News image: Hostplus and MetLife Australia Strengthen Ties with Extended Partnership Hostplus and MetLife Australia Strengthen Ties with Extended Partnership
Thu, 07 May: Hostplus, a prominent Australian superannuation fund, has announced the extension of its group insurance partnership with MetLife Australia until June 2028. This collaboration, which began in 2013, aims to provide comprehensive insurance coverage to Hostplus members, including Death, Total and Permanent Disablement (TPD), and Income Protection insurance. - read more
News image: APRA and ASIC Publish December 2025 Life Insurance Claims and Disputes Data APRA and ASIC Publish December 2025 Life Insurance Claims and Disputes Data
Thu, 07 May: The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly released the Life Insurance Claims and Disputes Statistics publication, covering the period from January 1, 2025, to December 31, 2025. This comprehensive report offers valuable insights into the performance of the Australian life insurance industry over the past year. - read more
News image: TAL Recognized as 2026 Life Insurer of the Year by Money Magazine TAL Recognized as 2026 Life Insurer of the Year by Money Magazine
Thu, 07 May: Money magazine has announced its 2026 Life Insurance Awards, with TAL being named Life Insurer of the Year across both group and direct insurance categories. This prestigious recognition underscores TAL's commitment to providing exceptional life insurance services to Australians. - read more
News image: Embracing Sustainability: A New Era in Australian Farm Risk Management Embracing Sustainability: A New Era in Australian Farm Risk Management
Thu, 07 May: In recent years, Australian agriculture has faced increasing challenges due to climate volatility, including droughts, extreme heat, and unpredictable rainfall. These factors have not only affected crop yields and livestock health but have also led to financial instability for many farmers. As a result, sustainability has emerged as a critical component of risk management strategies within the sector. - read more
News image: SafeWork NSW's Proactive Approach to Enhancing Farm Safety SafeWork NSW's Proactive Approach to Enhancing Farm Safety
Thu, 07 May: SafeWork NSW has intensified its efforts to improve safety standards across regional farms by conducting a series of proactive inspections. Recognising agriculture as one of Australia's most hazardous industries, these inspections aim to address the high incidence of fatalities and serious injuries associated with farm work. - read more
News image: APRA's New Standards: Strengthening Operational Risk Management in Financial Services APRA's New Standards: Strengthening Operational Risk Management in Financial Services
Thu, 07 May: The Australian Prudential Regulation Authority (APRA) has implemented new prudential standards aimed at bolstering operational risk management across financial institutions, including banks, insurers, and superannuation funds. Effective from July 2025, these standards are designed to ensure the continuity of critical services and enhance resilience against operational disruptions. - read more
News image: MECON Enhances Construction Insurance Capacity to $120 Million MECON Enhances Construction Insurance Capacity to $120 Million
Thu, 07 May: In a significant development for the Australian construction industry, MECON Insurance has announced an increase in its underwriting capacity, now offering coverage up to $120 million for single projects. This enhancement, effective from March 10, 2026, applies to Section 1 (Material Damage) and includes Section 2 (Public Liability), providing more substantial support for larger and more complex construction ventures. - read more
News image: Zurich and Cowbell Introduce 'Prime One' Cyber Insurance for Australian SMEs Zurich and Cowbell Introduce 'Prime One' Cyber Insurance for Australian SMEs
Thu, 07 May: In a strategic move to bolster cyber resilience among Australian small and medium-sized enterprises (SMEs), Zurich Financial Services Australia has partnered with Cowbell, a specialist in adaptive cyber insurance solutions, to launch 'Prime One.' This innovative cyber insurance product is designed to provide comprehensive coverage tailored to the unique needs of SMEs, offering a streamlined and efficient insurance experience. - read more
News image: Guardian Insurance Brokers Secures Consecutive Large Brokerage of the Year Award Guardian Insurance Brokers Secures Consecutive Large Brokerage of the Year Award
Thu, 07 May: Guardian Insurance Brokers, an Adelaide-based firm, has been honored with the Large Brokerage of the Year award by Insurance Business Australia for the second consecutive year. This prestigious accolade underscores the company's unwavering commitment to client advocacy and service excellence within the Australian insurance industry. - read more
News image: Understanding the Impact of RBA's Latest Rate Hike on Your Mortgage Understanding the Impact of RBA's Latest Rate Hike on Your Mortgage
Thu, 07 May: The Reserve Bank of Australia (RBA) has implemented its third consecutive 0.25 percentage point increase, elevating the cash rate to 4.35%. This decision is set to influence mortgage repayments across the nation, with major banks passing on the rate hike to their variable home loan customers. - read more
News image: Westpac Faces Declining Mortgage Market Share in Competitive Landscape Westpac Faces Declining Mortgage Market Share in Competitive Landscape
Thu, 07 May: Recent data from the Australian Prudential Regulation Authority (APRA) indicates that Westpac has experienced a significant decline in its share of the Australian mortgage market. Since March 2019, the bank's market share has decreased by 3.2 percentage points, now standing at 20.7% of the nation's $2.46 trillion mortgage market. - read more
News image: Anticipated Slowdown in New Mortgage Demand Following RBA Rate Increase Anticipated Slowdown in New Mortgage Demand Following RBA Rate Increase
Thu, 07 May: The Reserve Bank of Australia's (RBA) recent rate hike is projected to further dampen the appetite for new home loans. Data from Equifax indicates a clear loss of momentum among prospective borrowers, with new mortgage demand slowing sharply from a 10.9% year-on-year rise in Q4 2025 to just 3.6% in Q1 2026. - read more
News image: MitchCap Joins Forces with BIA and BIAV to Elevate Marine Industry Financial Acumen MitchCap Joins Forces with BIA and BIAV to Elevate Marine Industry Financial Acumen
Wed, 06 May: The Australian marine industry is set to benefit from a significant boost in financial literacy and support, thanks to a new partnership between MitchCap, the Boating Industry Association (BIA), and the Boating Industry Association of Victoria (BIAV). This collaboration introduces the Industry Financial Skills and Awareness Program, designed to enhance the financial acumen of marine businesses nationwide. - read more
News image: Club Marine Introduces Land-Based Insurance Coverage for Race Boats Club Marine Introduces Land-Based Insurance Coverage for Race Boats
Wed, 06 May: Club Marine, Australia's leading boat insurance provider underwritten by Allianz, has expanded its offerings to include specific coverage for race boats while they are on land. This development comes through a new partnership with the Australian Offshore Powerboat Club (AOPC), aiming to address the unique insurance needs of race boat owners during storage and transit. - read more
News image: Nautilus Marine Insurance Launches Comprehensive Personal Watercraft Coverage Nautilus Marine Insurance Launches Comprehensive Personal Watercraft Coverage
Wed, 06 May: Nautilus Marine Insurance has expanded its marine insurance product portfolio to include a dedicated Personal Watercraft (PWC) Insurance policy. This new offering is specifically designed for personal watercraft owners across Australia, providing market-leading coverage with the flexibility to tailor the insurance to individual needs. - read more
News image: Understanding the Impact of Payday Super Reforms on SME Cash Flow Understanding the Impact of Payday Super Reforms on SME Cash Flow
Wed, 06 May: Starting 1 July 2026, Australian small and medium-sized enterprises (SMEs) will face significant changes due to the implementation of Payday Superannuation reforms. These reforms mandate that employers pay the 12% superannuation guarantee concurrently with wages, shifting from the current quarterly payment system. This alteration is poised to have substantial implications for SME cash flow management and borrowing capacity. - read more
News image: Australian SMEs Boost Productivity Through Increased Asset Finance Australian SMEs Boost Productivity Through Increased Asset Finance
Wed, 06 May: In the face of economic uncertainty, Australian small and medium-sized enterprises (SMEs) are demonstrating resilience by significantly increasing their investment in asset finance. Data from Valiant Finance reveals a 41% surge in asset finance volumes during the third quarter of 2025, followed by a 33% increase in the fourth quarter. This trend underscores a strategic shift among SMEs towards enhancing long-term productivity through capital investments. - read more
News image: Financial Strain Intensifies for Logistics SMEs in Australia's Two-Speed Economy Financial Strain Intensifies for Logistics SMEs in Australia's Two-Speed Economy
Wed, 06 May: Recent data from Equifax highlights a growing divide in Australia's business landscape, with large enterprises driving credit demand growth while small and medium-sized enterprises (SMEs), particularly in the logistics sector, face increasing financial strain. In March 2026, overall business credit demand rose by 3.5% year-on-year, predominantly fueled by a 5.9% increase from large businesses. Conversely, SME credit demand declined by 5.8% during the same period, indicating a widening economic disparity. - read more
News image: Firstmac's New Caravan Loans: Flexible Financing for Australian Homeowners Firstmac's New Caravan Loans: Flexible Financing for Australian Homeowners
Wed, 06 May: In response to the growing demand for lifestyle financing, non-bank lender Firstmac has unveiled its inaugural secured caravan loan, tailored specifically for Australian homeowners. This strategic move aims to provide flexible and competitive financing options for those looking to purchase or refinance new or used caravans. - read more
News image: Destination NSW's 'Feel More, Live More' Campaign: Boosting Caravan Tourism Across the State Destination NSW's 'Feel More, Live More' Campaign: Boosting Caravan Tourism Across the State
Wed, 06 May: In a concerted effort to stimulate regional tourism, Destination NSW has collaborated with the Caravan and Camping Industry Association (CCIA) NSW to launch the 'Feel More, Live More' campaign. This month-long initiative aims to increase awareness and visitation to the state's 400 holiday parks during the autumn, winter, and spring seasons. - read more
News image: LDV's Deliver 9 Campervan Series 2: Elevating the Australian Travel Experience LDV's Deliver 9 Campervan Series 2: Elevating the Australian Travel Experience
Wed, 06 May: LDV is set to make a significant impact on the Australian campervan market with the introduction of the Deliver 9 Campervan Series 2. Scheduled for release in March 2026, this updated model boasts a range of enhancements designed to elevate the travel experience for Australian adventurers. - read more
News image: CHU Introduces Cyber Protection in Strata Insurance Policies CHU Introduces Cyber Protection in Strata Insurance Policies
Wed, 06 May: In a significant move to bolster the resilience of Australian strata communities, CHU Underwriting Agencies has integrated cyber protection into its residential strata insurance policies. This enhancement specifically targets the growing risk of social engineering fraud, a form of cybercrime where malicious actors impersonate trusted contacts to manipulate payment instructions. - read more
News image: Suncorp's Strategic Shift in Strata Insurance Classification Suncorp's Strategic Shift in Strata Insurance Classification
Wed, 06 May: Suncorp, a leading Australian insurer, has strategically reclassified its strata insurance business from consumer to commercial, signalling a concerted effort to expand its footprint in the strata insurance market. This move aligns with the company's broader strategy to enhance its commercial insurance offerings and leverage synergies within its portfolio. - read more
News image: CHU Expands Strata Insurance Capacity to Support Larger Developments CHU Expands Strata Insurance Capacity to Support Larger Developments
Wed, 06 May: CHU Underwriting Agencies, Australia's largest strata insurance underwriting agency, has announced a significant increase in its single risk capacity, more than doubling it to $690 million. This substantial enhancement reflects CHU's commitment to accommodating the evolving landscape of strata developments across the nation. - read more
News image: Suncorp's Strategic Reinsurance Move to Bolster Financial Stability Suncorp's Strategic Reinsurance Move to Bolster Financial Stability
Wed, 06 May: Suncorp has recently finalised a substantial reinsurance agreement valued at AU$2.4 billion, spanning five years. This strategic move is designed to cap natural hazard costs in approximately 90% of scenarios, thereby enhancing the company's financial resilience. - read more
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