Timely blogs from our risk and insurance experts on the issues and trends that affect your business – and your bottom line.
Amendments to the Heavy Vehicle National Law came into place on 1 October 2018 and put into place a ‘Chain of Responsibility’ (CoR) for the heavy vehicle transport supply chain in all states and territories in Australia, excluding Western Australia and Northern Territory.
The ongoing Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (“Royal Commission”) has attracted great media attention for much of 2018. In the insurance world, this has prompted a shift in insurers’ attention to policies that may respond to claims arising from the Royal Commission.Read more
With risk increasingly interconnected and interdependent in today’s rapidly changing world, your resiliency depends on how well you manage disruption, no matter its source. With the right mix of traditional and advanced risk mitigation and risk transfer strategies in place, you can overcome direct and indirect business interruption more effectively and better protect critical assets and your bottom line.Read more
Across risk management functions in organisations of all sizes, there has been a gradual but steady shift in the way risk is understood and managed. We are seeing organisations move away from the static risk register and traditional process-driven approach, to give greater focus on integrating risk management into business processes, forming something of a decision-guiding tool at all levels of the business.Read More
The Australian workplace continues to evolve, presenting employers with a range of challenges to the way they manage and interact with their workforce. Issues such as proactive work, health and safety management and leadership, mental health, stress and colleague wellbeing, and dealing with a new workers compensation insurance regulator and insurer regime will require organisations to build more resilient businesses.
Data protection laws in Europe are about to get a lot tougher. The European Parliament’s approval of the new General Data Protection Regulation (GDPR), significantly expands privacy regulations for corporations, including potentially drastic fines for companies violating the law.Read more:
The Australian Government has indicated that major reforms lie ahead for the private health insurance industry as it increases efforts to put downward pressure on premiums.
In recent weeks, the federal health minister, Greg Hunt, has indicated that a number of strategies were being considered to address the rising cost of private health insurance, which continues to outpace the Consumer Price Index (CPI) by a large margin.Read more