Scientists just printed the world’s first 3D heart using human tissue. A team of Israeli researchers has “printed” the world’s first 3-D vascularized, engineered heart. On Monday, a team of Tel Aviv University researchers revealed the heart, which was made using a patient’s own cells and biological material. Until now, scientists have successfully printed only […]
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. […]
Something different…….
The Case for Finally Cleaning Your Desk – at work or at home The physical environment of the workplace has a significant effect on the way that we work. When our space is a mess, so are we. That is certainly true from a simple logistical perspective: we lose precious work minutes every time we […]
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 […]
APRA to banks, insurers: Act on climate risk
Insurers, banks, and superannuation funds should do more than disclose climate risks – they must take action to address them. That is according to the Australian Prudential Regulation Authority (APRA), which recently announced that it would “increase its scrutiny” of how financial services companies are transforming their businesses to mitigate climate risk. “The world is […]
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 […]
Insurance company believes it can predict fire risk well in ...
Researchers and forest managers are turning to artificial intelligence in the hope it can help them predict the risk of catastrophic wildfires as climate change continues to rewrite the rule book. It’s been the subject of more than 150 recent academic studies, said Mike Flannigan, director of the Western Partnership for Wildland Fire Science at […]
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 […]
What Is An Underwriting Agency?
An underwriting agency is a specialised type of insurance agent or broker that has been granted underwriting authority by an insurer, according to the International Risk Management Institute (IRMA), and can administer programs and negotiate contracts for an insurer. An underwriting agency’s functions can include binding coverage, underwriting and pricing, settling claims, and appointing retail […]
Client Loyalty “EXTREMELY MISUNDERSTOOD”.
Brokers who believe they will retain their clients simply by keeping in touch could be in for an unpleasant surprise when it comes to renewal time, warns one customer experience specialist. “Customer loyalty is an extremely misunderstood principle,” says Darrell Hardidge, who has spent 20 years helping firms of all sizes overhaul customer service. “With […]
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