| Europ Assistance Australia Now Underwrites Its Own Travel Insurance Policies Tue, 21 Apr: Europ Assistance Australia (EAA) has achieved a significant milestone by obtaining a general insurance licence from the Australian Prudential Regulation Authority (APRA). This development allows EAA to underwrite its own travel insurance products, marking a new chapter in its commitment to Australian travellers. - read more
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| RACV Highlights Risks of Last-Minute Travel Insurance Purchases Tue, 21 Apr: Recent insights from the Royal Automobile Club of Victoria (RACV) reveal a concerning trend among Australian travellers: 35% are purchasing travel insurance within seven days of departure, with 5% waiting until the day they leave. This last-minute approach can lead to significant gaps in coverage and benefits. - read more
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| Allianz Partners Highlights Risks of Travelling Uninsured for Australians Tue, 21 Apr: Allianz Partners is calling on Australian travellers to reassess their approach to travel insurance, following research revealing that 14% of Australians embark on overseas trips without any coverage. This statistic is even more pronounced among younger travellers under 30, with 23% travelling uninsured. - read more
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| Surge in Insurance Complaints Highlights Industry Challenges Tue, 21 Apr: Recent data from the Australian Financial Complaints Authority (AFCA) reveals a significant increase in consumer complaints against insurance companies, reaching an unprecedented average of 100 complaints per day. This surge is primarily attributed to delays in processing routine claims, rather than issues arising from natural disasters. - read more
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| Cybersecurity Gaps in Australian Insurance Industry Exposed Tue, 21 Apr: The latest PwC Insurance Banana Skins Survey indicates that Australian insurers are trailing their global counterparts in preparedness for emerging risks, particularly in the realms of cybersecurity and artificial intelligence (AI). The survey, which gathered insights from 698 insurance executives across 42 territories, reveals that Australian insurers scored 6.6% lower on the Preparedness Index compared to the global industry average. - read more
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| Market Concentration in Australian Insurance Industry Under Scrutiny Tue, 21 Apr: Recent analyses have brought to light concerns regarding the concentration of Australia's general insurance market, where four major companies—Insurance Australia Group (IAG), Suncorp, QBE, and Allianz—control nearly 74% of the market share. This dominance has sparked discussions about its implications for competition and consumer outcomes. - read more
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| ICA Advocates for Legal Changes to Ease Small Business Insurance Burden Tue, 21 Apr: The Insurance Council of Australia (ICA) has recently highlighted the pressing need for legal reforms to alleviate the escalating insurance premiums burdening small businesses across the nation. In a submission to the Parliamentary Joint Committee's inquiry into small business insurance, the ICA outlined several key areas requiring immediate attention. - read more
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| Legal Professionals Oppose Proposed Caps on Legal Fees in Liability Cases Tue, 21 Apr: The Australian Lawyers Alliance (ALA) has recently expressed strong opposition to the Insurance Council of Australia's (ICA) proposal to implement caps on legal fees in liability cases. This proposal is part of the ICA's broader agenda to address the rising insurance premiums affecting small businesses across Australia. - read more
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| ICA Advocates for Improved Risk Education to Support Small Businesses Tue, 21 Apr: The Insurance Council of Australia (ICA) has recently emphasized the need for improved risk education programs tailored for small and medium-sized enterprises (SMEs). This initiative aims to equip business owners with the knowledge and tools necessary to manage risks effectively and navigate the complexities of the insurance market. - read more
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| Café's Underinsurance Leads to Reduced Payouts After Storm Damage Tue, 21 Apr: In February 2026, a café and catering business faced significant financial challenges after a storm caused extensive damage, leading to a prolonged closure. The Australian Financial Complaints Authority (AFCA) ruled that the café's underinsurance resulted in reduced claim payouts, highlighting the critical need for businesses to ensure their insurance coverage accurately reflects their risk exposure. - read more
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| Arson Claim Approved for Restaurant Despite Director's Undisclosed Criminal Record Tue, 21 Apr: In June 2025, the Australian Financial Complaints Authority (AFCA) ruled in favor of a restaurant's arson claim, despite the director's failure to disclose his criminal history during the policy's inception. This decision highlights the complexities surrounding disclosure obligations and the importance of clear communication between insurers and policyholders. - read more
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| Undisclosed Religious Meetings Result in Denied Theft Claim for Landlord Tue, 21 Apr: In December 2025, the Australian Financial Complaints Authority (AFCA) upheld AIG's decision to deny a landlord's theft claim, citing the landlord's failure to disclose that the leased property was used for religious meetings. This case highlights the paramount importance of accurate disclosure regarding property use in insurance agreements. - read more
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| NSW Productivity Commissioner Calls for Immediate Ban on Strata Manager Commissions Tue, 21 Apr: In a significant development for New South Wales' strata sector, Productivity Commissioner Peter Achterstraat has recommended the prompt prohibition of commissions received by strata managers. This move aims to safeguard the interests of apartment owners, especially as strata living becomes increasingly prevalent in Sydney. - read more
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| CHU's 2025 Report Shows Stability in Strata Insurance Premiums Tue, 21 Apr: CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current state of the industry. The report indicates that strata insurance premiums have experienced a modest increase of 2.8%, rising from an average of $954 to $981 per lot annually in the year leading up to June 2025. This increment is notably lower than the 14% surge observed in house insurance premiums during the same period. - read more
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| Insurance Council of Australia Advocates for Strata Law Reforms to Mitigate Rising Premiums Tue, 21 Apr: The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, highlighting that inadequate governance and deferred maintenance are leading to increased insurance premiums for residents. With approximately one in five Victorians living in strata-titled properties, the impact of these issues is widespread and pressing. - read more
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| New $100 Million Initiative Reduces EV Financing Costs in Australia Tue, 21 Apr: The Clean Energy Finance Corporation (CEFC) has announced a significant partnership with Volkswagen Financial Services Australia (VWFS) to make electric vehicle (EV) ownership more accessible to Australians. This $100 million initiative aims to reduce the upfront costs associated with purchasing EVs by offering discounted financing options. - read more
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| Australian Electric Vehicle Sales Jump 41% in First Quarter of 2026 Tue, 21 Apr: Australia has witnessed a significant surge in electric vehicle (EV) sales during the first quarter of 2026, with a 41% increase compared to the same period last year. This growth is largely attributed to escalating fuel prices and a heightened awareness of the benefits associated with EV ownership. - read more
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| New Partnership Offers Discounted Financing for Hyundai and Kia Electric Vehicles Tue, 21 Apr: The Clean Energy Finance Corporation (CEFC) has joined forces with Hyundai Capital Australia to introduce a financing program aimed at reducing the upfront costs associated with purchasing electric vehicles (EVs). This initiative is designed to make EV ownership more accessible to Australian consumers by offering discounted loan rates on eligible Hyundai and Kia models. - read more
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| NSW Unveils $100 Million Plan to Expand EV Charging Network and Support Electric Trucks Tue, 21 Apr: The New South Wales (NSW) Government has announced a substantial $100 million investment aimed at enhancing the state's electric vehicle (EV) infrastructure and supporting the transition to cleaner transportation. This initiative is set to introduce 1,000 new public EV chargers over the next two years and provide financial incentives for businesses to adopt electric trucks. - read more
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| CEFC and Volkswagen Financial Services Collaborate to Reduce EV Financing Costs Tue, 21 Apr: The Clean Energy Finance Corporation (CEFC) has announced a significant partnership with Volkswagen Financial Services Australia (VWFS), committing $100 million to provide discounted financing for electric vehicles (EVs). This initiative is designed to make EV ownership more attainable for both individuals and businesses across Australia. - read more
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| Electric Vehicle Sales in Australia Jump 41% in First Quarter of 2026 Tue, 21 Apr: Australia has witnessed a significant surge in electric vehicle (EV) sales during the first quarter of 2026, with a 41% increase compared to the same period last year. This uptick is largely attributed to escalating fuel prices, prompting consumers to seek more economical and sustainable transportation options. - read more
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| New Partnership Offers Discounted Financing for Hyundai and Kia Electric Vehicles Tue, 21 Apr: The Clean Energy Finance Corporation (CEFC) has announced a partnership with Hyundai Capital Australia (HCAU) to offer discounted financing on eligible Hyundai and Kia electric vehicles (EVs). This initiative aims to reduce the upfront costs associated with EV ownership, making it more accessible for households and small businesses. - read more
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| CommBank Sees Record Increase in EV Loan Applications as Fuel Prices Soar Tue, 21 Apr: Commonwealth Bank of Australia (CommBank) has reported a significant surge in electric vehicle (EV) loan applications, with a 161% increase in March compared to February. This spike is largely attributed to escalating fuel prices and growing concerns over energy security. - read more
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| MONEYME Reports Record Surge in Electric Vehicle Loan Applications Tue, 21 Apr: Fintech lender MONEYME has reported a record 90% month-on-month increase in electric vehicle (EV) loan applications from February to March 2026. This substantial rise underscores a significant shift in Australian consumer behavior towards EV adoption. - read more
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| Surge in Insurance Complaints Highlights Processing Delays Tue, 21 Apr: Recent data from the Australian Financial Complaints Authority (AFCA) reveals a significant increase in consumer complaints against insurance companies, reaching an unprecedented average of 100 complaints per day. This surge is primarily attributed to delays in processing routine claims, rather than issues stemming from natural disasters. - read more
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Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
