Insurance news in Australia

An overview of news, trends and research in the Insurance industry in Australia:

The clock is ticking on APRA’s new operational risk management regulation The forthcoming Operational Risk Management regulation from APRA will have a significant impact on financial institutions.
20 September 2024
Oliver Wyman's case for a 'value-driven' approach to transformation In order to keep up with market disruption and technological change, financial sector institutions in Australia have to initiate a raft of transformation programmes every year.
28 July 2024
Why do transformations in the financial services sector fail? For Australian financial organizations that launch transformation projects, the success rate tends to be low.
03 July 2024
NRMA Insurance taps Accenture Song for customer experience work NRMA Insurance has hired Accenture Song to help its sales & marketing team enhance its customer experience.
10 April 2024
Safeguarding financial institutions from nation-state attacks The International Monetary Fund has warned that financial institutions around the world must be prepared for heightened cyber threats.
02 October 2023
How insurance broker Honan is luring management consultants Over the past year, Honan Insurance Group (Honan) has attracted a significant number of professionals from the consulting sector, including multiple senior leaders from the Big Four.
07 September 2023
What the PwC saga can teach firms about professional indemnity Shortly after announcing its intention to sell its 1,750-strong embattled Australian government business, Honan chief operating officer Laurence Basell reflects on what the PwC saga can teach profess
14 July 2023
10 factors to consider when seeking cyber insurance coverage With the cyberthreat landscape constantly evolving and growing numbers of businesses falling victim to attacks, the need for cyber insurance has never been higher.
18 April 2023
Why businesses must carefully assess their cyber insurance options Faced with an increasing risk of attacks against their critical business IT network operations, a growing numbers of Australian businesses are evaluating the benefits of cyber insurance.
21 March 2023
Australia’s evolving business conversation about cyber insurance It took a series of attacks, and a handful of legal cases, for Australian businesses to re-evaluate their cyber insurance policies and explore ways to improve their cover while lowering their premium
28 February 2023
Why securing cyber insurance coverage is becoming more challenging Faced with the very real threat of falling victim to a cyberattack, increasing numbers of Australian businesses are evaluating the worth of insurance policies.
16 March 2022
Staying insurable for your cyber security insurance policy As the risk of cyber threats and its impact continues to rise, insurance companies are tightening their policy conditions.
25 January 2022
Digital transformation in financial services sees an upswing Executives and IT decision makers in the financial services industry believe cloud will be the most important technology to the success of their organisations over the next 12 months.
02 January 2022
HCF works with BCG Digital Ventures on new insurance offering Flip Australian health insurer HCF has joined with BCG Digital Ventures to launch insurtech start-up Flip, which offers innovative on-demand injury cover designed for active young Australians.
22 November 2021
Streamlining the legacy technology landscape in financial services The financial services sector has one of the most elaborate and complex system landscapes around, and as a result, institutions struggle to keep their entire portfolio up-to-date.
31 August 2021
Bain brings its NPS Prism Insurance offering to Australia Bain & Company has added a new industry-focused product to its NPS Prism suite in Australia.
03 August 2021
Australia's insurance industry saw profits halve in 2020 Bushfires, storms, floods and a global pandemic have combined to give Australia’s insurance sector one of its worst years on record. KPMG presents the year’s key figures in a new report.
13 January 2021
Covid-19 is reshaping insurance and wealth offerings Covid-19 is likely to leave an enduring legacy in the financial and wealth management sectors, as consumer demands become ever more complex. This is according to KPMG analysis.
08 November 2020
Seven technology innovation trends in financial services Amid a disruptive environment, innovation in financial services is picking up rapidly to meet changing customer expectations, improve internal operations or comply with regulations.
22 July 2020
Design and Distribution Obligations an opportunity for insurance In a new report, PwC has highlighted how the new design and distribution obligations (DDO) that are set to take effect in April next year could be an opportunity rather than an obstacle for insurance
06 May 2020
Report calls for reform in the disability income insurance sector Having been called upon to assess the disability income in Australia, KPMG has found that simplification of products is central to the future development of the disability income insurance sector.
25 February 2020
Australians are increasingly tapping into FinTech services Australia is among six large markets across the globe that have experienced a remarkable jump in the level of financial technology (FinTech) adoption since 2017.
20 August 2019
Two Australian cities among the worlds 20 top financial centres Sydney and Melbourne both retain their position in the top 20 of the Global Financial Centres Index, a financial markets competitiveness report released by British research consultancy Z/Yen Partners
17 September 2018

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