The Australian insurance market in 2024 experienced a stabilisation in premium rates and increased competition across many insurance classes. This year also saw a resurgence in insurer profitability, driven by higher investment returns amid a favourable economic environment. But what does … [Read more...] about 2024 Insurance Market Recap: Trends, Challenges and Opportunities
Is Professional Indemnity Insurance compulsory for your business in Australia? There’s no doubt that insurance plays a pivotal role in safeguarding your professional integrity and financial security. Among the various types of Business Insurance, Professional Indemnity (PI) Insurance … [Read more...] about What happens if I don’t have professional indemnity insurance?
Reputation is paramount in the food and beverage industry. In a fast-moving, highly competitive, highly regulated, social-media-centric market, food and beverage companies are continually required to jump through hoops in order to establish trust and reliability with their customers. Further, the … [Read more...] about Product Recall Insurance Now More Accessible for Food Manufacturing Businesses
Previously, I spoke about how, in terms of insurance, businesses can prepare for wet weather events like La Niña. Even if La Niña has not yet translated into wet conditions over the spring season, businesses should still be vigilant over the coming months. A Niña is a phenomenon associated with … [Read more...] about We Haven’t felt the Full Impact of La Niña yet – is it Time to Relax?