The construction insurance market in Australia is changing in 2021, with some insurers leaving the market, resulting in an increase in pricing, rising excess levels, and more restrictions placed on policies and claims. In addition, COVID-19 has had an impact on the construction industry and related losses. New and changing reforms around Mandatory Insurance for those in the construction industry…
The year 2020 was one of unprecedented circumstances in every aspect of life around the globe, and one that forced each industry to adapt. As we continue to move forward in the COVID-19 world, as restrictions and border closures are eased and then reinforced, the importance and role of travel insurance is ever-evolving. After a massive decline in growth in…
As the world continues to become more digitalised, with remote working becoming a new norm, and the cyber market ever-evolving, the threat of cyber attacks continues to rise. As a business or organisation, a cyber attack can have massive ramifications, both financially and otherwise. Disruption to business, loss of customers, tarnishing of reputation, and the large amount of time and…
Home, contents and strata insurance premiums differ from property to property, and between different insurance providers. But which region in Australia largely has the most expensive insurance premiums? An inquiry performed by the Australian Competition and Consumer Commission (ACCC) revealed that northern Australia, on average, has the most costly insurance policies. This region includes north Western Australia, the Northern Territory,…
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