Whether it’s the birthplace of a nation, the emergence of a superhero or the humble beginnings of an industry, everything has an origin story. Insurance is no different. But the story of insurance is a whole lot more than a series of misadventures of a bumbling stunt driver or the romance between Rhonda and her […]

The impact of climate change is being felt in more ways than ever, according to one industry expert. Geoffrey Au, APAC chief risk officer for Zurich, said Asia Pacific is among the most vulnerable regions to the effects of climate change.“Climate change is exacerbating more risks than ever before in terms of water crises, food shortages, […]

Underinsurance is when you don’t have enough insurance to cover all the costs of rebuilding your home. You are considered to be underinsured if your insurance covers less than 90% of the rebuilding costs. Increasing your insurance cover may not cost very much, and you may even be able to get more cover for the […]

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How do you know if your assets are covered for bushfire damage? Most household insurance policies cover you for bushfires Make sure you understand what coverage you have, as well as any exclusions or limits that may be a part of your insurance policy. It is important to be aware of these exclusions and to query […]

In Australia, the reality of natural disasters such as flood, fire and even earthquakes can strike without warning. Your business is critical to your financial wellbeing and could also be a necessary service to your community, so naturally you want to protect what you can. Emergency management planning can help you identify risks to your business, […]

Common exclusions in aviation insurance policies may stymie coverage for families of the victims of EgyptAir Flight MS804, as new evidence seems to point to deliberate sabotage of the aircraft, which plunged into the sea while flying from Paris to Cairo in May. Trace levels of the explosive material TNT were found on debris from the […]

It may seem like a high-flying idea but drones are set to have a major impact on the insurance industry through business practices and new coverage. Mark Mitchell, CEO Asia of Allianz Global Corporate & Specialty, told Insurance Business that drones will be key to the industry over the coming years. “Drone data could drive the future of […]

The Insurance Council of Australia (ICA) has declared the major flooding around Forbes in the Central West of New South Wales a catastrophe. Rob Whelan, ICA CEO, said the insurance industry was still unclear about the full extent of damages to residential and business properties and crops, but had escalated its response to help policyholders. Read […]