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Raising Australian standards

After re-licensing all insurers in 2002, the Australian Regulator is moving to a second stage of Prudential Reforms

By Peter Falush.

The collapse of the Australian non-life insurer HIH Insurance in March 2001, which has already resulted in the re-writing of the country's insurance law, is causing further ripples in

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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