As we navigate through these never before encountered times and hope that we will never be here again, it is clear that New Zealand, Australia and Asian countries have, to date, more effectively contained the spread of Covid-19 than Europe, USA and South America. The medical crisis has paralysed [...]
COVID 19 is a worldwide health crisis and has led to widespread community hardship and economic challenges for businesses across the world. The insurance sector is monitoring and adjusting its operations by incorporating flexible working conditions and encouraging employees to work from home (WFH)...
No one predicted four weeks ago that we would be in the midst of a pandemic. Every day the number of infected and dying people around the world rises and there seems to be no end in sight. What started as an outbreak in Wuhan province in December 2019 [...]
It has been a devastating summer to date in Australia, with unprecedented bushfires burning uncontrolled for a sustained period in many States. Data available from the Insurance Council of Australia indicates insurance losses are in excess of $2 billion, with over 23,000 claims lodged to date. There has been [...]
Unlike last year when the claims environment was relatively benign, we end 2019 with some major storms in NSW and QLD and unprecedented fires in almost all states of Australia. From discussions with members in New Zealand and Asia, 2019 has been a relatively quiet year for claims. Nothing [...]
Dear Member, How many of us in the insurance industry said, ‘I am going to be a loss adjuster when I grow up’? In fact, how many of us knew what a loss adjuster did? How may Career Councillors in schools and colleagues even know anything about the insurance jobs [...]
Dear Member, the months of September and October are a busy time for AICLA with a number of major activities: the Sydney Claims Convention, 2020 diary, audit and Annual Report, Board Meeting, AGM and a range of Division events. All members should have received a copy of the 2018/19 [...]
Dear Member, the entry of Insuretech and use of Artificial Intelligence (AI) in insurance claims processing is still in its infancy and the pace of change may be relatively slow but is inevitable. AI will become a facet of claims handling in the very new future. One Insurer is already [...]
Dear Member, I am pleased that over 200 attendees have been confirmed for CC19 in Sydney on 24 September. If you have not already registered, you still have time to do so by following the link in the Upcoming Events below. There is a good cross-section of delegates attending, [...]
Dear Member, Customer attrition is the biggest threat to an insurer’s profitability. People usually can’t be bothered reviewing their insurance, unless there is a prompt. The top two triggers to churn are a perceived better price and a poor claims experience. A poor claims experience has added impact, because [...]
