The Royal Commission has provided a blueprint for raising the bar on the design, implementation and oversight of remuneration that will have impact beyond just financial services firms.
Climate experts predict that this intensity of extreme weather events is likely to become the norm, with raging wildfires and heatwaves also increasing losses.
The life insurance sector, like much of the financial services industry, is currently under great scrutiny. But the full picture, while not rosy, is a lot healthier than many might believe.
There has been many adverse media stories in recent years over life insurance, with accusations of people paying twice for policies they don’t need and their benefits being eroded.
The $5 trillion global Insurance industry represents the greatest long-term opportunity for disruption in financial services.
After the series of natural disasters which decimated the general insurance industry’s results last year, there has been a slight reversal in fortune – although this year’s result is probably ‘average’…
Insurance is an industry ripe for disruption. Around the world, insurers are struggling with myriad challenges including low level of consumer trust, high competition, a low interest rate environment, shrinking…
Insurance is, by its very nature, an unpredictable business. And this year’s figures prove that all too clearly.
Innovation and disruption are the two current buzzwords of business. Those who don’t innovate tend now to be disrupted. And the insurance sector is a prime example of this.
There has been much media coverage and profile in recent months over banking regulation – the debate over additional capital requirements post-GFC at both Australian and global levels is still…