An estimated 238,100 homes, or 2.4%, of all Australian households have experienced a break-in in the past financial year, the latest crime victimisation survey from the Australian Bureau of Statistics (ABS) has revealed. During the period, an additional 1.9%, or 185,800 homes, have encountered an attempted break-in, while 0.6%, or 62,800 households, have been a […]
We remember
IDF joins up with Start Network to forecast climate risks
The Insurance Development Forum (IDF) has partnered up with Start Network – a coalition of more than 50 humanitarian charities – to support a new global finance service that prepares communities of weather-related calamities before it takes place. The new tool called Start Ready will allocate pre-planned funding at scale for predictable crises such as […]
ICA boss: “You shouldn’t leave Australia without travel insu
The Insurance Council of Australia (ICA) has reminded Australians that travel insurance is as essential as a passport if they are going overseas. Many countries are open for visitors again after eradicating, or at least gaining control over the COVID-19 pandemic. However, some countries, including Singapore, the UAE, and Thailand, now require travellers to have […]
Combating the hidden cyber risk
With an increasingly interconnected and technology-dependent society, awareness of cyber risks has grown, and these are being increasingly discussed by risk managers and company decision-makers. Following the outbreak of the COVID-19 pandemic, firms rapidly turned to virtual ways of doing business to cope with limited mobility and face-to-face gatherings. “The pandemic and transition to fully […]
How COVID has changed the way consumers choose businesses on...
Choosing a business online was once a relatively straightforward process. Customers would perform a search and simply select a nearby business with a high rating. COVID has changed the status quo. Today, consumers are incredibly nuanced and demand interactions and experiences that are convenient and memorable. However, for small businesses looking to stand out from […]
How SMEs can take a multi-faceted approach to environmental ...
Carbon emissions continues to be a key theme of climate change policy debate and businesses have started placing greater emphasis on achieving carbon neutrality. However, to be truly environmentally responsible, SME businesses would be wise to shift their focus beyond carbon emissions. It is not only important for SMEs to be sustainable to protect the […]
Reporting of ransomware payments to be mandatory
A new law is to be introduced requiring the reporting of ransomware incidents as the Australian Government makes clear it does not condone conceding to the demands of cyber criminals. A Ransomware Action Plan, published today, outlines the powers Australia will use to combat ransomware after the nation experienced a 15% rise in attacks reported […]
Australian technology start-up creates world’s most efficien
Solar start-up engineer Vince Allen knew he and his team had made something special in their laboratories. In the solar world, efficiency is a big deal. “The fundamental driving factors behind solar adoption come down to efficiency and cost,” Mr Allen said. “Being able to fabricate the most efficient commercial-sized solar cell is an achievement […]
QBE research reveals water damage risk
New research from QBE Insurance has revealed the risk of water-related damage incidents is high even as many are working from home because of COVID-19 lockdowns, reinforcing the need to conduct regular maintenance and checks. QBE says its survey in June of more than 1000 respondents found about 77% of those who experienced water damage […]
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