The BEAR: a radical structural shift for insurers?

Executive accountability for financial product design, promotion, delivery and remediation was a major theme in the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. It is an issue which insurers will need to grapple with if one of the less publicised, but potentially very significant, recommendations in […]

Something to be reckoned with – Royal Commission recommendations for claims

Many significant recommendations have been made in Commissioner Hayne’s Final Report arising out of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. While there has been significant commentary about the recommendations broadly, one recommendation that is likely to have a significant impact on the insurance industry has received relatively little […]

Autonomous vehicles: insurance and product liability implications on land and on the high seas

Wotton + Kearney partner, Belinda Henningham, along with Peter Allchorne, Wendy Hopkins, Olya Melnitchouk, Andrew Parker and Toby Vallance from our Legalign Global Alliance partner firm, DAC Beachcroft, explore whether the insurance industry is ready for the potential shift in policy coverage relating to autonomous vehicles and crewless ships. Belinda states that”…should the Australian Federal […]

Big Names, Big Data and Stroke

In the final installment of our exclusive series with ANZIIF: ‘How Advances in Medical Technology Are Impacting Insurance’, Karen Jones (Partner) and Dominic Flannery (Special Counsel) predict the likely benefit of the historical data from stroke victims on patients and insurers. You’d be hard pressed to find a reality where Sharon Stone, Richard Nixon, Joseph […]

On the Nose – Detecting Brain Injury

Imagine if brain trauma such as concussion could be detected instantly in an athlete through the sense of smell? In Part Five of our exclusive series with ANZIIF: ‘How Advances in Medical Technology Are Impacting Insurance’, Karen Jones (Partner) and Dominic Flannery (Special Counsel) comment on this developing technological advancement and its significance on insurers, […]

The “Angelina Effect” – Genetic Testing Becomes a Global Phenomenon

Angelina Jolie’s actions to undergo a double mastectomy after genetic testing revealed her predisposition to cancer has created an “Angelina Effect” – a growing demand for attaining personal genetic data. In Part Four of our exclusive series with ANZIIF: ‘How Advances in Medical Technology Are Impacting Insurance’, Karen Jones (Partner) and Dominic Flannery (Special Counsel) […]

Wearables and Health Tracking – An Insurer’s Dream or Nightmare?

Wearables such as FitBits are turning our bodies into real-time health data sources. In Part Three of our exclusive series with ANZIIF: ‘How Advances in Medical Technology Are Impacting Insurance’, Karen Jones (Partner) and Dominic Flannery (Special Counsel) provide commentary on the impending impact of this technology on the insurance landscape. Wouldn’t it be incredible […]