The Insurance Council of New Zealand (ICNZ) has advised travellers to check with their insurers in order to find out what they’re actually covered for so they would better understand their options. The NZ Herald brought the topic to light after a Jetstar passenger was surprised to learn that their travel insurance covers hijack and […]
For too long, marketers have centred their practices around appealing to a millennial market. Unfortunately, this has left the advertising community deeply unprepared for the rise of the generation Z customer base. While some marketing principles may apply to both groups, what entices a 35-year-old to purchase a product or service will be quite different […]
Fraudsters are increasingly using technology to doctor their voices and faces in a con technique called “deepfake” – and cyber security experts and insurers are warning companies to make sure that they have the necessary safeguards in place. Deepfake attacks involve criminals using artificial intelligence (AI), machine learning, and other technologies to impersonate a company’s […]
Carmakers are increasingly looking towards new ways to move people around, including tapping into the rising trends of e-bikes and e-scooters. Audi announced on Monday the development of its e-tron Scooters, almost a year after announcing its fully electric e-tron SUV. Other carmakers, like BMW and Ford, have already been exploring the electric personal micro-mobility […]
The size of household internal water damage claims has risen 72% in the last five years and the issue is now a more common and costly risk for properties than burglary or fire, Chubb says. The average claim size received by Chubb Australia jumped to $30,361 last year from $17,627 in 2014 as changing home […]
A new set of wheels hit the streets of Armidale, New South Wales, in February this year, marking a huge leap forward for Australian vehicle technology and a valuable test case for the insurance industry. Developed through the New South Wales Government’s Smart Innovation Centre, the Armidale Regional Driverless Initiative (ARDi) travels a 5 km […]
Based on a study of 230 customer projects over the past five years, digital transformation and automation specialist Schneider Electric has found digital transformation can be instrumental in cutting energy costs for businesses. The company has released its inaugural Global Digitalisation Report 2019, investigating how buildings, data centres, industries and infrastructure can be impacted by […]
Aussie businesses are being warned to treat audio messages with caution after a series of ‘deep fake’ recordings were used to scam senior financial managers overseas earlier this month. First reported by the BBC, cyber security firm Symantec has tracked at least three successful attacks on private companies where chief executives were impersonated to convince […]
Deputy Premier and Minister for Regional NSW John Barilaro and Minister for Agriculture Adam Marshall have announced that the NSW Government will spearhead a campaign to establish a nation-wide income protection scheme to shield farmers from financial impacts of future droughts. Barilaro said the NSW Government was allocating $2 million to kick-start the process and […]
Six months after devastating floods hit the north Queensland city of Townsville, 60% of insurance claims have been closed – but more than 400 have been denied. The Insurance Council of Australia (ICA) says almost 30,000 claims have been received since an insurance catastrophe was declared on February 2, with estimated losses of $1.24 billion. […]
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