Category Archives: Industry News

AIG rebrands Chartis Australia

Today, American International Group (AIG) announced the rebranding of Chartis Australia to AIG Australia limited. "Reintroducing the AIG name in Australia truly signifies the beginning of a new and exciting era for our team. Noel Condon, CEO of AIG Australia commented. We are committed to embracing the challenges ahead, with a thirst for achievement and leveraging...
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How building standards can reduce insurance premiums

Since 2010 natural disasters have caused billions of dollars of damage across Australia and insurance losses of more than $8.9bn. The Productivity Commissions report, Barriers to Effective Climate Change Adaptation, released in March of this year, found that buildings built to withstand extreme weather conditions have lower insurance premiums. Following the report, the Federal Government preached...
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Australian insurers – Leaders in risk management

Australian business insurance companies are leaders in the Asia-Pacific for advanced risk management practices. This is driven by the Australias strong regulatory systems, according to a report by Standard & Poors (S&P). Only two countries, Australia and Japan have strong enterprise risk management (ERM) scores, according to the S&P. Other countries in the Asia-Pacific, have improved...
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New Victorian Emergency Management Authority

The new Victorian Emergency Management Authority will be a combination of over 40 current agencies streamlined into a central authority. Victorian Emergency Services Minister Peter Ryan has previously stated that the reform will create a genuine all-hazards, all-agencies approach and improve emergency management, with a strong emphasis on risk mitigation. This new authority will streamline agencies such...
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