Simple And Sensible At its fundamental level, a sound insurance operation needs to adhere to four disciplines. This is the law according to Warren Buffet, in his widely read annual letter. An insurance powerhouse must (1) understand all exposures that might cause a policy to incur losses; (2) conservatively assess the likelihood of any exposure […]
Protect Your Esky – Learning About EPS
A Great Aussie Underwriting Initiative Nothing says Australia Day more than Triple J’s Hottest 100 and a couple of cold beers in the esky and Brooklyn Underwriting are reminding brokers of a challenging cover that is perfectly suited for the holiday. The Expanded Polystyrene Foam (EPS) cover offers protection for property risks with an element […]
Shareable Social Media
Some Tips On Shareable Social Media It is clear that social media has grown rapidly over the last decade, and more recently, there has been a significant growth in social media video. YouTube is the leading social media video platform, but 2014 saw Facebook step up and compete, along with others such as Vine and […]
Trade Credit Is On An Upswing
The Increased Demand For Trade Credit Insurance The team at Austbrokers Terrace are well versed in meeting the needs of clients who recognise the need for Trade Credit Insurance. Trade credit cover has seen a significant increase in uptake across Australia over the last six months with one business leader suggesting three reasons for the […]
SME Premiums Are On The Increase
SME Premiums Set To Rise Brokers can breathe a little easier with an increase in SME insurance premiums showing up for the first time in the past ten financial quarters. The Quarterly BizCover Small Business Insurance Index has shown that Australian SMEs may have seen the end of declining insurance premiums, with an increase of […]
The Realities Of The Ashley Madison Cyber Breach
Embarrassing And Desrtuctive. The Ashley Madison cyber breach was the world’s largest of 2015. All data breaches are scary, but some just have that extra scream factor.In arguably the most embarrassing data breach of the bunch, a group calling itself “The Impact Team” stole 37 million records from the adultery website , including many records that […]
5 Steps To Take If Your Google Apps Account Login Leaks
Some Help From Austbrokers Terrace To Our Readers When your Google Apps account password leaks, the battle begins to minimize data loss and regain control of the account. Unfortunately, you can’t undo a password leak—once it’s out, it’s out. You must assume your account data can be exposed. Work through the following steps with your […]
More Compelling Stats On Cyber Crime
We Don’t Make This Stuff Up! The Australian Cybercrime Online Reporting Network (ACORN) revealed that it received more than 39,000 reports of cybercrime throughout 2015. ACORN continues to boost law enforcement efforts as it provides an easy way for those affected by cybercrime to report their issues but cyber threats are expected to increase over […]
Austbrokers Terrace and Telematics
Telematics Isn’t Going Away The impact of telematics on the Australian industry will continue to grow in 2016 as “momentum is picking up” for the technology. A recent survey run by Insurance Business found that 42% of those surveyed believe that telematics will have a limited impact on the Australian insurance industry this year, with […]
The Benefits Of Zenefits
‘The Wolf Of Wall Street Revisited? Revolutionary start-up company Zenefits has been hailed as the top insurance industry disruptor by industry commentators, and boasts a value of $4.5 billion just three years after launching. But the incredible success of the cloud-based HR software company, which makes its money on broker commissions for health insurance it […]
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