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Insurance News
Year: Month:

Key Challenges Facing Australian Insurers in 2026 Key Challenges Facing Australian Insurers in 2026
01 Apr 2026: Paige Estritori

As 2026 unfolds, Australian insurers are confronting a trio of significant challenges that are reshaping the industry landscape. According to Gallagher Bassett's forthcoming report, 'The Carrier Perspective: 2026 Claims Insights,' the primary concerns include premium affordability and insurability, escalating cyber and data risks, and difficulties in attracting and retaining skilled talent. - read more
The Impact of Rising Insurance Premiums on Australian Retirees The Impact of Rising Insurance Premiums on Australian Retirees
01 Apr 2026: Paige Estritori

In recent times, Australian retirees have been facing mounting financial pressures due to escalating insurance premiums. This trend is raising concerns about the affordability of essential coverage and its impact on the financial security and lifestyle of those on fixed incomes. - read more
Australian Insurers Achieve Record Profits Amid Rising Premiums Australian Insurers Achieve Record Profits Amid Rising Premiums
01 Apr 2026: Paige Estritori

In 2024, Australia's insurance industry reported an after-tax profit of $6.1 billion, a figure that is three times higher than the five-year average of $2 billion. This substantial increase is attributed to significant premium hikes and a relatively benign year for natural disasters. - read more
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Knowledgebase
Incontestability Clause:
A provision in a life insurance policy that prevents the insurer from voiding coverage due to a misstatement by the insured after a certain period.

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