The rise in cyber attacks is forcing companies to rethink their approach to risk management, according to a new report from Marsh & McLennan Companies’ Global Risk Centre and education and development organization WomenCorporateDirectors (WCD). “With increasing threats of attack on their data and systems, boards are demanding much more information about their organizations’ risks […]
CREATING ‘BIONIC BROKERS’ WITH THE HELP OF CHATBOTS
Would you buy brokered insurance from a chatbot? And would you trust its advice on commercial insurance needs? We’d be interested to hear your thoughts – contact us now! Half-human, half-computer, the bionic broker uses virtual assistants to be ‘open’ to potential customers at all times of the day and build the right quote […]
AUSTRALIA AMONG REGIONAL LEADERS FOR CYBER PENALTIES
Can your business afford to be without insurance for Breach Notification costs? Arranging cover is not as daunting, or as expensive as it may seem. Contact us to discuss. Australia is one of the strictest countries in the Asia-Pacific region when it comes to data breach penalties, a new report has found. The Data Risk […]
WILL WE HIT THE BRAKES ON AUTONOMOUS CARS AFTER FATAL UBER C...
Driverless cars may be the way of the future – but as with anything involving cars, they are fraught with danger… Uber Technologies’ autonomous vehicle testing was brought to a halt this week after a crash involving one of its vehicles killed a woman in Arizona – thought to be the first pedestrian fatality involving […]
ARE PAYPAL CLAIM PAYMENTS THE WAY OF THE FUTURE?
Relying on old-fashioned payment methods, including cheques, is hindering the insurance industry when it comes to offering up-to-date customer service, and modernising the process could help them gain a competitive edge, according to one firm. “A lot of the problems that we see in the insurance industry are around inefficiencies in claims payouts, mainly around […]
RECALL ON TAKATA AIRBAGS
If you are concerned that this recall may effect you, please check here for additional information. The Australian Competition and Consumer Commission is urgently seeking information from the Department of Infrastructure and Regional Development (DIRD) and car manufacturers regarding Takata airbags at the centre of the largest vehicle recall in history. Since 2009, more than […]
‘ADD ON’ INSURANCE DOMINATES CONSUMER COMPLAINTS
… and it’s no surprise. Transparency in insurance add-ons is often difficult to find. What are you paying for, does it actually add any benefit to your policy, and are you covered for what you need to be covered for? Using a broker circumvents these issues – we can discuss your needs with you and […]
PERTH MAN ALLEGEDLY FAKES CAR-JACKING ORDEAL FOR INSURANCE P...
A Perth man has been charged with creating false belief and attempt to gain benefit by fraud, for allegedly fabricating a two-hour car-jacking incident for insurance payout. The 28-year-old told detectives that two men got in on his Ford Falcon on Howe Street in Osborne Park on Feb. 7, forced him to drive for roughly […]
MORE AUSTRALIANS TAKING UP CREDIT CARD TRAVEL INSURANCE
Credit Card Travel insurance is a very affordable cover. But it is often rife with terms & conditions and lacking in certain crucial covers. As an example, if you are travelling ensure you are covered if an act of terror occurs. For a fairly-priced and extremely comprehensive cover, visit the travel insurance section of our […]
PLASTIC PUMPKIN FOILS FRAUDSTER
A tram driver in the US has been indicted on charges that he hired a man dressed in a Halloween costume to attack him at work in a bid to fraudulently claim workers’ compensation insurance. Thomas Lucey has been indicted on two counts of insurance fraud and single counts of workers’ compensation fraud, misleading police […]
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