Entries by admin

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Federal Budget 2017

Small business owners largely emerged as winners in the 2017 Federal Budget – with a number of new measures aimed at SMEs. On 9 May 2017, the Federal Budget was handed down – with the Government proposing some key incentives aimed at boosting small business in Australia. But, while most of the reforms set out […]

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Virtual Reality Shaping General Insurance

Virtual Reality (VR) could shape the future of general insurance says third party claims expert Peter Tomkins. “Traditionally, the biggest challenge insurers face is understanding risk. Modern technology has come a long way to address this need – insurers are now using car monitors to understand driving behaviour , and Fitbits to understand a client’s […]

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5 Business Growth Ideas

Article by Macquarie Business Banking Statewide’s long-term banking partner Macquarie, takes a look at 5 areas to consider before you disrupt your industry Disrupting your industry means challenging the status quo while offering something much more than change. Disruption can come from anywhere and in this technology-filled world where everyone can access the latest information, […]

Professional Indemnity Analysed Part 2

Part 1 What won’t professional indemnity insurance cover? Each policy will have its own set of exclusions whereby the insurer will not be liable to pay compensation to the insured in the event that a claim is made. Some typical exclusions listed on professional indemnity policies include: Claims arising following cancellation of policy: It is […]

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Professional Indemnity Analysed

Professional indemnity insurance provides you, your business and your employees, with protection for financial claims made against you or your business. This type of cover is designed for employees or businesses that give advice and/or provide a service to individuals or businesses, and are looking for a form of protection against legal claims not covered […]

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Top 10 Insurtech Trends of 2017

Trend 1.  Massive cost savers in claims, operations and customer acquisition Already a major trend of course, but one that will gain even more importance in 2017.  Quite a few insurers face combined ratios that are close to 100, or even exceed that number. Digitalising current processes is absolutely necessary, for operational excellence and to […]