QBE

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Zurich General Insurer of the year 2014

1148 members of NIBA (National Insurance Brokers Association) have voted Zurich General Insurer of the year 2014, this follows a similar result in 2013. The award had been previously won by QBE for 11 years in a row. QBE and CGU were the other finalists. This award follows on from other awards the insurer received in 2013 including Insurance Business ‘Brokers on Insurers Survey’ – Zurich named Insurer of the Year, Money Magazine’s annual Best of the

Life Insurers Profit Drops by 25%

The latest Life Insurance performance statistics release by the Australian Prudential Regulation Authority (APRA) shows a decline in profit despite an increase in revenue. For the twelve months to 30 September 2013  the industry net profit after tax was $2.2 billion, a decrease of 26.5 per cent from the previous year’s profit of $3.1 billion.The September 2013 quarter profit was $441 million compared with the June 2013 quarter profit of $391 million(representing a 12.8 per cent increase) and

Zurich Named Insurer of the Year

National Insurance Brokers Association’s (NIBA) member have chosen Zurich as their 2013 Insurer of the Year, the award was announced at the NIBA convention taking place in Melbourne. The winner for the previous 11 years was QBE. The winner is voted in by the Brokers. Zurich offer a range of insurance products in Australia including house insurance, income protection, strata, life insurance,

QBE Latest Insurer to Offer Mandatory Flood Cover

QBE has announced it will offer mandatory flood cover, they will use the Insurance Council of Australia’s National Flood Information Database (NFID) and there own data to rate the properties risk. New properties with a high flood risk will be rejected and  existing client with high risk polices will be offered renewals but at an increased premium.   Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the

Travel Insurers Claims Ratings Mixed

A review of claim experience for clients by insurance claims comparison site claimscomparison.com.au has found not all travel insurers are are they same, they reviewed hours of contact availability to a claims representative, chance of a dispute going to the Financial Ombudsmen Service (per 100,000 policies) and average length of time to resolve a dispute in months. Quotesonline team choose 4 well know travel insurers below. Insurer InsurersAIG Australia Insurance Limited (Previously Chartis) Claim Rating Claims

Business Cutting Back on Insurance

Insurance Australia Group chief executive Mike Wilkins has told businessday.com.au that Australian companies are seeking lower premiums or are cutting cover, in what IAG see as sign of softning economic conditons. ”People are just very conscious of their expenses and I know for some businesses it’s tough,” Mr Wilkins said QBE, IAG and Suncorp – last week signalled softer rates of domestic growth in revenue from insurance premiums in the year to come.

QBE Reinvesting in Insurance Brokers

QBE is reinvesting in their service model to better service their broker partners, the Australian insurer has announced changes in the their broker contact model to better service them by phone and electronically. Last month the QBE extended its long-running partnership with the NSW Swifts for a further four more years, through to the end of 2017. QBE Australia is a member of the QBE Insurance Group, Australia’s largest international insurance and reinsurance group and one of the top

Zurich has been named as Australia’s top insurer

Zurich has been named as Australia’s top insurer in Insurance Business’s inaugural Brokers on Insurers survey. The Insurers was ranked first in 8 of 11 categories. CGU, Chubb, Allianz, Vero and QBE also featured in the top spots     Arrange an Insurance Quote Here Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants

QBE no longer offering builder’s warranty insurance in South Australia

  QBE Insurance has announced that it will no longer offering builder’s warranty insurance in South Australia, this follows a rising number of insolvencies. The insure has advised it will stop offering the product from July 1 2013       Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of

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