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Insurance News from Insurance Online

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

To read an entire news item, simply click on the headline.

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

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
HESTA Announces Significant Reduction in Insurance Fees for Members
HESTA Announces Significant Reduction in Insurance Fees for Members
11 May 2026: Paige Estritori
HESTA, a prominent Australian superannuation fund, has announced a substantial reduction in insurance fees for its members, averaging 12%. This change follows the renewal of its partnership with AIA Australia and is part of a broader initiative to provide more accessible and affordable insurance coverage. - read more
Australian Home Insurance Premiums Climb Amid Economic Pressures
Australian Home Insurance Premiums Climb Amid Economic Pressures
03 May 2026: Paige Estritori
Australian homeowners are facing a significant financial challenge as home insurance premiums have risen by an average of 16% over the past year. This increase adds to the growing cost of living pressures experienced by many households. - read more
ACCC Halts IAG's Bid to Acquire RAC Insurance
ACCC Halts IAG's Bid to Acquire RAC Insurance
03 May 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has intervened to block Insurance Australia Group's (IAG) proposed acquisition of RAC Insurance, a move that underscores the regulator's commitment to maintaining competitive markets within the insurance sector. - read more

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Insurance Articles

The Ultimate Guide to Choosing the Best Travel Insurance for Your Australian Adventure
The Ultimate Guide to Choosing the Best Travel Insurance for Your Australian Adventure
Embarking on an Australian adventure can ignite excitement in the heart of any traveller, but being prepared for the unexpected should be top of mind. Travel insurance is an essential travel companion that safeguards your journey from unforeseeable circumstances. Whether confronting flight cancellations, medical emergencies, or lost luggage, the right travel insurance policy can make a world of difference, offering peace of mind to fully immerse in the Aussie adventure experience. - 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
Family Planning: Exploring Life Insurance Options for New Parents
Family Planning: Exploring Life Insurance Options for New Parents
Stepping into parenthood comes with a myriad of responsibilities, one of which includes securing your family's financial future. Life insurance serves as a financial cornerstone for young professionals who are navigating the complexities of family planning. Recognizing the significance of the role insurance plays can empower new parents to make informed decisions that corroborate their family's safety and well-being. - 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
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

Knowledgebase
Peril:
A specific risk or cause of loss covered by an insurance policy, such as fire, theft, or flood.