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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

Life Insurance Code Review Puts Mental Health and Claims Fairness in Focus
Life Insurance Code Review Puts Mental Health and Claims Fairness in Focus
01 Jul 2026: Paige Estritori
Australia’s life insurance sector is facing another important reform moment after the independent review of the Life Insurance Code of Practice released its final report on 30 June 2026. The report, led by former senior regulator Peter Kell, makes 85 recommendations aimed at improving how life insurers communicate, design products, handle claims and support customers who may be vulnerable. - read more
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

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Insurance Articles

Protecting Your Legacy: Estate Planning and Life Insurance for Australians
Protecting Your Legacy: Estate Planning and Life Insurance for Australians
When thinking about the future, it's essential to have a comprehensive strategy that ensures the well-being of your loved ones and the security of your assets. Estate planning and life insurance are two critical pillars in safeguarding your family's financial stability. Despite the complexity often associated with these topics, understanding their importance and implementing them correctly can provide immense peace of mind. - 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
How to Make a Claim on Your Boat Insurance Policy in Australia
How to Make a Claim on Your Boat Insurance Policy in Australia
Boat insurance claims are an important aspect of owning a boat, as accidents and damages can happen unexpectedly. It is essential to understand the boat insurance claim process in Australia, as it can be complex and overwhelming at times. - 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
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

Knowledgebase
Liability Insurance:
A type of insurance that provides protection against claims resulting from injuries and damage to people and/or property.