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Contents 6 Newsmakers » 10 Tough times ahead » The insurance cycle is heading down the curve and competition is becoming rampant. What’s in store for the industry in 2015?

20 Moving into a brave new world » Lloyd’s Chairman John Nelson sees progress in the market’s bold plan to modernise and seek out new global opportunities.

26 A volatile world » Geopolitical turmoil and supply chain disruption are among growing threats highlighted in two annual risk reports.

28 Commercial mind, social heart » Ex-Wesfarmers Insurance chief Vivek Bhatia is treading new ground as he guides NSW’s state-owned compensation organisations back to health.

35 Commissions feel the squeeze » As more overseas regulators crack down, is a change of broker remuneration model inevitable?

38 Calliden’s high-calibre turbocharge » The general insurance business plans to expand its current specialties under new owner Munich Re.

42 Share madness »

lawNEWS 62 Executive indecision » A recent court ruling demonstrates a need for precision in directors’ and officers’ policies.

peopleNEWS 64 Making a difference, courtesy of Suncorp » How a simple training program became a mission to help disadvantaged people in the Top End.

66 The golden boy » Steadfast founding member Leo Driessen has notched up 50 years in broking, but he’s not done yet.

70 Sportscover puts achievers in the spotlight » 72 MGA staff learn about the business – and chocolate » 74 Blue Eagles explore Great Barrier Reef » 76 NTI goes to great heights to celebrate » 78 Lloyd’s reps give Nelson an admirable welcome » 80 Rain, hail and cocktails for Centrepoint » 82 maglog »

Collaborative consumption is being hailed as a dream ticket, but it could turn into an insurance nightmare.

46 An eye in the sky » Drone technology offers a new approach to loss management, but flying the things is not without dangers.

52 Material concern » Graphene has been hailed as the next miracle substance – but could it pose a threat to human health, and to the insurance industry?

56 Environmental protection » Brokers may be missing out on a prime opportunity if they don't alert clients to the need for pollution cover.

60 Greasing the wheels for CTP » NSW insurers pay for a system that provides a win-win for them and motorists.

February/March 2015

Cover image: Illustration by Krisztina Strzebonski

Profile for Insurance News (the magazine)

FEB/MAR 2015 - Insurance News (the magazine)  

The next year is shaping up to be one of the most challenging for insurers and brokers, as investment income and premium rates plummet. The...

FEB/MAR 2015 - Insurance News (the magazine)  

The next year is shaping up to be one of the most challenging for insurers and brokers, as investment income and premium rates plummet. The...