News2020-09-17T12:35:35+10:00

Victorian Earthquake… appears to have caused manageable insurance damage despite some graphic pictures

Thursday 23 September 2021|Latest News|

This article from JP Morgan Securities Australia shared with permission. Victoria was struck by an earthquake that caused damage in Melbourne. Our interpretation of media reports and early estimates of losses suggest that economic losses are likely to be ~US$100m – with insured losses for the whole market likely to [...]

Congratulations to UAC Young Guns

Thursday 1 July 2021|Latest News|

UAC members’ future leaders feature heavily in Insurance Business magazine’s 2021 Young Guns list. General insurance’s rising superstars - all age 35 and younger - were nominated by their colleagues, managers and mentors for demonstrating excellence. Insurance Business reviewed all nominations and narrowed the list down to 41 most outstanding [...]

ProRisk wins ANZIIF’s Most Valuable Team for 2021 award

Friday 25 June 2021|Latest News|

ProRisk’s claims team has been awarded Most Valuable Team for 2021 by ANZIIF. Chloe Thomas, Group Claims Manager for ProRisk, said the award was a testament to the “smart, dedicated, hardworking, professional, and empathetic people” in the claims team. “Fantastic humans working collaboratively and proactively to deliver an outstanding claims [...]

BAIS & Wilbur

Friday 11 June 2021|News|

Insurance technology companies announce tie-up to take insurance and claims solutions to a new level Thursday 3 June 2021 (AEDT): Australian insurance technology providers Wilbur and BAIS are pleased to announce the formation of a unique relationship to provide leading edge, end-to-end policy and claims solutions to the insurance industry [...]

Australian BI Test Case Judgment Delivered

Thursday 19 November 2020|News|

The NSW Court of Appeal has just delivered its judgment in the joint ICA and AFCA endorsed BI test case relating to the Quarantine Act. A copy of the judgment can be viewed here. The court has made the following declarations: 1. Summons dismissed. 2. Declarations that: On the proper [...]

Business Service Member Crawford & Company acquires HBA Group

Monday 9 November 2020|News|

LONDON (November 4, 2020) Crawford & Company® (NYSE: CRD-A and CRD-B), the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporates is pleased to announce the acquisition of Australia-based HBA Group as part of the continuing expansion of its Crawford Legal Services [...]

ProRisk takes out Underwriting Agency of the Year 2020

Thursday 5 November 2020|News|

The team at Professional Risk Underwriting Pty Ltd (ProRisk) is absolutely delighted to be awarded Underwriting Agency of the year for 2020. Defining excellence in the insurance industry, this award recognises ProRisk for its innovation, market leading products, claims management and service delivery. Customer service, strong claims management and technical [...]

Insurance Business Awards 2020

Tuesday 27 October 2020|News|

The Insurance Business Awards held 22 October define excellence in the Insurance profession, recognising leading companies and individuals for their outstanding achievements over the past 12 months. The Underwriting Agencies Council sponsored the awards for: Australian Underwriting Agency of the Year and Underwriting Agency BDM of the Year. We are [...]

Future of insurance report available

Tuesday 11 August 2020|Latest News|

In late May, UAC asked agency member principals to complete a survey for Business Service member Clyde & Co about their experiences in the Covid-19 pandemic and what they expect the future of insurance will look like. Thanks to all who participated. The results are now available. Download the report. [...]

JobKeeper 2.0 starts after Sept

Friday 31 July 2020|Latest News|

The second tranche of the JobKeeper scheme changes the eligibility test for employers and the amounts paid to employees. UAC accountant and Business Service Member WLM Financial has prepared information on what the new scheme looks like. If your business currently receives JobKeeper, arrangements will remain unchanged until 27 September [...]

Portal assists small business recovery

Monday 29 June 2020|Latest News|

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) is ready to help SMEs emerging from hibernation and keen to make the most of easing Covid-19 restrictions. ASBFEO’s My Business Health web portal has useful information for small business owners ready to re-open or ramp up their operations. It’s a [...]

WLM insights, Covid-19 updates

Thursday 25 June 2020|Latest News|

As the 2019-20 financial year closes, UAC accountant and business service member WLM Financial has provided useful information about tax and superannuation changes that take effect on July 1. Read more here. It is also warning that ATO is on the lookout for businesses that may have made adjustments to [...]

Tax relief for Covid-19

Thursday 18 June 2020|Latest News|

Want to know what tax relief measures are available in your state or territory for Covid-19 pandemic support? Sensis, the platforms and marketing services company that owns the Yellow Pages and the White Pages, has produced a useful guide that breaks down what relief is available in each jurisdiction. Here’s [...]

Personal lines insurers’ responses

Thursday 4 June 2020|Latest News|

Business service member Finity has summarised personal lines insurers’ Covid-19 responses so far in a new article. It has particularly focused on the largest classes of business, motor and home, and included a deep dive into landlords’ cover. Author Marcello Negro considers a key question for insurers – how their [...]

Maintain security to avoid cyber attacks

Tuesday 26 May 2020|Latest News|

With thanks to member Emergence Insurance, UAC recommends the following strategies to assist in maintaining cyber security while your staff are working from home. The cyber risks of flexible work arrangements could include malware infection, unauthorised access, data security, and insecure devices used by staff. It’s important that businesses and [...]

Reform program stalled

Wednesday 13 May 2020|Latest News|

Regulators have shifted their priorities to deal with the Covid-19 pandemic. That means delays to reforms and legislative changes to general insurance. UAC Business Service member The Fold Legal has issued an updated summary of the revised timetable. Click here to read more. UAC General Manager William Legge says while [...]

IRS grants FATCA extension

Thursday 7 May 2020|Latest News|

The US Internal Revenue Service (IRS) has granted an automatic extension of time to entities with Foreign Account Tax Compliance Act (FATCA) certification due by 1 July 2020. The extension to 15 December 2020 is automatic within the FATCA registration system. More information is available at Q21 in the ‘FATCA [...]

ATO introduces new changes to JobKeeper

Thursday 7 May 2020|Latest News|

Changes to the Covid-19 JobKeeper arrangements came into force on 1 May 2020 with the introduction of Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No 2) 2020. This includes a monthly declaration of your business’s current and projected turnover. Click here to read more. Remember, there is an [...]

ATO grants JobKeeper payment extension

Wednesday 29 April 2020|Latest News|

The ATO has given businesses an extension of time to pay their employees under the JobKeeper program. Enrolments for the initial JobKeeper periods have been extended from 30 April 2020 until 31 May 2020. For the first two fortnights (30 March – 12 April, 13 April – 26 April), ATO [...]

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