Damage to brand and reputation followed by economic slowdown and business interruption have topped the list of business leader concerns in Australia, according to Aon’s 2019 Global Risk Management Survey. “In 2017, Australian respondents ranked regulatory and legislative change as the top risk facing local business, something which perhaps reflected the level of change evident […]
The future of business
How emerging technologies are changing work processes Emerging technology is already changing how people work and the next five years is likely to see even more seismic changes in work processes. Organisations already exploring and implementing automation are one step closer to a seamless transition to the future of work and negating comparative inefficiencies and […]
Five ways your customers can help you get ahead
There are infinite factors that contribute to the inevitable success or failure of a business, but the secret to success may be right in front of you – and that’s your customers. My customer experience secret is a concept I call “customer advocacy.” This is when “customers go beyond brand loyalty, they go out of […]
Is credential stuffing the next big cyber threat?
Brokers and businessowners are being warned about the rise of credential stuffing – an illicit online activity which could be the next big cyber threat to hit Australia. First coined in 2011, credential stuffing is the term used when hackers take a username and password, then run it through different sites to see if they […]
Notre-Dame: iconic cathedral had no insurance
The French Government will be footing the bill for rebuilding Notre-Dame de Paris as the cathedral is state-owned and has no private insurance cover against fire and other catastrophes. But Axa, the country’s biggest insurer, is possibly facing huge claims as it provided insurance for some historical items that were housed in the Paris cathedral. […]
Businesses in Australia remain unprotected by terror insuran...
As the Christchurch shootings unfolded on 15 March, the city went on lockdown and businesses had to close their doors. As the lone-wolf style terror attacks become more common, cities respond with closing off entire streets and business districts. Stella Pruscino, Account Director at Edgewise Insurance Brokers has expressed concerns regarding the current exposure for […]
PERILS reveals initial property market loss for Queensland f...
An independent Zurich-based organisation has revealed its initial estimate of the insured property market loss for the catastrophic floods that inundated northern Queensland, and in particular the city of Townsville, between January 26 and February 10. PERILS estimated the initial property loss for the Townsville flood event to be at $957 million. The figure, which is […]
Could Your Airbag Take a Life? It Only Takes a Minute to Che...
If you haven’t already heard, vehicles with Takata airbags across the world have been recalled. When a faulty airbag deploys, there’s a risk the inflator could rupture, firing shards of metal into the vehicle. As many as 2 in 7 cars on Australian roads have been affected by this recall, so there’s a chance that […]
Direct Insurer Faces Storm of Criticism FromCyclone Debbie V...
At Austbrokers Terrace, we manage our clients’ claims for them. While sometimes delays are inevitable, and not everything is covered, we look over the claim process for you for the best outcome possible. Contact us now if you would like a quote. Australian insurer Youi is once again facing a storm of criticism from dissatisfied […]
Far Out Friday – Shooting For The Stars.
In 2018, space travel hasn’t yet become as common as science fiction might have once suggested it would. But with organisations such as SpaceX, Virgin Galactic and Blue Origin touting the potential benefits of civilian space travel and tourism, it’s possible we’ll see it within our lifetime. This is all very fun and exciting, but […]
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