Consumers generally think they benefit when they buy insurance direct but is it true? To find out, we’ve asked people what matters to them when buying insurance, and in turn our panel used those criteria to evaluate the differences between buying insurance via a broker and buying direct online. Read full article here. Source: riskheads
More about insurance brokers
When looking for insurance, many of our customers know exactly what they need and want in insurance cover. In this situation, the easiest way to get insurance cover is to deal with Allianz directly, either via this website or over the phone on 131 000. But sometimes, especially when insuring businesses or complex personal risks, […]
BREAKING NEWS: US$65 million hack hits bitcoin exchange
Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency. Bitcoin slumped 5.3 percent against the dollar as of 10:17 a.m. on Wednesday in Tokyo, bringing its two-day drop to 13 percent. Prices also sank 6.2 percent on Monday, although it was not clear if […]
Car maker accused of selling ‘junk’ insurance
Toyota has admitted to selling ‘junk’ insurance through its dealerships, it has been reported. In a letter, Supplementary Product Disclosure Statement (SPDS) for Toyota’s novated lease insurance issued on 1 July, the automaker has in effect directly admitted to selling customers junk, News.com.au reported. Continue reading here. Source: insurancebusinessmag
10 facts that sell cyber insurance
Cyber insurance is a must for businesses, big or small, as cybercrime attacks grow in number and sophistication. Global reinsurance firm Gen Re highlights 10 facts that lead to more informed cyber insurance decisions. Continue reading here. Source: insurancebusinessmag Is your business protected by Cyber Insurance? We can help you! Contact Us!
Hacking Can Affect Anyone!
SMEs thinking that hacking isn’t a relevant issue to them are being urged to think again, as a hack on a Perth business results in a flood of fake online ads. A Perth-based real estate agency had its computer systems hacked, resulting in scammers publishing fake rental ads. Read more here. Source: My Business
Target Reaches Settlement Over Customer Data Breach
Target will pay $18.5 million to 47 states and the District of Columbia as part of a settlement with state attorney generals over a huge security breach that compromised the data of millions of customers. The settlement ends a year long investigation into how hackers obtained names, credit card numbers and other information about tens […]
Manchester Attack: Changes To Travel Insurance
The horrific terror attack in Manchester has triggered a change in travel advice for Australians headed to the UK. The terrorism threat in Britain has been upgraded from ‘severe’ to ‘critical’ (the highest of the UK’s four domestic threat levels) – with the Australian Government cautioning travellers to ‘exercise a high degree of caution.’ Travellers […]
Rising Tide Of Cyber Attacks On Financial Institutions
Banks, investment companies, and insurers are prime targets for cybercriminals looking to steal money or information, disrupt operations, destroy critical infrastructure, or otherwise compromise data-rich financial services institutions (FSIs). Indeed, FSIs lead the pack in terms of the average cost of cybercrime incurred by companies in a particular industry, counting both internal activities and external […]
Cyber Attacks Pose $20bn Threat To Economy
Cyber breaches in major cities could cost the Australian economy up to $US16 billion ($20.9 billion), according to a study by Lloyd’s and Cambridge University. Sydney alone has $US4.86 billion ($6.36 billion) of GDP at risk from cyber attack for 2015-2025, ranking it 12th among the world’s 301 major cities, the research shows. Lloyd’s says […]
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