, businesses should review their insurance cover to reflect some of the associated risks.
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How to play it cyber-safe with your liability insuranceSeptember 7, 2022
The ever-rising use of technology during the pandemic has led to an associated increase in cyber-attacks, making it imperative for businesses to carefully select their cyber insurance.
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Directors & Officers Market UpdateJuly 18, 2022
Positive signs in the Directors & Officers insurance market suggest that the volatile conditions which have plagued insurance buyers in recent times are coming to an end.
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Climate change – what it means for your insurance premiumsJuly 12, 2022
The risks of climate change to businesses can no longer be denied or ignored.
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Is your business at risk? We uncover Australia’s top insurance risks in 2022.February 9, 2022
Allianz’s recent survey found that supply disruption and cyber breaches pose the biggest threats to corporate Australia over the next 12 months.
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