| Ray White Marine Unveils Impressive Fleet at Sydney Boat Show Mon, 19 Jan: Ray White Marine made a significant impact at the 2025 Sydney International Boat Show, unveiling its largest and most valuable display to date—a $70 million lineup of luxury vessels at Darling Harbour. This showcase marked a milestone for the event, which transitioned to a summer schedule for the first time, transforming the harbor into a vibrant on-water playground from 13 to 16 November. - read more
|
| MotorCycle Holdings Reports Record-Breaking $650 Million Revenue in FY2025 Mon, 19 Jan: MotorCycle Holdings Limited, Australia's largest motorcycle dealership group, has announced a remarkable financial performance for the fiscal year 2025, achieving a record revenue of $650 million. This figure represents an 11.6% increase compared to the previous year, underscoring the company's robust growth trajectory in a competitive market. - read more
|
| TAL's Health Sense Plus Now Covers Income Protection Policies Mon, 19 Jan: In a significant development for policyholders, TAL has expanded its Health Sense Plus program to encompass income protection (IP) policies. This initiative, effective from August 8, 2025, aims to incentivise proactive health management by offering premium discounts to clients who engage in preventative health checks. - read more
|
| New Legislation Prohibits Life Insurers from Using Genetic Test Results Mon, 19 Jan: The Australian government has enacted legislation prohibiting life insurers from using the results of genetic tests to refuse coverage or increase premiums. This landmark decision aims to eliminate genetic discrimination and encourage individuals to undergo potentially life-saving genetic testing without fear of financial repercussions. - read more
|
| Markel Insurance Expands into Australian Marine Market with New Leadership Mon, 19 Jan: Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, marking a significant expansion into the country's marine insurance sector. Based in Sydney, Wills will spearhead the introduction of Markel's marine products, starting with marine cargo insurance. - read more
|
| Pelagic Risk Services Strengthens Marina Support with Gold Sponsorship Mon, 19 Jan: Pelagic Risk Services, a specialist marine insurance broker, has elevated its commitment to the marina industry by upgrading from Silver to Gold Sponsorship with the Marina Industries Association (MIA). This move underscores Pelagic's dedication to supporting marinas across Australia through enhanced financial contributions and the provision of exclusive risk management resources. - read more
|
| Marinex Underwriting Enters Australian Market with Specialised Marine Insurance Solutions Mon, 19 Jan: Rhodian Group has announced the launch of Marinex Underwriting, a new agency dedicated to providing specialised marine insurance products tailored to the Australian market. This initiative marks Rhodian's third agency launch, following the establishment of Halo Underwriting and Batch Underwriting in previous years. - read more
|
| Emerging Challenges Elevate Insurance Risks for Australian Businesses Mon, 19 Jan: Australian businesses are currently navigating a complex and evolving risk landscape, marked by increased exposures across various domains. A recent report from Gallagher highlights several key areas contributing to this heightened risk environment. - read more
|
| Australian Insurers Falling Behind in Cyber and AI Risk Readiness Mon, 19 Jan: Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are trailing their global counterparts in preparedness for emerging risks, particularly in the realms of cyber threats and artificial intelligence (AI). This lag poses significant challenges as the industry confronts an increasingly complex risk landscape. - read more
|
| Australian General Insurers Report Record $7.3 Billion Profit Sun, 18 Jan: The Australian general insurance sector has reported a remarkable after-tax profit of $7.3 billion for the last financial year, marking its most substantial earnings in over ten years. This significant increase is primarily attributed to a decrease in catastrophe-related losses and robust investment returns. - read more
|
| Australian General Insurance Premiums Set to Surpass $144 Billion by 2029 Sun, 18 Jan: The Australian general insurance market is on a trajectory to see direct written premiums (DWP) exceed $144 billion by 2029, according to projections from data and analytics firm GlobalData. This anticipated growth is largely fueled by heightened demand for coverage in response to the increasing frequency of natural disasters. - read more
|
| Understanding the Impact of New Regulations on Cosmetic Nurses' Insurance Sun, 18 Jan: The cosmetic nursing sector in Australia has experienced significant growth, driven by increasing demand for non-surgical cosmetic procedures such as injectables and skin treatments. This expansion has led to heightened scrutiny and the introduction of new regulations aimed at ensuring patient safety and professional accountability. - read more
|
| Health Minister Addresses Insurers' Use of Loopholes to Raise Premiums Sun, 18 Jan: In December 2024, Australian Health Minister Mark Butler issued a stern warning to private health insurers regarding the use of 'underhanded' tactics to raise premiums. This statement came in response to findings that some insurers have been closing old policies and introducing more expensive ones, effectively increasing costs for consumers without transparent communication. - read more
|
| Australia's General Insurance Market Set for Significant Growth by 2029 Sun, 18 Jan: Australia's general insurance industry is on a trajectory for substantial growth, with direct written premiums (DWP) projected to reach $146.9 billion by 2029. This forecast, provided by GlobalData, anticipates a compound annual growth rate (CAGR) of 9.2%, rising from $103.1 billion in 2025. - read more
|
| Hutch Underwriting's New PI Insurance: Comprehensive Protection for Tradies Sun, 18 Jan: Hutch Underwriting has recently unveiled a revamped professional indemnity (PI) insurance policy specifically designed for Australian tradespeople. This new offering aims to provide comprehensive coverage by integrating advice, design, and incidental cyber exposures into a single solution. - read more
|
| Viz and Ivory Insurance Join Forces to Deliver Customised Tradie Insurance Sun, 18 Jan: In a significant development for Australia's trades sector, digital agency Viz has partnered with Ivory Insurance to offer specialised insurance coverage tailored for tradies and small business owners. This collaboration aims to address the unique risks faced by professionals in various trades, providing comprehensive protection and peace of mind. - read more
|
| Introducing Trade Pack: Hutch Underwriting's Streamlined Insurance for Tradies Sun, 18 Jan: Hutch Underwriting has launched Trade Pack, a new insurance solution designed to meet the diverse needs of Australian tradespeople while minimizing administrative complexities. This offering is tailored for trades such as bricklayers, carpenters, landscapers, painters, and shop fitters, providing a streamlined approach to insurance coverage. - read more
|
| Australian Home Prices Poised for Continued Growth in 2026 Sun, 18 Jan: Australia's housing market is set to experience further growth in 2026, with economists forecasting a 5% increase in home prices. This follows an 8.6% rise in 2025, marking the strongest annual growth since 2021. The anticipated growth is driven by a combination of factors, including ongoing supply constraints and robust population growth. - read more
|
| Sydney and Melbourne Property Markets Show Signs of Cooling Sun, 18 Jan: In December 2025, both Sydney and Melbourne property markets experienced a slight decline of 0.1%, marking a potential shift in the momentum of Australia's housing market. This downturn comes after a period of consistent growth, raising questions about the sustainability of recent price increases. - read more
|
| Australian Rental Market Faces Tightening Conditions Sun, 18 Jan: Australia's rental market is experiencing tightening conditions, with vacancy rates dropping to 1.6% in December 2025, close to record lows. This tightening has led to a 5.2% increase in rents over the year, posing significant challenges for tenants across the country. - read more
|
| NAB Enhances Digital Services with Google Cloud Integration Sat, 17 Jan: National Australia Bank (NAB) has taken a significant step in its digital transformation journey by integrating Google Cloud into its existing multi-cloud strategy. This move aims to bolster the bank's digital services and enhance operational efficiency, reflecting a broader trend among financial institutions to leverage cloud technologies for improved service delivery. - read more
|
| MFAA Publishes Guides to Enhance Mortgage Broking Practices Sat, 17 Jan: The Mortgage & Finance Association of Australia (MFAA) has released the final two guides in its Business Growth Roundtable Series Insights, aimed at assisting mortgage brokers in developing sustainable and professional businesses. These resources are part of the MFAA's ongoing commitment to supporting the growth and professionalism of the mortgage broking industry. - read more
|
| Australian Motorcycle Market Sees 1.3% Sales Decline in 2025 Sat, 17 Jan: The Australian motorcycle industry faced a modest downturn in 2025, with total sales decreasing by 1.3% compared to the previous year. According to the Federal Chamber of Automotive Industries (FCAI), 92,967 motorcycles and off-highway vehicles were sold throughout the year, reflecting the ongoing economic challenges impacting consumer spending. - read more
|
| OnDeck Australia's Broker-Originated SME Loans Skyrocket by 246% Sat, 17 Jan: In a significant development for Australia's small business sector, OnDeck Australia has reported a remarkable 246% year-on-year increase in broker-originated small business loans funded in November 2024 compared to the same month in 2023. This surge underscores a renewed confidence among small and medium-sized enterprises (SMEs) in leveraging broker channels for their financing needs. - read more
|
| AFCA Alerts Small Businesses to Dangers of Unregulated Lending Sat, 17 Jan: The Australian Financial Complaints Authority (AFCA) has issued a cautionary advisory to small businesses regarding the risks associated with engaging unregulated lenders. This warning comes in response to a notable increase in complaints that fall outside AFCA's jurisdiction, leaving many business owners without recourse when disputes arise. - read more
|
Author:
Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
