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April 2018 - Austbrokers Terrace Insurance | Adelaide | Melbourne

AUSTRALIA & NZ JOIN FORCES ON BAD WEATHER

The Bureau of Meteorology has joined forces with its New Zealand equivalent, the National Institute of Water and Atmospheric Research (NIWA), to issue a joint statement on the “unusual” weather that plagued the region this summer. The joint special climate statement marks the first time the organisations have come together following the unusual climate that […]

USING A BROKER VS BUYING DIRECT FROM AN INSURER

If you have been dealing with an insurer direct for business insurance, now is as good a time as any to see if a broker can help you. Contact us now to discuss! When you’re a business owner, making sure your insurance policies protect your assets and your business are important and are often forgotten. […]

IP EXPOSURE COULD HAVE A “DISASTROUS” IMPACT ON CLIENTS

Are you concerned about your business’ IP exposure? Or have a contractual IP insurnace requirement? Contact us to discuss further Intellectual property risk is currently largely uninsured and could have “disastrous” effects on clients, particularly smaller businesses, an expert has said. Erik Alsegard, IP practice leader at CFC, said that IP risks generally fall into […]

QBE COLLABORATES WITH SYDNEY SWANS TO LAUNCH VR TECH

QBE is set to explore the use of virtual reality (VR) in helping create safer roads and faster disaster responses with the launch of a first-ever, immersive 360-degree VR AFL fan experience on April 1 at the Sydney Cricket Ground (SCG). The VR technology, called Swans360⁰, will provide football fans with the fully immersive experience […]

MANDATORY BREACH NOTIFICATION: ONE MONTH ON

In the short time since the late February rollout of Australia’s mandatory breach notification scheme, the privacy commissioner has already been notified of 31 breaches, an Aon expert has said. Fergus Brooks, cyber risk practice leader at Aon Australia, said that statistics released by the privacy commissioner last week highlight the impact mandatory breach notification […]

CYBERSECURITY ENTERS THE BOARD ROOM AS THREAT EVOLVES

The rise in cyber attacks is forcing companies to rethink their approach to risk management, according to a new report from Marsh & McLennan Companies’ Global Risk Centre and education and development organization WomenCorporateDirectors (WCD). “With increasing threats of attack on their data and systems, boards are demanding much more information about their organizations’ risks […]

CREATING ‘BIONIC BROKERS’ WITH THE HELP OF CHATBOTS

Would you buy brokered insurance from a chatbot? And would you trust its advice on commercial insurance needs? We’d be interested to hear your thoughts – contact us now!   Half-human, half-computer, the bionic broker uses virtual assistants to be ‘open’ to potential customers at all times of the day and build the right quote […]

AUSTRALIA AMONG REGIONAL LEADERS FOR CYBER PENALTIES

Can your business afford to be without insurance for Breach Notification costs? Arranging cover is not as daunting, or as expensive as it may seem. Contact us to discuss. Australia is one of the strictest countries in the Asia-Pacific region when it comes to data breach penalties, a new report has found. The Data Risk […]

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