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Life insurers struggling to meet claims-handling obligations

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Total breaches of Code obligations have increased for a third consecutive year according to the latest report released by the Life Code Compliance Committee (Life CCC). Despite the total breaches rising by 9%, the Annual Industry Data and Compliance Report found that the number of customers impacted by breaches declined between 1 July 2022 and 30 June … Continued

Flood insurance inquiry to hold hearings in Melbourne and regional Victoria, 17-19 April

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The House Standing Committee on Economics will hold public hearings in Melbourne and regional Victoria from 17–19 April as part of its inquiry into insurers’ responses to 2022 major floods claims. The Committee will hold public hearings at: Maidstone Community Centre, Maribyrnong – Wednesday 17 April Rochester Shire Hall, Rochester – Thursday 18 April Heathcote RSL Hall – … Continued

Programs published for flood insurance inquiry hearings in Caboolture, Logan and Lismore, 9-11 April

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The House Standing Committee on Economics has published the programs for its upcoming public hearings in Caboolture (Moreton Bay), Beenleigh (Logan) and Lismore (northern NSW) on 9–11 April for its inquiry into insurers’ responses to 2022 major floods claims. The hearing programs are available on the inquiry website. Committee Chair Daniel Mulino MP said it was not too late for locals … Continued

BizCover launches BizCover for Kids: Servicing the smallest of all Australian businesses

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Watch video here: https://www.youtube.com/watch?v=T6P6nIweKZM In a bold move that rocked the insurance industry, Australia’s leading online business insurance platform, BizCover, has launched its newest service – BizCover for Kids. BizCover for Kids specialises in providing tailored cover* for Australia’s youngest entrepreneurs while being backed by 8 new key players, including Toycover, Play Protector and Kidsinsure. … Continued

BizCover launches BizCover for Kids: Insurance for the smallest of all Australian businesses

By API User

In a bold move that rocked the insurance industry, Australia’s leading online business insurance platform BizCover has launched its newest service to protect kids businesses called, BizCover for Kids. Watch on YouTube – https://www.youtube.com/watch?v=IU1uoC687qE BizCover for Kids specialises in providing tailored cover* for Australia’s youngest entrepreneurs while being backed by 8 new key players, including Toycover, … Continued

Flood insurance inquiry to hold hearings in south-east Queensland and northern NSW, 9-11 April

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The House Standing Committee on Economics will hold public hearings in the Moreton Bay and Logan regions (Queensland) and the Northern Rivers (New South Wales) on 9–11 April as part of its inquiry into insurers’ responses to 2022 major floods claims. The Committee will hold public hearings at: The Hub, Caboolture, Queensland – Tuesday 9 April Beenleigh Events … Continued

Flood insurance inquiry to hear from affected communities and key agencies

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The House Standing Committee on Economics has announced new public hearings as part of its inquiry into insurers’ responses to 2022 major floods claims. In March, the Committee will wrap up hearing from insurers and reinsurers. It will also hear from key departments and agencies, including Treasury, the National Emergency Management Agency and the Australian Competition and … Continued

Kaplan Professional Australia enters new phase of expansion in Asia-Pacific with key appointment

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With the continued success of the High Net Worth (HNW) Certification and positive reception to the launch of the Fellow Chartered Financial Practitioner (FChFP) Certification with its partner the Insurance and Financial Practitioners Association of Singapore (IFPAS), Kaplan Professional Australia has signified its intent to enter a new phase of expansion in Asia-Pacific with the … Continued

Brokers must improve reporting practices

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The Insurance Brokers Code Compliance Committee (IBCCC) has observed too many instances of brokers failing to accurately report breaches and complaints in their Annual Compliance Statements. In an effort to address this concerning trend, the IBCCC is intensifying its scrutiny of reporting practices, particularly in anticipation of the upcoming Annual Compliance Statement submissions, and has … Continued