quizTIME
Welcome to the Insurance News summer holiday quiz, which sorts the industry wheat from the chaff. Liven up your work day as the office winds down, or inject some competitive spark into your flagging Christmas party. All questions are based on news items published in insuranceNEWS.com.au during 2024.
If you get five or fewer answers correct, we sentence you to read insuranceNEWS.com.au every day for an entire year; 6 to 15, you’re doing OK; 16 to 20, you’re potential executive material; 21 to 25, congratulations, you’ve made it.
Question 1. How many recommendations did the federal parliamentary flood inquiry deliver in its final report?
86
2. In which city did a container ship crash into a bridge in March, resulting in possibly the costliest marine insurance event in history?
Baltimore
3. Where is the 2025 NIBA convention to be held?
Gold Coast
4. Which supermarket launched into insurance in June?
Aldi
5. Who takes over as Insurance Council of Australia chair in January?
Suncorp CEO Steve Johnston
6. What were the names of the two hurricanes that hit Florida in September and October?
Helene and Milton
7. What was the price per share offered by Ardonagh to acquire PSC Insurance Group?
$6.19
8. And what was the total equity value of the deal?
$2.26 billion
9. In November, Californian authorities alleged a resident had dressed up as what kind of animal in order to support fraudulent motor damage claims?
A bear
10. Australia introduced a world-first ban on what product, due to its links with lung diseases such as silicosis?
Engineered stone
11. Who was named insurance leader of the year at the ANZIIF awards in August?
ICA CEO Andrew Hall
12. How much did ANZ pay for Suncorp’s banking arm?
$4.9 billion
13. Lloyd’s regional head of Australia and New Zealand Chris Mackinnon took up a new role with Lloyd’s in April. Where is he now based?
Singapore
14. Can you name the person who has become Lloyd’s general representative for Australia following Mr Mackinnon’s relocation?
Tracey Bryan
15. On what date will Insurance News hold its Outlook 2025 conference in Sydney?
March 12
16. According to Finity’s Optima report, what was the general insurance industry’s return on equity for last financial year?
14%
17. Perth gym owner Karen Salkilld was sentenced in October for faking her own death to claim a life insurance payout of $700,000. How long was she jailed for?
Three years
18. How many general insurance complaints did the Australian Financial Complaints Authority receive last financial year? Claim a point if you get within 1000.
27,924
19. Which two Steadfast-owned authorised representative networks announced a partnership in July?
CBN and Insurance House Advance
20. NIBA announced new CEO Richard Klipin in March. But who did he succeed?
Phil Kewin
21. Which Sydney-based underwriting agency launched its own Lloyd’s syndicate this year?
Agile
22. Which former Tower chief resigned as icare CEO in April?
Richard Harding
23. What was the title of the ABC’s Four Corners program on strata, which aired in September?
The Strata Trap
24. Who will lead the upcoming review of the Insurance Brokers Code of Practice?
Phil Khoury
25. How much was Allianz ordered to pay in June for a significant breach of the General Insurance Code of Practice?
$50,000
