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Insurance News

Australia's Non-Life Insurance Sector Reports Significant Revenue Growth
Australia's Non-Life Insurance Sector Reports Significant Revenue Growth
19 May 2026: Paige Estritori
Australia's non-life insurance industry has demonstrated remarkable resilience, achieving an 11.1% increase in revenue for the fiscal year ending 30 June 2025. This growth has propelled the sector's total insurance revenue to approximately AUD 77.7 billion, underscoring the industry's capacity to navigate a volatile economic landscape. - read more
ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance
ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance
19 May 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has escalated its examination of Insurance Australia Group's (IAG) proposed acquisition of RAC Insurance (RACI) to a Phase 2 review. This decision reflects concerns that the transaction could substantially lessen competition within Western Australia's insurance market. - read more
Swiss Re Suspends New Business in Australia Over TPD Insurance Sustainability
Swiss Re Suspends New Business in Australia Over TPD Insurance Sustainability
19 May 2026: Paige Estritori
Swiss Re Life & Health Australia has announced an immediate pause on new business activities within the Australian market. This decision stems from concerns regarding the long-term sustainability of Total and Permanent Disability (TPD) insurance, particularly in light of escalating mental health-related claims. - read more
Suncorp's AI Initiatives Aim to Make Insurance More Affordable
Suncorp's AI Initiatives Aim to Make Insurance More Affordable
11 May 2026: Paige Estritori
Suncorp, a leading Australian insurer, is investing in artificial intelligence (AI) and upgrading its policy platforms to develop more affordable insurance products. This strategic move aims to address the challenges faced by consumers who find it difficult to obtain cost-effective coverage. - read more
ASIC Calls for Enhanced Cyber Resilience in Australian Insurance Sector
ASIC Calls for Enhanced Cyber Resilience in Australian Insurance Sector
11 May 2026: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has issued a directive to Australian Financial Services (AFS) licensees, emphasising the urgent need to bolster cyber resilience in light of emerging artificial intelligence (AI) threats. This communication underscores the regulator's concern over the evolving cyber risk landscape and its potential impact on the insurance industry. - read more
Insurance Articles

Boat Insurance: How a Specialist Broker Can Save You Time, Money, and Hassle
Boat Insurance: How a Specialist Broker Can Save You Time, Money, and Hassle
Boating can be an enjoyable pastime, but it also comes with risks. From accidents to theft, unexpected events can take a toll on your finances and boat. This is where boat insurance comes in. Boat insurance provides financial protection in the case of accidents, theft, or other damage to your vessel. - read more
The Role of Life Insurance in Your Overall Financial Strategy
The Role of Life Insurance in Your Overall Financial Strategy
Financial planning plays a pivotal role in managing your economic resources effectively. By assessing your income, expenses, and goals, you can create a plan that helps achieve financial security. A comprehensive financial plan covers saving, investing, budgeting, and managing liabilities to secure your future. - read more
How to Save Money on Your Boat Insurance Premiums
How to Save Money on Your Boat Insurance Premiums
Boat ownership comes with many responsibilities, including obtaining adequate insurance coverage. However, as with any type of insurance, boat insurance premiums can quickly become costly. It's essential to save as much as possible on your policy without sacrificing the necessary protection it provides. - read more
How to Compare Truck Insurance Policies in Australia: A Guide for Drivers
How to Compare Truck Insurance Policies in Australia: A Guide for Drivers
When it comes to navigating the sprawling roads of Australia, truck drivers bear a significant responsibility. Not only are they tasked with the safe transportation of goods across vast distances, but they must also protect themselves and their vehicles from the unforeseeable. This is where the crucial role of truck insurance comes into play, providing a safety net that can make all the difference in the face of adversity. - read more
Navigating Business Interruption Insurance: A Lifeline for SMEs
Navigating Business Interruption Insurance: A Lifeline for SMEs
Understanding the safeguards available to protect businesses during times of unexpected adversity is crucial, especially for Small and Medium-sized Enterprises (SMEs). Chief among these safeguards is business interruption insurance. This form of coverage is designed to offer financial assistance to businesses that endure losses due to unforeseeable disruptions. - read more

Knowledgebase
Insurable Interest:
A financial or other kind of interest in the insured item or person, necessary for a valid insurance contract.