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Stay up-to-date with the latest news, information and updates from Honan Insurance Group, including innovation in the insurance space, business highlights, community & partner profiles and company announcements.

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October 14, 2022

ESG reporting is here to stay: How you can stay ahead of the curve

Business culture is shifting and corporations have been challenged more than ever to balance profitability and accountability while contributing to society more broadly (McKinsey, 2020). Against this backdrop, regulators around the world are reviewing Environmental, Social, and Governance (ESG) reporting requirements, with many shifting to mandatory disclosure.
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Reversing litigation funding reforms | Implications for Directors’ & Officers’ insurance

Moves to undo the Coalition’s changes to the class action framework have commenced, with the Labor government intending to remove regulatory oversight for litigation funders. Draft regulations have been released, and if approved, funders will not be required to hold an Australian Financial Services Licence (AFSL) nor comply with the rules for Managed Investment Schemes (MIS), the argument being that these regimes were not intended to regulate the litigation funding industry. Dennis Moens, Client Manager – Professional and Executive Risks, explains how these changes could impact future class action activity and Directors & Officers’ insurance.
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September 30, 2022
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Honan acquires Trumpet Financial to scale insurance offering

Honan Insurance Group (Honan), one of Australia’s fastest-growing international brokers, has acquired the Trumpet Financial business, a specialist in life insurance and risk management advice for individuals.
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September 28, 2022

Combating Cybercrime: 3 Ways to Protect Your Systems

As organisations continue work from home or adopt hybrid work models, hackers are able advantage of employees’ vulnerable home networks to infiltrate company systems. Staff are a key line of defence against hackers, so it’s critically important to equip them with training and tools to defend against attacks. Stuart Madden shares key actions we regularly share in training sessions to help staff identify and report technology security risks.
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September 19, 2022

Step into the Breach | Managed Service Providers: Who is responsible in the event of a data breach?

Managed Service Provider services (MSPs) are a popular solution among SMEs and not-for-profits for the remote management of their IT infrastructure and end-user systems, but they do present some risks, especially when it comes to cybersecurity and data protection. When working with an MSP, there is a transfer of duties from your business to the MSP, but not necessarily a transfer in liability. Nathan Mauriello explains your responsibilities as a business and what this means in the event of a cyber breach.
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September 8, 2022

A Mental Health Check-In with Wayne Schwass of PukaUp

This month, to mark national R U OK Day, we asked Wayne Schwass, founder of PukaUp, a cause-driven organisation working to achieve their vision of ending suicide, to share more about this mission, his top insights for maintaining good mental health, and tips for starting a meaningful conversation if you think someone you care about might be struggling.
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September 7, 2022

Honing-In On Our Teams: Employee Benefits Asia – Zest Operations.

Our Employee Benefits Asia - Zest Operations team specialises in managing Flexible Benefits programs for clients in Singapore and Malaysia via Zest., an online one-stop shop for everything employee benefits, insurance, flexible spending, engagement, and wellness. Whilst popular, self-funded flexible benefits programs are complex offerings to implement and manage. Find out more about the team and how they continue to provide a seamless experience for multinational employers and their employees alike.
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August 30, 2022
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Proposed Reforms to Make Financial Advice Accessible & Affordable

Acknowledging that consumers want good advice, not documents and processes, major changes to the regulatory framework applying to financial product advice have been proposed in Treasury’s Quality of Advice Review Proposals for Reform consultation paper. Find out how the proposed reforms which were released 29 August 2022 could enhance consumers’ access to affordable financial product advice in this essential briefing by Belinda Muir and Katherine Beards.
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