Breaking down the figures, $18.87 billion was placed with APRA-authorised general insurers, marking an increase from $17.66 billion in the June 2025 half and $17.97 billion a year earlier. Premiums placed with Lloyd's underwriters through intermediaries totalled $2.99 billion, compared to $2.54 billion in June 2025 and $3.00 billion in the prior December period. Conversely, intermediated business with unauthorised foreign insurers (UFIs) declined, with premium invoiced at $1.11 billion, down from $1.39 billion in the June 2025 half and $1.31 billion in the six months to December 2024.
These statistics highlight a strengthening reliance on intermediaries within the Australian insurance market. For tradespeople, this trend underscores the importance of engaging with knowledgeable insurance intermediaries who can navigate the evolving market landscape. Intermediaries can provide tailored advice, ensuring that tradies secure comprehensive coverage that aligns with their specific needs and risk profiles. As the insurance market continues to adapt to various economic and environmental factors, leveraging the expertise of intermediaries can be a strategic advantage for those in the trades sector.
Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
