| ICA Proposes Measures to Mitigate Escalating Motor Insurance Premiums Mon, 09 Feb: The Insurance Council of Australia (ICA) has released a policy paper titled 'Motor Insurance Policy Paper – A Roadmap for Reducing Rising Premiums,' highlighting the urgent need for coordinated action to address systemic cost drivers behind the 42% increase in comprehensive motor insurance premiums since 2019. - read more
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| Budget Direct Triumphs as Australia's Top Insurer in 2026 Mon, 09 Feb: In a remarkable achievement, Budget Direct has been honoured as the inaugural 'Insurer of the Year' at the 2026 Finder Provider of the Year Awards. This prestigious recognition underscores the company's unwavering commitment to delivering exceptional value and service to Australian policyholders. - read more
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| Australian Insurers Face Challenges in Cyber Risk Readiness Mon, 09 Feb: Recent findings from the PwC Insurance Banana Skins Survey have raised concerns about the preparedness of Australian insurers in managing emerging risks, particularly in the realms of cyber security and artificial intelligence (AI). The survey indicates that Australian insurers scored 6.6% lower on the Preparedness Index compared to their global counterparts, highlighting a significant gap in readiness. - read more
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| Significant Decline in Australian Commercial Insurance Rates Mon, 09 Feb: In a notable development for the Australian insurance market, commercial insurance rates experienced a substantial decline of 12% in the fourth quarter of 2025. This decrease, as reported by Marsh's Global Insurance Market Index, represents the most significant drop among the eight regions monitored and marks the steepest reduction since the Pacific rates began to decrease in early 2024. - read more
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| Australian Trucking Association Challenges Proposed Fuel Tax Hike Mon, 09 Feb: The Australian Trucking Association (ATA) has strongly opposed the Productivity Commission's proposal to phase out fuel tax credits for trucking operators, a move that would effectively double the fuel tax paid by the industry. ATA Chair Mark Parry highlighted that such an increase would raise the effective fuel tax from 32.4 cents to 66.1 cents per litre by 2035. - read more
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| Australia's First Major Electric Truck Charging Hub Set for Melbourne Mon, 09 Feb: In a landmark development for Australia's freight industry, energy company Mondo, with support from the Australian Renewable Energy Agency (ARENA), is set to establish the nation's first major electric truck charging hub in Melbourne's Laverton North. The project, slated for completion by late 2026, represents a significant step towards reducing emissions in road freight. - read more
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| Treasury Initiates Review of Professional Indemnity Insurance to Support CSLR Mon, 09 Feb: The Australian Treasury has commenced a consultation process aimed at improving the effectiveness of professional indemnity (PI) insurance, with the goal of strengthening the Compensation Scheme of Last Resort (CSLR). This initiative seeks to gather stakeholder feedback on the current operation of PI insurance and explore opportunities for enhancement. - read more
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| Landmark NSW Ruling: New Risks for Construction Liability Insurance Mon, 09 Feb: Recent developments in New South Wales have significantly altered the liability landscape for construction professionals. A landmark court ruling in the Pafburn case has removed the proportionate liability defence previously relied upon by developers and head contractors, thereby increasing their exposure to claims related to building defects. - read more
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| Upcover Introduces Management Liability Insurance for Australian SMEs Mon, 09 Feb: Sydney-based insurtech company Upcover has unveiled a new management liability insurance product designed specifically for small and medium-sized enterprises (SMEs) and sole traders in Australia. This offering aims to provide comprehensive protection against a range of risks that business owners may face. - read more
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| Sure Insurance Boosts Strata Coverage Limits to $20 Million Mon, 09 Feb: Sure Insurance, a specialist insurer in Northern and Regional Queensland, has announced an increase in its residential strata insurance coverage limits from $5 million to $20 million. This strategic move is designed to address the affordability crisis and improve access to adequate insurance for apartment complexes in these regions. - read more
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| ICA Advocates for Reforms in Victoria's Strata Legislation Mon, 09 Feb: The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata laws, highlighting that poor governance and deferred maintenance are leading to increased insurance premiums for the one in five Victorians residing in strata-titled properties. - read more
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| InsurtechLIVE26 Conference Set to Propel Insurance Innovation in 2026 Sun, 08 Feb: Insurtech Australia has officially announced the upcoming InsurtechLIVE26 conference, scheduled for 18 February 2026 at Doltone House Jones Bay Wharf in Sydney. This event is poised to be a pivotal gathering for professionals in the insurance and technology sectors, aiming to explore and advance innovation within the industry. - read more
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| Climate Change's Impact on Home Insurance Premiums: Insights from IAG Sun, 08 Feb: Insurance Australia Group (IAG), a leading insurer in the Australian market, has highlighted the escalating impact of climate change on home insurance premiums. The company reports that the increasing frequency and severity of weather events are significant factors driving up the cost of home insurance for Australians. - read more
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| ICA Advocates for Overhaul of Civil Liability Laws Amid Rising Insurance Premiums Sun, 08 Feb: The Insurance Council of Australia (ICA) has recently released a white paper highlighting the urgent need for reforms to state and territory civil liability laws, which have remained largely unchanged for nearly 25 years. These outdated laws are contributing to significant increases in public liability insurance premiums, affecting a wide range of businesses across the nation. - read more
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| APRA Data Shows Significant Rise in Public Liability Insurance Premiums Sun, 08 Feb: The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years. According to the data, premiums have risen by 40% since 2015, a rate that surpasses general inflation and places additional financial strain on businesses across the country. - read more
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| Upcover Unveils Comprehensive Management Liability Insurance for Australian SMEs Sun, 08 Feb: Sydney-based insurtech company Upcover has launched a new management liability insurance product designed specifically for small and medium-sized enterprises (SMEs) and sole traders across Australia. This offering aims to provide comprehensive protection against a range of risks, including employment disputes, official investigations, tax audits, financial crimes, statutory liabilities, and allegations of legal breaches. - read more
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| Undisclosed Tenant Activities Result in Denied Insurance Claim for Landlord Sun, 08 Feb: In a recent case, a landlord's failure to disclose a significant change in tenant activities led to the denial of a substantial insurance claim. The property, initially leased to a restaurant, began hosting weekly religious meetings on its upper floor without informing the insurer, AIG. This oversight became a pivotal factor when the landlord filed a theft claim amounting to $99,295, which AIG declined due to non-disclosure. - read more
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| Soaring Insurance Premiums Challenge NSW Businesses Sun, 08 Feb: Businesses across New South Wales are grappling with escalating insurance premiums, with many reporting significant increases over the past year. A survey conducted by Business NSW revealed that 64% of its members are not fully insured against catastrophes, and nearly 80% have experienced double-digit rate hikes. Alarmingly, one in three businesses reported premium increases exceeding 30%. - read more
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| Supermarket's Compensation Claim Against Insurance Broker Unsuccessful Sun, 08 Feb: A recent ruling by the Australian Financial Complaints Authority (AFCA) has denied a supermarket's claim for $230,000 in compensation from insurance broker Gallagher. The supermarket alleged that Gallagher's mishandling of its liability insurance led to a significant increase in premiums and a nearly five-month gap in coverage during 2023. - read more
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| NSW Strata Managers to Eliminate Insurance Commissions by 2026 Sun, 08 Feb: In a significant move towards greater transparency, the Strata Community Association New South Wales (SCA NSW) has announced that, starting January 1, 2026, its members will phase out the acceptance of insurance commissions in their management contracts. This shift aims to replace traditional commission-based remuneration with a clear fee-for-service model, aligning with evolving industry standards and consumer expectations. - read more
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| Insurance Capacity Constraints Impact High-End Strata Properties in Australia Sun, 08 Feb: High-end strata properties in Australia are currently facing significant challenges in securing adequate insurance coverage, as the market grapples with capacity constraints. This issue is particularly pronounced for buildings with property values exceeding $300 million, where limited insurer participation is leading to coverage shortfalls and increased premiums. - read more
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| Australian Managed Funds Experience Significant Growth in 2025 Sat, 07 Feb: In 2025, Australian managed funds experienced a substantial increase of $35.9 billion, as reported by Calastone. This growth was primarily driven by investors seeking stability through fixed income strategies amidst global economic uncertainties. - read more
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| The Rise of Non-Bank Lenders in Australian SME Financing Sat, 07 Feb: In recent years, Australian small and medium-sized enterprises (SMEs) have increasingly turned to non-bank lenders for their financing needs. This shift is driven by the demand for faster credit decisions and more flexible lending solutions, which traditional banks often struggle to provide. - read more
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| Australian SMEs Embrace Asset Finance to Drive Productivity Sat, 07 Feb: Amidst economic uncertainties and a cautious lending environment, Australian small and medium-sized enterprises (SMEs) are increasingly turning to asset finance to bolster long-term productivity. Recent data from Valiant Finance indicates a significant surge in asset finance volumes, with a 41% increase in Q3 and a 33% rise in Q4 of 2025. - read more
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| Rising SME Insolvencies Prompt Aggressive Actions from Non-Bank Lenders Sat, 07 Feb: As Australian small and medium-sized enterprises (SMEs) face increasing insolvency pressures, non-bank lenders are intensifying court-based recovery actions. Data from the Alares Credit Risk Insights report reveals a steady rise in court recoveries by non-bank lenders since 2019, reaching record levels in recent years. - read more
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