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Insurance News from Insurance Online

Insurance Online is pleased to present the latest financial news headlines.

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News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

NSW Budget Puts Insurance Levy Pressure Back on the Table
NSW Budget Puts Insurance Levy Pressure Back on the Table
24 Jun 2026: Paige Estritori
The latest NSW Budget has reignited debate over the Emergency Services Levy, with insurance industry concern growing that escalating collection forecasts are strengthening the case for reform. For households and businesses already managing higher premiums, the issue is more than a line item in the state accounts. It goes directly to affordability, underinsurance and whether the cost of funding emergency services is being shared fairly. - read more
Suncorp's Strategic Reinsurance Placement Elevates Market Position
Suncorp's Strategic Reinsurance Placement Elevates Market Position
17 Jun 2026: Paige Estritori
Suncorp has successfully secured up to AU$2.4 billion in reinsurance protection over five years, leading to a significant 10% increase in its share value. This strategic move is expected to bolster the company's fiscal 2026 growth outlook, with projected gross written premium growth of 3% across its Australia and New Zealand operations. The reinsurance arrangement, effective from June 30, is designed to cap natural hazard costs in approximately 90% of scenarios, thereby reducing earnings volatility. - read more
Australian Regulators Call for Improved AI Governance in Insurance
Australian Regulators Call for Improved AI Governance in Insurance
10 Jun 2026: Paige Estritori
In a recent development, the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have jointly called upon insurers to enhance their artificial intelligence (AI) governance frameworks. This directive underscores the regulators' growing concern over the potential risks associated with the rapid adoption of AI technologies within the insurance sector. - read more
Government Unveils Major NDIS Reforms Targeting Over $36 Billion in Savings
Government Unveils Major NDIS Reforms Targeting Over $36 Billion in Savings
03 Jun 2026: Paige Estritori
The Australian government has announced substantial reforms to the National Disability Insurance Scheme (NDIS) as part of the 2026 federal budget, aiming to save more than $36 billion over the next four years. These changes are intended to curb the scheme's rapid growth and ensure its sustainability, while refocusing support on individuals with significant and permanent disabilities. - read more
Soft Conditions Persist in Australia's Commercial Insurance Market Through H1 2026
Soft Conditions Persist in Australia's Commercial Insurance Market Through H1 2026
27 May 2026: Paige Estritori
Australia's commercial insurance market has maintained its soft stance throughout the first half of 2026, characterized by competitive pricing and expanded insurer capacity. This trend is largely attributed to improved insurer profitability, stabilized reinsurance conditions, and a global surplus of capital, all contributing to downward pressure on premiums across various insurance classes. - read more

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Insurance Articles

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
Starting Out: How to Pick the Right Insurance As a Young Professional in Australia
Starting Out: How to Pick the Right Insurance As a Young Professional in Australia
Welcome to the journey of safeguarding your future! As a young professional in Australia, you're likely juggling the demands of a burgeoning career with personal goals and financial responsibilities. Navigating the world of insurance is critical in creating a safety net around these aspirations. But why exactly is insurance a cornerstone for those entering the professional realm, and how do you discern which coverage best aligns with your unique pathway? - read more
Unlocking the Best Business Insurance: A Guide for Aussie Entrepreneurs
Unlocking the Best Business Insurance: A Guide for Aussie Entrepreneurs
Welcome to the guide designed to navigate Australian entrepreneurs through the intricate world of business insurance. In an era where risks are as diverse as they are frequent, choosing the right insurance is not just prudent—it's a critical element of sustaining and growing your enterprise. - read more
Comparing Boat Insurance Policies: Which One is Right for Your Needs?
Comparing Boat Insurance Policies: Which One is Right for Your Needs?
As recreational boating continues to grow in popularity, boat insurance has become an important consideration for boat owners. Boat insurance provides protection for your vessel in case of accidents, theft, or damage. However, with so many different types of policies available, it can be difficult to determine which one is right for your needs. - read more
Deciphering Policy Jargon: A Beginner's Guide to Australian Insurance Terms
Deciphering Policy Jargon: A Beginner's Guide to Australian Insurance Terms
Welcome to the world of insurance in Australia - a realm where jargon often clouds the true meaning of policies, leaving many bewildered. But fret not! This guide is here to shine a light through the haze, demystifying the language that stands between you and informed insurance decisions. Whether you're starting a business, buying a home, or simply safeguarding your family's future, understanding insurance terminology is pivotal. - read more

Knowledgebase
Public Liability Insurance:
Insurance which provides protection against liability to third parties.