A financial services veteran has issued some soothing words to brokers this week, saying the profession remains of critical importance despite rapid and sometimes worrying changes. “This is a fantastic industry and the role of a broker is still needed today, more so than ever,” says Clifton Warren, principal of Corporate Eye Consulting. “We have […]
KANGAROO COLLISIONS ON THE UP
They may be Australia’s national animal but it seems the much-loved kangaroo could be causing a headache for insurers after reports indicated a sharp increase in the number of ‘roo-related car crashes. Smash repairers in Australia’s south-east told ABC News that they’ve seen a dramatic jump in the number of cars colliding with kangaroos, with […]
PURCHASING BUSINESS INTERRUPTION INSURANCE
5 REASONS WHY PURCHASING BUSINESS INTERRUPTION INSURANCE HAS BECOME A TOP CONSIDERATION FOR CORPORATIONS IN ASIA-PACIFIC Risk barometers, risk reports and global risk management surveys all indicate Business Interruption as one of the main risks companies face today. During Swiss Re Corporate Solutions ‘award winning’ business interruption masterclass, we’ve had the opportunity to present to […]
INSURANCE AND THE DIGITAL HEALTH REVOLUTION
Healthcare is about to change beyond recognition. A host of technologies are uniting to transform the way we treat patients and develop cures – from artificial intelligence to remote patient monitoring and interactive telemedicine services. According to Rock Health, $1.6bn of funding flowed into the eHealth sector during the first quarter of 2018, exceeding comparable […]
OBSCURE ROAD RULES CATCHING OUT AUSTRALIAN DRIVERS
We’d all like to think road safety messages have started to sink in for Australian drivers. The majority follow the rules by sticking to the speed limit, obeying traffic signs and ignoring phones and other hand-held devices while behind the wheel. However, a shocking stat released by finder.com.au shows that 70% of Aussies have admitted […]
FAR OUT FRIDAY: FIVE-YEAR-OLD LANDS PARENTS WITH $177K BILL
The ‘you-break-it-you-buy-it’ rule may be every parent’s worst nightmare but it’s one that could be about to come true for a US mother after her son knocked over an incredibly expensive sculpture. Sarah Goodman was attending a wedding reception at a Kansas community centre when her five-year-old attempted to hug a mosaic bust but accidentally […]
THE TRUE MANAGEMENT LIABILITY SOLUTION FOR SOLE TRADERS
The W. R. Berkley product detailed below is just one example of a product which can cover Management Liability exposures for sole traders. If you are concerned about some of the below exposures, please contact us to discuss Management Liability further. Management Liability (ML) was developed after the realisation that Directors and Officers provided limited […]
CYBER WARNING: WEB-BASED CORPORATE EMAIL COMPROMISES RAPIDLY...
As the rate of corporate email compromise increases, ensuring that you are insured for Cyber Incident Response is a must-do. Contact us now to discuss options. CYBER ALERT – JULY 2 2018 Web-based Corporate Email Compromises Rapidly Increasing The CFC Incident Response team has seen a surge in cybercrime against corporate web-based email accounts, like […]
YOU CAN PROTECT YOUR BUSINESS FROM UNFAIR CONTRACTS
You Can Protect Your Business From Unfair Contracts The takeaways from our second bulletin include the following: the “unfair contract terms” legislation only applies to contracts that are both a “small business contract” and a “standard form contract”; a small business contract is one where the contract is for the supply of goods or services, […]
DATA REVEALS EXTENT OF RISING REPLACEMENT COSTS
A new report is highlighting the rising cost of replacing home contents after analysing figures from the past 10 years and comparing them to recent data. According to specialist research firm Sum Insured, it now costs almost $15,000 more to replace the contents of a typical home than it would have done in 2007. There […]
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