Insurance Industry News / 31.05.2016

http://www.themotorreport.com.au, May 27, 2016, by Kez Casey Tired of your insurance premiums going up year after year? Autonomous vehicle could bring you some relief, with analyst firm Deloitte suggesting self-driving technology could reduce premiums by up to 30 percent. Changes in the way people use their cars will also shape changes to the insurance market, with a rise in vehicle sharing also targeted as a factor in keeping premiums down. The advanced accident detection and avoidance technology packaged into autonomous vehicles reduces the associated risk to insurance companies – one of the key areas your premiums are based on. Of course, the safety of...

Insurance Industry News / 24.05.2016

http://www.insurancebusinessonline.com.au, Sydney, AU, Tuesday May 24, 2016, by Mina Martin How prepared is the global community for natural disasters? The World Bank says not enough. With climate change-linked disasters on the rise, the World Bank says that without preventive action, 1.3 billion people and $158 trillion in assets are at risk by 2050. This is according to a report released by Global Facility for Disaster Reduction and Recovery (GFDRR), the bank-run body that focuses on disaster mitigation. GFDRR reported that total damages from natural disaster have surged in recent decades. Total annual damage – averaged over a 10-year period – had risen tenfold...