| Survey Highlights Alarming Number of Australians Travelling Uninsured Mon, 16 Feb: Recent research conducted by the Insurance Council of Australia (ICA) and the Department of Foreign Affairs and Trade (DFAT) has unveiled a concerning trend: approximately 14% of Australian travelers embark on international journeys without any form of travel insurance. This statistic has prompted industry leaders to urge Australians to reconsider the importance of securing adequate coverage before traveling abroad. - read more
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| IAG's Impressive FY25 Performance and Strategic Outlook for FY26 Mon, 16 Feb: Insurance Australia Group (IAG) has reported a notable 4.3% increase in gross written premium (GWP), reaching $17.1 billion for the fiscal year 2025. This growth is accompanied by a net profit after tax of $1.36 billion, marking a significant rise from the previous year's $898 million. The company's reported insurance profit stands at $1.74 billion, with a margin of 17.5%, and a return on equity improving to 19.4%. - read more
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| Potential Decrease in Australian Insurance Premiums Amid Global Market Downturn Mon, 16 Feb: Recent developments in the global financial markets have sparked discussions about potential benefits for Australian insurance policyholders. A significant sell-off in the insurance sector on Wall Street has led analysts to speculate that Australian insurance premiums could see a reduction in the near future. - read more
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| NSW Court Decision Escalates Liability Risks for Construction Industry Mon, 16 Feb: A recent landmark ruling in New South Wales has significantly altered the liability landscape for the construction industry. The court's decision removes the ability for developers and builders to rely on proportionate liability defences under the Design and Building Practitioners Act 2020 (DBP Act), thereby increasing their exposure to claims related to building defects. - read more
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| Rising Public Liability Insurance Premiums Challenge Australian Businesses Mon, 16 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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| IAG Foresees Ongoing Insurance Premium Rises Amidst Inflation and Climate Concerns Mon, 16 Feb: Insurance Australia Group (IAG), a leading insurer in the Australian market, has reported a significant 91% increase in net profit for the first half of the 2024-2025 financial year, amounting to $778 million. This surge is largely attributed to favourable weather conditions during the period. Despite this positive financial outcome, IAG's CEO, Nick Hawkins, has indicated that insurance premiums are expected to continue rising, though at a more moderated pace compared to previous years. - read more
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| Lismore Pizza Restaurant Secures Insurance Payout After Stormwater Damage Dispute Mon, 16 Feb: A Lismore-based pizza restaurant has successfully resolved an insurance dispute concerning stormwater damage sustained during severe weather events in February 2023. The restaurant experienced multiple instances of stormwater ingress between 10 pm on February 27 and 4 am on February 28, with water levels reaching up to 100mm before the premises were overwhelmed by floodwaters. - read more
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| CHU Revamps Residential Strata Insurance Policies Mon, 16 Feb: In August 2025, CHU, Australia's largest strata underwriting agency, announced significant updates to its residential strata insurance policies. These enhancements are designed to address evolving customer needs by removing complexities, bridging coverage gaps, and ensuring better protection for strata residents. - read more
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| NSW Implements Stricter Strata Maintenance Regulations Mon, 16 Feb: In November 2025, New South Wales (NSW) introduced a series of reforms aimed at strengthening the maintenance and repair obligations of strata properties. These changes empower NSW Fair Trading to issue compliance notices and enter enforceable undertakings with owners' corporations that fail to maintain and repair common property as required. - read more
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| Sea-Doo Dominates Australian Marine Brand Searches in Q4 2025 Sun, 15 Feb: As the Australian summer approaches, the marine industry has witnessed a significant shift in consumer interest, with Sea-Doo emerging as the most-searched marine brand in the fourth quarter of 2025. According to Retain Media's Q4 2025 Marine Market Brand Consideration Report, Sea-Doo captured 11.2% of search queries, marking a substantial 51.4% increase from the previous quarter's 7.4%. - read more
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| Starboard Maritime Intelligence Raises $20 Million to Advance AI Maritime Security Sun, 15 Feb: In a significant development for maritime security, Starboard Maritime Intelligence, a New Zealand-based company specializing in artificial intelligence solutions for ocean protection, has successfully closed a NZ$23 million (approximately AU$20.6 million) Series A funding round. This oversubscribed round attracted substantial interest from Australian venture capital firms, underscoring the growing importance of advanced technologies in safeguarding maritime interests. - read more
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| Cyan Renewables Acquires MMA Offshore in AU$1.1 Billion Deal Sun, 15 Feb: In a landmark transaction within the marine industry, Singapore-based Cyan Renewables has acquired Australian offshore marine services provider MMA Offshore for AU$1.1 billion (approximately US$702 million). This acquisition represents the region's largest take-private deal in the offshore wind energy services sector, significantly enhancing Cyan's presence in the Asia-Pacific (APAC) region. - read more
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| AFCA Issues Warning to SMEs on Unregulated Lenders Sun, 15 Feb: The Australian Financial Complaints Authority (AFCA) has recently raised concerns regarding the risks small and medium-sized enterprises (SMEs) face when engaging with unregulated lenders. This caution comes in response to a notable increase in complaints that AFCA cannot address due to the lenders' non-membership status. - read more
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| Australian Tech Startups Secure $4 Billion Amid Traditional Lending Decline Sun, 15 Feb: In 2024, Australian technology startups achieved a significant milestone by raising $4 billion across 414 deals, marking an 11% increase from the previous year and the third-highest annual total on record. This surge underscores the robust investor confidence in the tech sector, particularly in areas like artificial intelligence, health technology, and climate technology. - read more
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| SME Lending Boom Presents New Revenue Opportunities for Brokers Sun, 15 Feb: Australia is witnessing a significant surge in small and medium-sized enterprise (SME) lending, creating lucrative opportunities for brokers to expand their revenue streams. This growth is driven by SMEs' increasing appetite for expansion, including hiring staff, upgrading equipment, and scaling operations after strong trading periods. - read more
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| Strata Communities Endorse Call for Enhanced Resilience Reforms Sun, 15 Feb: Strata communities are at the forefront of Australia's resilience battle, facing escalating costs, declining coverage, and prolonged recovery periods following disasters. Strata Community Association Australasia (SCA) has expressed strong support for the Insurance Council of Australia's (ICA) recent call for coordinated, long-term resilience reforms to protect communities from these challenges. - read more
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| Artificial Intelligence Revolutionises Australian Insurance Sector Sun, 15 Feb: The Australian insurance industry is undergoing a significant transformation, with companies increasingly integrating artificial intelligence (AI) into their operations. This shift aims to enhance efficiency, improve customer service, and strengthen risk management practices in a rapidly evolving market. - read more
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| Australian Insurers Confront Financial Risks Amid Climate Change Sun, 15 Feb: Climate change is increasingly impacting the Australian insurance industry, presenting significant financial risks as the frequency and severity of natural disasters escalate. Insurers are grappling with the challenge of adapting to this new reality while maintaining financial stability and providing affordable coverage to consumers. - read more
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| Budget Direct Triumphs as 2026 Insurer of the Year Sun, 15 Feb: Budget Direct has been honoured with the inaugural 'Insurer of the Year' title at the 2026 Finder Provider of the Year Awards, marking a significant achievement in the Australian insurance sector. This accolade underscores the company's commitment to delivering exceptional value and service to its customers. - read more
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| Australian Insurers Face Growing AI and Cybersecurity Challenges Sun, 15 Feb: Recent findings from the PwC Insurance Banana Skins Survey reveal a concerning trend: Australian insurers are increasingly falling behind their global counterparts in preparedness for emerging risks, particularly those associated with artificial intelligence (AI) and cyber threats. The survey indicates that local insurers are now 6.6% less prepared than their international peers, marking the widest gap observed in recent years. - read more
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| Australian General Insurers Report Record Financial Performance Sun, 15 Feb: The Australian general insurance industry has reported a remarkable financial performance for the 2025 financial year (FY25), achieving a 19% return on equity (ROE)—the highest in a decade. This significant milestone reflects the sector's resilience and strategic adaptability in a dynamic economic environment. - read more
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| IAG's Strategic Reinsurance Deals Aim to Bolster Financial Stability Sun, 15 Feb: Insurance Australia Group (IAG) has recently announced the establishment of two significant reinsurance agreements designed to enhance the company's financial stability by reducing earnings volatility. These strategic moves involve partnerships with global reinsurers Berkshire Hathaway and Canada Life Reinsurance, focusing on long-term natural perils protection, and an Adverse Development Cover with Enstar to address long-tail risks. - read more
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| IAG Implements Executive Leadership Changes to Drive Strategic Objectives Sun, 15 Feb: Insurance Australia Group (IAG) has announced significant changes to its executive leadership team as part of its ongoing efforts to align with strategic objectives and enhance operational efficiency. The company has confirmed the retirement of Chief Financial Officer (CFO) Michelle McPherson by the end of 2023 and the departure of Chief Insurance & Strategy Officer Tim Plant on 30 June 2023. - read more
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| ANZ's Australia Commercial Division Sees 11% Profit Growth Sat, 14 Feb: ANZ Banking Group has reported an 11% increase in profit for its Australia Commercial division over the past year. This growth is attributed to robust lending activities, particularly in the agribusiness and health sectors. - read more
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| AMA Advocates for Regulatory Reforms to Curb Health Insurers' Market Power Sat, 14 Feb: The Australian Medical Association (AMA) has recently highlighted concerns regarding the substantial market power wielded by private health insurers and its potential adverse effects on patient care and healthcare costs. In a position statement released on 4 February 2026, the AMA emphasised the need for regulatory reforms to prevent insurers from exploiting their dominant positions in the healthcare sector. - read more
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| Declining Value in Private Health Insurance: AMA Calls for Urgent Reforms Sat, 14 Feb: Recent findings from the Australian Medical Association (AMA) reveal a concerning trend in the private health insurance sector: Australians are facing higher premiums while experiencing diminishing returns on their policies. The AMA's latest Private Health Insurance Report Card, released on 5 December 2025, highlights the urgent need for reforms to address these issues. - read more
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| Private Health Insurers Under Fire for Premium Increases Despite Government Warnings Sat, 14 Feb: Private health insurers in Australia are facing mounting criticism for implementing significant premium increases, despite explicit warnings from the Health Minister. This development has sparked concerns about the affordability of healthcare and the practices employed by insurers to maximise profits. - read more
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| AIA Australia's Commitment to Mental Health: City2Surf Partnership Sat, 14 Feb: In August 2025, AIA Australia, a leading life, health, and wellbeing insurer, took a significant step in addressing the nation's mental health crisis by partnering with the City2Surf event in Sydney. This collaboration aimed to raise both funds and awareness for mental health, a pressing issue that has seen a notable increase in related insurance claims over recent years. - read more
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| AUSactive and Private Healthcare Australia: Pioneering Health Insurance Reforms Sat, 14 Feb: In July 2025, AUSactive, Australia's peak body for the exercise and active health sector, announced a strategic partnership with Private Healthcare Australia (PHA) aimed at reforming private health insurance to include evidence-based preventive health services. This collaboration follows recent legislative changes that permit private health insurers to offer rebates for select natural therapies, marking a significant shift in the integration of preventive health into the insurance framework. - read more
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| AIA Australia's New Member Insurance Portal: Revolutionising Claims Processing Sat, 14 Feb: In July 2024, AIA Australia, a prominent life, health, and wellbeing insurer, unveiled its cutting-edge Member Insurance Portal, designed to streamline the insurance experience for group insurance customers. This digital innovation focuses on optimising the claims process, providing members with the ability to track their claims throughout the entire lifecycle, thereby ensuring transparency and simplicity during potentially challenging times. - read more
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| Government Criticises Insurers Amid Rising Premiums Sat, 14 Feb: In March 2025, Prime Minister Anthony Albanese publicly criticised Australian insurance companies, accusing them of 'ripping off' consumers through escalating premiums. This statement came in response to widespread concerns about the affordability of insurance, particularly following natural disasters like ex-Tropical Cyclone Alfred. - read more
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| Upcoming Regulations Pose New Challenges for Australian Insurers Sat, 14 Feb: The Australian insurance industry is on the cusp of significant regulatory changes with the impending implementation of the Financial Accountability Regime (FAR) and CPS230 Operational Resilience. These regulations, set to take effect in March and July 2025 respectively, will require insurers to make strategic adjustments to ensure compliance and maintain operational resilience. - read more
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| Declining Construction Insurance Premiums in Australia: A 2025 Overview Sat, 14 Feb: In 2025, Australia's construction insurance market experienced a notable shift, with premiums decreasing across various lines. This trend marks a departure from the upward trajectory observed in previous years, offering a more favourable environment for construction businesses seeking coverage. - read more
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| The Impact of Escalating Construction Costs on Insurance Claims in Australia Sat, 14 Feb: Australia's construction sector is currently grappling with significant cost escalations, which are having a direct impact on insurance claims and repair timelines. Factors such as rising material prices, labour shortages, and an increase in builder insolvencies are contributing to this trend. - read more
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| ICA's Push for Reforms to Lower Insurance Costs and Strengthen Housing Resilience in Queensland Sat, 14 Feb: The Insurance Council of Australia (ICA) has recently submitted a series of recommendations to the Queensland Productivity Commission, aiming to reform the state's construction industry. These proposals are designed to reduce insurance costs and bolster housing resilience, addressing both economic efficiency and disaster preparedness. - read more
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| IMB Bank Recognised as Australia's Leading Personal Loan Provider in 2026 Fri, 13 Feb: In a significant achievement, IMB Bank has been named Australia's Best Personal Loan lender for 2026 by Mozo, a leading financial comparison platform. This marks the second consecutive year that IMB Bank has secured this prestigious title, underscoring its consistent commitment to providing exceptional value in personal lending. - read more
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| APRA's New Debt-to-Income Cap Aims to Curb High-Risk Mortgage Lending Fri, 13 Feb: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks associated with high debt-to-income (DTI) mortgage lending. Effective from 1 February 2026, APRA will enforce a cap, limiting banks to allocating no more than 20% of new mortgages to borrowers whose total debt exceeds six times their income. - read more
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| Record Surge in Investor Lending Reaches $72 Billion in September Quarter Fri, 13 Feb: In the September quarter of 2025, investor lending in Australia reached an unprecedented $72 billion, marking a significant 12% increase from the previous quarter. This surge reflects a growing appetite among investors for property acquisitions, driven by favorable market conditions and competitive lending rates. - read more
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| APRA's New Lending Limits: What Borrowers Need to Know Fri, 13 Feb: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at curbing high-risk lending practices within the housing market. Effective from 1 February 2026, APRA will implement a cap limiting banks to issuing no more than 20% of new home loans with debt-to-income (DTI) ratios of six times or higher. This measure applies to both owner-occupier and investor loans, excluding new housing developments. - read more
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| Westpac's Financial Milestones: Profit Surge and Strategic Sale Fri, 13 Feb: Westpac Banking Corporation has reported a robust full-year profit of $7 billion, underscoring its strong financial performance in the current economic climate. In a strategic move, the bank has also announced the sale of its RAMS mortgage business for $21.4 billion, a decision that aligns with its focus on streamlining operations and enhancing shareholder value. - read more
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| Introducing the Kia Tasman: Kia's Entry into the Australian Ute Segment Fri, 13 Feb: The Australian ute market is poised to welcome a new entrant with the upcoming launch of the Kia Tasman. Scheduled to arrive in mid-2025, the Tasman marks Kia's inaugural foray into the competitive utility vehicle segment, traditionally dominated by models like the Ford Ranger, Toyota HiLux, and Isuzu D-Max. - read more
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| Lightspeed Motor Company: Bringing Car Manufacturing Back to Australia Fri, 13 Feb: In a bold move to revitalise Australia's automotive manufacturing sector, Melbourne-based Lightspeed Motor Company has announced plans to locally produce the Ariel Atom sports car and the Ariel Nomad off-roader. This initiative aims to address lengthy wait times and high costs associated with importing these vehicles from the UK. - read more
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| Volkswagen and Jayco Unveil the Crafter Kampervan: A New Era for Australian Motorhomes Fri, 13 Feb: Volkswagen Australia has joined forces with renowned caravan specialist Jayco to introduce the Crafter Kampervan, a fully-equipped motorhome tailored for the Australian market. This collaboration combines Volkswagen's automotive expertise with Jayco's experience in recreational vehicles, resulting in a product designed to meet the needs of Australian travellers. - read more
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| New Partnership Aims to Reduce Electric Vehicle Costs for Australians Fri, 13 Feb: In a significant move towards promoting sustainable transportation, the Clean Energy Finance Corporation (CEFC) has committed up to $60 million in partnership with Hyundai Capital Australia (HCAU) to make electric vehicles (EVs) more affordable for Australian consumers. - read more
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| Australians Embrace Hybrid Vehicles Amid Rising Environmental Awareness Fri, 13 Feb: The Australian automotive market is witnessing a significant shift as consumers increasingly opt for hybrid vehicles, balancing practicality with environmental consciousness. Recent data from the Australian Automotive Dealer Association (AADA) and AutoGrab reveals that used hybrid car sales have more than doubled over the past two years, escalating from 6,868 units in October 2023 to 14,784 in October 2025. - read more
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| AADA Reports Stabilisation in Australian Used Car Market for 2025 Fri, 13 Feb: The Australian Automotive Dealer Association (AADA), in collaboration with AutoGrab, has released the Annual 2025 Automotive Insights Report, providing a comprehensive overview of the nation's used car market over the past year. The report indicates a stabilisation in the market, with total used car sales reaching 2.32 million vehicles in 2025, a slight decrease of 0.37% compared to 2024. - read more
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| CEFC and Hyundai Capital Australia Collaborate to Lower EV Loan Rates Fri, 13 Feb: The Clean Energy Finance Corporation (CEFC) has announced a significant partnership with Hyundai Capital Australia (HCAU), committing up to $60 million to reduce the upfront costs associated with electric vehicle (EV) ownership. This initiative is designed to make EVs more accessible to Australian households and small businesses by offering discounted finance rates on eligible Hyundai and Kia electric models. - read more
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| Significant Decline in Energy Prices Across New South Wales and Queensland Fri, 13 Feb: Recent developments in the energy sector have seen wholesale prices in New South Wales (NSW) and Queensland (QLD) drop to their lowest levels in 12 months. This decline presents a crucial opportunity for energy consumers, including those in the marine industry, to reassess and potentially reduce their energy expenditures. - read more
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| Pelagic Risk Services Strengthens Partnership with Marina Industries Association Fri, 13 Feb: Pelagic Risk Services, a specialist marine insurance broker, has recently elevated its support for the Australian marina sector by upgrading its sponsorship of the Marina Industries Association (MIA) from Silver to Gold. This move underscores the company's dedication to the growth and sustainability of marinas across the nation. - read more
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| Bhagwan Marine's Strategic Acquisition of Riverside Marine Holdings Fri, 13 Feb: In a significant move within the Australian marine industry, Bhagwan Marine has announced its acquisition of Riverside Marine Holdings, a Brisbane-based company with a rich history dating back to 1926. This strategic acquisition is set to be finalised by 31 March 2026 and marks a pivotal step in Bhagwan Marine's growth strategy. - read more
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| Leadership Transition at NTI: Janelle Greene Named New CEO Fri, 13 Feb: National Transport Insurance (NTI), Australia's premier transport and logistics insurance provider, has announced the appointment of Janelle Greene as its new Chief Executive Officer, effective July 1. Greene, who currently serves as NTI's Chief Customer Officer, will succeed Tony Clark, who has led the company for the past 18 years. - read more
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| Decade-Long Battle Ends in TPD Payout for Injured Truck Driver Fri, 13 Feb: In a significant ruling by the Australian Financial Complaints Authority (AFCA), a truck driver has been awarded a total and permanent disability (TPD) benefit, concluding a protracted dispute that spanned over a decade. - read more
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| NHVR's Revised Master Code: Broader Safety Guidelines for Heavy Vehicle Users Fri, 13 Feb: The National Heavy Vehicle Regulator (NHVR) has recently updated its Master Code of Practice, marking the first revision since its initial release in 2018. This comprehensive update extends its reach beyond traditional road transport businesses to encompass a wider array of industries that utilise heavy vehicles, including manufacturing, construction, mining, retail, and logistics. - read more
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| First Home Buyer Loan Applications Surge Following Government's 5% Deposit Scheme Expansion Thu, 12 Feb: October 2025 marked a significant milestone for first-time homebuyers in Australia, with loan applications surging by 39.2%. This remarkable increase is largely attributed to the federal government's expansion of the 5% Deposit Scheme, which has made homeownership more accessible to a broader segment of the population. - read more
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| Investor Home Loans Surge Amid Record Borrowing in Australian Property Market Thu, 12 Feb: In the third quarter of 2025, Australia's property market witnessed a significant shift as investors accounted for two out of every five home loans. Data from the Australian Bureau of Statistics (ABS) revealed that over 57,000 investors borrowed nearly $40 billion during this period, marking a 17.6% increase from the previous quarter. This surge underscores a growing trend of investor dominance in the housing sector. - read more
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| Sydney Boat Show 2026: Bigger and Better at Sydney Olympic Park Thu, 12 Feb: The Boating Industry Association Ltd (BIA) has officially announced that the 2026 Sydney Boat Show will take place at the Sydney Showgrounds at Sydney Olympic Park from Thursday, 30 July to Sunday, 2 August 2026. This four-day event is set to expand following the success of its debut in 2025 and strong interest from the industry. - read more
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| Australian Superyacht Conference 2026: New Format and Sydney Location Thu, 12 Feb: Superyacht Australia has announced the return of the Australian Superyacht Conference in 2026, introducing a refreshed format and a new location in Sydney. Traditionally held on the Gold Coast in May ahead of the Sanctuary Cove International Boat Show, the conference will now take place immediately following the inaugural Sydney Charter Show, creating an exciting week of activity for Australia’s growing superyacht sector. - read more
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| d’Albora Marinas Strengthens Southeast Queensland Presence with New Acquisition Thu, 12 Feb: d’Albora Marinas, Australia’s largest premium marina and hospitality network, has expanded its national footprint with the acquisition of Tin Can Bay Marina, strengthening its presence in Southeast Queensland and reinforcing its commitment to investing in standout coastal destinations. - read more
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| AFCA Upholds Policyholder's Income Protection Benefits Against Zurich Thu, 12 Feb: The Australian Financial Complaints Authority (AFCA) has recently ruled against Zurich Insurance, instructing the insurer to maintain the current income protection benefits for a policyholder after an 11-year delay in proposing a reduction. This decision underscores the critical importance of timely and transparent communication between insurers and their clients. - read more
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| Neos Recognized as Leading Income Protection Insurer in 2025 Thu, 12 Feb: In the 2025 Life Insurance Awards presented by Money Magazine, Neos has been honored as the top provider in the Income Protection Insurance category. This accolade reflects Neos's commitment to delivering comprehensive and reliable income protection solutions to Australians. - read more
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| Northern Australian Marinas Struggle with Rising Insurance Costs Thu, 12 Feb: Marina operators in Northern Australia are confronting a significant crisis as insurance premiums escalate dramatically, with some experiencing increases exceeding 300% over recent years. This surge in costs is placing immense financial strain on the industry, prompting urgent calls for government intervention. - read more
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| GT Insurance Provides Flexible Solutions Amid Global Trade Shifts Thu, 12 Feb: As global trade dynamics undergo significant shifts, GT Insurance is reaffirming its commitment to supporting marine clients navigating these challenges. The recent imposition of US tariffs—25% on Australian steel and aluminium, and 10% on other exported goods—has introduced new uncertainties for local exporters, particularly in sectors like beef and bulk freight. These tariffs, effective from April 5, 2025, have prompted concerns about declining export volumes and reduced freight margins. - read more
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| Business NSW Advocates for Urgent Insurance Reforms to Alleviate Rising Premiums Thu, 12 Feb: Business NSW, the leading business advocacy group in New South Wales, has raised alarms over the escalating insurance premiums that are placing significant financial strain on businesses across the state. Recent findings from their Business Conditions Survey reveal that nearly 80% of businesses have encountered double-digit increases in insurance costs over the past year, with one in three reporting hikes of 30% or more. - read more
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| Australian and New Zealand Insurers Leverage AI to Transform Services Thu, 12 Feb: Insurance companies across Australia and New Zealand are increasingly investing in artificial intelligence (AI) technologies as part of their digital transformation strategies. This shift aims to enhance operational efficiency, improve customer service, and strengthen risk management practices. - read more
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| AFCA Identifies Widespread Issues in Australian Insurance Industry Thu, 12 Feb: The Australian Financial Complaints Authority (AFCA) has released its latest Systemic Issues Insights Report, covering the second half of the 2024-25 financial year. The report details the identification and resolution of systemic issues across Australia’s financial services sector, with a significant focus on insurance and related products. - read more
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| TAL's Health Sense Plus Now Covers Income Protection Policies Wed, 11 Feb: In a strategic move to make life insurance more relevant to younger Australians, TAL has expanded its Health Sense Plus program to encompass income protection policies. This initiative allows advisers to offer clients enhanced value through a straightforward preventative health engagement. - read more
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| AFCA's Ruling: Home-Based Waxing Salon Deemed a Business Wed, 11 Feb: The Australian Financial Complaints Authority (AFCA) recently ruled that a home-based waxing salon constitutes a business, not merely a hobby. This decision has significant implications for beauticians managing home-based operations, particularly concerning insurance disclosures and compliance. - read more
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| Insurers Push for Overhaul of Civil Liability Laws Amid Rising Premiums Wed, 11 Feb: The Insurance Council of Australia (ICA) has recently called for comprehensive reforms to state and territory civil liability laws, citing significant increases in public liability insurance premiums. This development is particularly relevant for beauticians and small business owners in the beauty industry, who are experiencing escalating insurance costs. - read more
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| Cosmetic Injectables Industry Booms Amid Safety Concerns Wed, 11 Feb: The cosmetic injectables industry in Australia has experienced significant growth, with the market valued at $4.1 billion in 2023 and projected to grow by 19.3% annually until 2030. This surge reflects increasing consumer demand for non-surgical cosmetic procedures, including anti-wrinkle injections and dermal fillers. - read more
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| Escalating Insurance Costs Pose Challenges for Small Builders Wed, 11 Feb: Recent findings from the Housing Industry Association (HIA) reveal that a significant majority of small and medium-sized builders in Australia are grappling with the escalating costs of insurance premiums. In a comprehensive survey, 72% of respondents identified rising insurance expenses as the primary pressure point affecting their businesses. This concern surpasses other operational challenges such as planning approvals, skilled labour shortages, and compliance with building codes. - read more
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| Australian Home Prices Hit Record Highs Following Rate Reduction Wed, 11 Feb: In March 2025, Australia's housing market experienced a significant milestone, with national home prices reaching a new peak. This surge was largely influenced by the Reserve Bank of Australia's (RBA) decision to cut interest rates in February, which reignited buyer demand across the country. - read more
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| CommBank Expands Green Loan Options for Sustainable Homes Tue, 10 Feb: Commonwealth Bank of Australia (CommBank) has strengthened its commitment to environmental sustainability by expanding its Green Home Offer through a renewed partnership with the Clean Energy Finance Corporation (CEFC). This collaboration introduces enhanced financial incentives for homeowners aiming to improve their property's energy efficiency. - read more
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| ASIC Cracks Down on Unlicensed Financial Influencers Tue, 10 Feb: The Australian Securities and Investments Commission (ASIC) has intensified its efforts to regulate financial content on social media by issuing warning notices to 18 'finfluencers'—individuals who use social media platforms to discuss financial products and investments. These actions are part of a coordinated international initiative targeting unlicensed promotion of high-risk financial products. - read more
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| Virgin Australia Launches In-Cabin Flights for Pets Tue, 10 Feb: Virgin Australia has unveiled its 'Pets in Cabin' service, a pioneering initiative that allows passengers to travel with their pets in the aircraft cabin on select domestic routes. This service caters to Australia's substantial pet-owning population, offering a more comfortable and convenient travel option for both pets and their owners. - read more
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| Honda Leads Australian Motorcycle Sales with 21,901 Units in 2025 Tue, 10 Feb: Honda Australia has emerged as the leading motorcycle brand in 2025, achieving a remarkable 10% increase in sales over the previous year. The company sold a total of 21,901 motorcycles, solidifying its position at the forefront of the Australian market. - read more
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| Record Attendance at 2025 Australian Motorcycle Grand Prix Energizes Phillip Island Tue, 10 Feb: The 2025 Australian Motorcycle Grand Prix, held at the Phillip Island Grand Prix Circuit, attracted approximately 91,245 visitors, marking the highest attendance since 2012. This surge in spectators provided a substantial economic boost to the Phillip Island region, benefiting local businesses such as hotels, restaurants, and retail outlets. - read more
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| ASIC Raises Concerns Over Payday Lenders' Compliance with Consumer Protection Laws Tue, 10 Feb: The Australian Securities and Investments Commission (ASIC) has recently highlighted significant concerns regarding the practices of certain payday lenders. A comprehensive review conducted by ASIC suggests that some providers of small amount credit contracts (SACCs) may be engaging in activities that contravene consumer protection laws. - read more
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| So Money Launches Tailored Lending Solutions for Self-Employed and SMEs Tue, 10 Feb: Non-bank lender So Money is expanding its services to cater to Australia's burgeoning small business sector by introducing new lending solutions specifically designed for self-employed borrowers and small and medium-sized enterprises (SMEs). This strategic move aims to simplify the income verification process and provide more flexible financing options to a traditionally underserved market. - read more
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| Strengthening Agricultural Insurance: Rural Affinity and Munich Re's Renewed Partnership Tue, 10 Feb: Rural Affinity has renewed its partnership with Munich Re Specialty - Global Markets under a new five-year agreement, continuing a collaboration that began in 2006. This renewed alliance aims to support Rural Affinity's efforts to expand its agricultural insurance offerings across Australia and introduce new products leveraging technology and innovation. - read more
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| Australian Mortgage Market Reaches Record $2.41 Trillion Tue, 10 Feb: In November 2025, Australia's mortgage market achieved a new milestone, with the total value of residential mortgages reaching $2.41 trillion. This record-breaking figure reflects a 0.67% increase from the previous month and a 6.36% rise over the past year, as reported by the Australian Prudential Regulation Authority (APRA). - read more
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| Australian Homeowners Embrace Refinancing Amid Rate Cuts Tue, 10 Feb: The Australian mortgage market has witnessed a significant surge in refinancing activity, with nearly 100,000 loans refinanced in the June 2025 quarter. This marks the highest level since September 2023 and reflects homeowners' proactive responses to recent interest rate cuts by the Reserve Bank of Australia (RBA). - read more
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| Major Australian Lenders Tighten Policies on Trust and Company Lending Tue, 10 Feb: In a significant shift within Australia's financial sector, major lenders Macquarie Bank and the Commonwealth Bank of Australia (CBA) have recently implemented stricter policies regarding lending to trusts and companies. These changes reflect a broader trend towards more cautious lending practices in response to regulatory concerns and market dynamics. - read more
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| RBA Reports Significant Surge in Business and Home Lending Tue, 10 Feb: Recent data from the Reserve Bank of Australia (RBA) indicates a notable acceleration in both business and home lending, challenging earlier predictions of a potential slowdown. As of December 2024, business credit growth reached 8.9%, marking the highest rate since May 2023. Similarly, investor housing credit surged to 5.1%, achieving its highest rate since December 2022. - read more
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| Renown Lending Boosts SME Funding Pool to $400 Million Tue, 10 Feb: In a significant move to bolster support for small and medium-sized enterprises (SMEs) across Australia, Renown Lending has announced an expansion of its funding pool from $250 million to $400 million. This substantial increase aims to provide fast and flexible financing solutions to businesses nationwide, addressing the growing demand for accessible funding options. - read more
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| MotorCycle Holdings Expands National Presence with Strategic Acquisition Tue, 10 Feb: MotorCycle Holdings Limited (MCH) has significantly expanded its national footprint by acquiring select dealership and eCommerce assets from the Peter Stevens and Harley-Heaven networks. This strategic move enhances MCH's presence across four Australian states and introduces new product categories to its portfolio. - read more
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| AFCA Mandates Insurer Payout for Engine Overheating Incident Tue, 10 Feb: The Australian Financial Complaints Authority (AFCA) has recently ruled in favour of a truck owner whose insurance claim was initially denied following an engine overheating incident. This decision underscores the complexities surrounding insurance claims related to driver negligence and mechanical failures. - read more
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| AFCA Supports Insurer in Truck Theft Claim Denial Tue, 10 Feb: The Australian Financial Complaints Authority (AFCA) has recently upheld an insurer's decision to deny a truck theft claim, citing misrepresentation of the insured's insurance history. This ruling highlights the critical importance of accurate disclosure when obtaining insurance coverage. - read more
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| AFCA Sides with Freight Company in Dangerous Goods Disclosure Case Tue, 10 Feb: The Australian Financial Complaints Authority (AFCA) has recently ruled in favour of a freight company in a dispute over the disclosure of transporting dangerous goods. This decision provides valuable insights into the obligations of transport companies regarding insurance disclosures. - read more
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| Australian Insurers Falling Behind in Risk Preparedness Tue, 10 Feb: Recent findings from PwC's Insurance Banana Skins Survey highlight a concerning trend: Australian insurers are trailing their global counterparts in risk preparedness. The survey, which gathered insights from 698 insurance executives across 42 territories, indicates that Australian insurers scored 6.6% lower on the Preparedness Index compared to the global average. - read more
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| Australian Commercial Insurance Rates Experience Significant Decline Tue, 10 Feb: According to the latest Global Insurance Market Index by Marsh, commercial insurance rates in the Australia-Pacific region fell by 8% in the fourth quarter of 2024. This marks the most significant decline globally, surpassing reductions in other regions such as the UK (5%) and Asia (3%). - read more
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| Major Financial Reforms Australians Need to Know in 2026 Tue, 10 Feb: As 2026 unfolds, Australians are set to experience significant financial reforms that will impact various aspects of their personal finances. Staying informed about these changes is crucial for effective financial planning and decision-making. - read more
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| Critical Financial Decisions Impacting Australian Households in 2026 Tue, 10 Feb: In 2026, Australian households are poised to face significant financial decisions that will influence their budgets. Understanding these developments is essential for effective financial management. - read more
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| Government Enhances First Home Buyer Scheme with 5% Deposit Option Tue, 10 Feb: In a significant move to support first-time home buyers, the Australian government has expanded its First Home Buyer Scheme, now allowing eligible individuals to purchase properties with as little as a 5% deposit. This expansion, effective from January 2026, removes previous income caps and increases property price limits, broadening access to homeownership across the nation. - read more
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| Affordable Suburbs Gaining Popularity Among First-Home Buyers in 2026 Tue, 10 Feb: As property prices continue to rise across Australia, first-home buyers are increasingly seeking out affordable suburbs that offer a balance of attainable pricing, lifestyle appeal, and growth potential. In 2026, several areas have emerged as popular choices for those entering the property market. - read more
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| Australian Property Prices Set to Reach New Heights in 2026 Tue, 10 Feb: Recent forecasts indicate that Australian property prices are on track to reach unprecedented levels in 2026, presenting significant challenges for first-home buyers striving to enter the market. According to Domain's latest Price Forecast Report, cities like Sydney and Melbourne are expected to lead this surge. - read more
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| 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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| Crusader Caravans and BIG4 Holiday Parks Join Forces to Enhance Caravanning Adventures Sat, 07 Feb: In a significant move for the Australian caravanning community, Crusader Caravans has announced a partnership with BIG4 Holiday Parks, aiming to provide new caravan buyers with exclusive benefits that enhance their travel experiences. - read more
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| MONEYME and Snowy River Caravans Revolutionise Caravan Financing with Instant Approval Sat, 07 Feb: In a groundbreaking development for the Australian caravan industry, digital lender MONEYME has entered into an exclusive 12-month partnership with Snowy River Caravans. This collaboration introduces instant, on-the-spot financing options for customers through MONEYME's secured vehicle loan product, Autopay. - read more
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| Australian Caravan Industry Confronts Turbulent Times as Manufacturers Face Financial Struggles Sat, 07 Feb: The Australian caravan industry is currently navigating a period of significant upheaval, marked by the recent collapse of several manufacturers. Notably, luxury caravan producer Zone RV entered voluntary administration in December 2025, leaving creditors facing debts totaling approximately $40 million. This development has cast a shadow over the sector, raising concerns about the financial stability of caravan manufacturers. - read more
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| NSW Strata Commission Ban: A Catalyst for Industry Reform Sat, 07 Feb: The New South Wales (NSW) government's proposal to ban commissions on strata insurance has ignited a contentious debate between consumer advocacy groups and industry leaders. This reform aims to eliminate potential conflicts of interest and enhance transparency within the strata management sector. - read more
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| Queensland Strata Owners Advised to Leverage New Premium Reduction Programs Sat, 07 Feb: Strata property owners in North and Central Queensland are being encouraged to take advantage of newly introduced federal and state initiatives designed to reduce insurance premiums and enhance cyclone resilience. These programs offer financial incentives for property upgrades that can lead to significant savings on insurance costs. - read more
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| Australian Insurers Struggle to Keep Pace with Emerging Risks Sat, 07 Feb: Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are trailing their global counterparts in risk preparedness. The survey, which gathered insights from 698 insurance executives across 42 territories, indicates that Australian insurers scored 6.6% lower on the Preparedness Index compared to the global average. This gap is particularly concerning as the industry faces escalating challenges from cyber threats and the rapid advancement of artificial intelligence (AI). - read more
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| Significant Increases in Australian Home Insurance Premiums Sat, 07 Feb: Australian homeowners are experiencing substantial increases in home insurance premiums, with the average premium rising by 16% over the past year. Consumer advocacy group Choice reports that some insurers, including Kogan, RAC, and Honey, have raised their rates by more than 30%. These hikes are attributed to various factors, including high supply chain inflation, increased claims costs, and higher reinsurance expenses due to severe weather events. - read more
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| The Vital Role of Reinsurance in Australia's Insurance Industry Sat, 07 Feb: Reinsurance serves as a critical component in the Australian insurance landscape, offering capital relief and stabilising returns for insurers amidst escalating natural disaster claims. A recent report by the Actuaries Institute underscores the indispensable role of reinsurance in maintaining the industry's financial health. - read more
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| AUSactive and Private Healthcare Australia Join Forces to Enhance Preventive Health Coverage Sat, 07 Feb: In a significant move towards integrating preventive health services into private health insurance, AUSactive has partnered with Private Healthcare Australia (PHA) to reform coverage options. This collaboration follows recent legislative changes reinstating rebates for select natural therapies, including Pilates, Yoga, and Tai Chi, when delivered by accredited professionals. - read more
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| AIA Australia's New Portal Revolutionises Insurance Claims Processing Sat, 07 Feb: AIA Australia has unveiled its Member Insurance Portal, a digital platform designed to streamline the insurance claims process and enhance the overall user experience. This initiative reflects AIA's commitment to leveraging technology to meet the evolving needs of policyholders. - read more
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| AFIA Introduces Revised Code to Elevate Insurance Premium Funding Standards Sat, 07 Feb: The Australian Finance Industry Association (AFIA) has released the second edition of its Insurance Premium Funding (IPF) Code of Practice, introducing updated requirements for providers and reinforcing industry-wide standards. This revision reflects the industry's commitment to enhancing governance and transparency, particularly as businesses and individuals navigate economic challenges. - read more
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| ASIC Intensifies Scrutiny on Insurance Pricing and Complaints Handling Fri, 06 Feb: The Australian Securities and Investments Commission (ASIC) has unveiled its enforcement priorities for the upcoming year, placing a significant emphasis on the insurance sector. The regulator aims to address concerns related to misleading pricing practices, claims handling, and complaints processes within the industry. - read more
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| Australian Insurers Brace for Earnings Decline After Record Profits Fri, 06 Feb: Australian insurers are preparing for a potential decline in earnings following a decade-high return on equity (ROE) of 19% in the 2024-25 financial year. This peak performance was driven by strong underwriting results, high investment returns, and a period of relatively low natural disaster claims. - read more
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| Australian Cyber Insurance Market Reports $17 Million Underwriting Gain Fri, 06 Feb: The Australian cyber insurance market has reported a $17 million underwriting gain in the September quarter, indicating a steady demand for cyber risk coverage. Gross written premium for this sector increased to $53 million, up from $39 million in the same period last year, reflecting the growing recognition of cyber threats among businesses. - read more
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| BIA's New Combined Indemnity and Liability Insurance: What Fitness Professionals Need to Know Fri, 06 Feb: Berkley Insurance Australia (BIA) has recently unveiled a combined professional indemnity (PI) and public liability (PL) insurance product, set to be available through the Steadfast Client Trading Platform (SCTP) starting June 1. This strategic move aims to streamline risk management solutions for intermediaries, offering a more cohesive approach to coverage. - read more
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| Rising Insurance Costs: What Fitness Professionals Need to Know Fri, 06 Feb: The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, highlighting a significant increase in premiums and claims costs for public liability and professional indemnity insurance. This trend has substantial implications for fitness professionals across Australia. - read more
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| Proposed Civil Liability Reforms: Implications for Fitness Professionals Fri, 06 Feb: The Insurance Council of Australia (ICA) has recently released a white paper advocating for comprehensive reforms to state and territory civil liability laws. This initiative aims to address the escalating public liability insurance premiums that have been impacting various sectors, including the fitness industry. - read more
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| APRA Implements New Cap on High Debt-to-Income Home Loans Fri, 06 Feb: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with an exemption for new housing developments. - read more
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| RBA's October 2025 Financial Stability Review: Key Insights Fri, 06 Feb: The Reserve Bank of Australia (RBA) has released its October 2025 Financial Stability Review, providing a comprehensive assessment of the nation's financial system amidst a backdrop of global uncertainties. The report underscores that while Australia's financial institutions remain robust, external factors pose significant risks that warrant vigilant monitoring. - read more
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| Decline in Personal Insolvencies: A Positive Sign for Australia's Economy Fri, 06 Feb: The Australian Financial Security Authority (AFSA) has reported a notable decrease in personal insolvencies for October 2025, signaling a positive trend in the financial health of Australians. A total of 1,116 new personal insolvencies were recorded, down from 1,169 in September 2025 and higher than 1,009 in October 2024. - read more
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| ASIC's Review Highlights Concerns in Car Finance Practices Fri, 06 Feb: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and lending practices. - read more
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| Commonwealth Bank's AI Assistant Revolutionizes Car Market Price Discovery Fri, 06 Feb: The Commonwealth Bank of Australia (CBA) has unveiled a pioneering artificial intelligence (AI) assistant designed to enhance price discovery and transparency in the Australian car market. This innovative tool aims to empower consumers by providing detailed insights into vehicle pricing, a resource previously accessible primarily to car dealers. - read more
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| Australia's Electric and Hybrid Vehicle Financing Soars in 2024 Fri, 06 Feb: Australia is witnessing a significant shift towards sustainable transportation, as evidenced by a remarkable surge in financing for electric and hybrid vehicles. In 2024, the Australian Finance Industry Association (AFIA) reported that over $6.17 billion was allocated to finance 104,835 electric and hybrid vehicles, marking a 50% increase from the previous year. - read more
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| Healthscope's Contract Terminations: Implications for Millions of Australians Fri, 06 Feb: Healthscope, Australia's second-largest private hospital operator, has announced the termination of its agreements with major health insurers Bupa and the Australian Health Services Alliance (AHSA). This decision is set to affect approximately 6.6 million Australians, potentially leading to increased out-of-pocket expenses for those seeking treatment at Healthscope's 38 hospitals nationwide. - read more
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| Government Directs Health Insurers to Increase Private Hospital Funding Fri, 06 Feb: The Australian government has issued a directive to health insurers, requiring them to allocate a greater portion of their increased premiums to private hospitals. This move aims to enhance patient care and support the financial stability of private healthcare facilities. - read more
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| AMA Report Card Reveals Erosion of Value in Private Health Insurance Fri, 06 Feb: The Australian Medical Association (AMA) has released its latest Private Health Insurance Report Card, indicating a concerning trend where Australians are paying higher premiums for private health insurance while receiving diminished value in return. - read more
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| Allianz Australia and AWP Australia Penalised for Misleading Practices Fri, 06 Feb: In a significant regulatory action, Allianz Australia and its subsidiary, AWP Australia, have been fined $16.8 million for making false and misleading statements to consumers. This penalty underscores the critical need for transparency and honesty within the insurance industry. - read more
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| Rising Insurance Premiums Challenge Northern Australian Homeowners Fri, 06 Feb: Homeowners in Northern Australia are grappling with substantial increases in insurance premiums, despite the establishment of a cyclone reinsurance pool intended to alleviate such financial burdens. This situation raises critical questions about the pool's effectiveness and the broader challenges facing the insurance industry in high-risk regions. - read more
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| Record Profits for Australian Insurers Amid Premium Increases Fri, 06 Feb: Australia's insurance industry has reported an after-tax profit of $6.1 billion for the year 2024, a figure that is three times higher than the five-year average of $2 billion. This substantial increase in profitability coincides with significant hikes in insurance premiums across various sectors. - read more
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| Escalating Construction Costs Impact Insurance Claims and Repair Timelines Fri, 06 Feb: The Australian construction industry is currently grappling with significant cost escalations, which are having a direct impact on insurance claims and repair timelines. According to a recent report by Crawford & Company, various factors are contributing to this trend, including rising material prices, labour shortages, and an increase in builder insolvencies. - read more
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| IAG Partners with Codafication to Streamline Property Claims Management Fri, 06 Feb: Insurance Australia Group (IAG), a leading insurer in Australia, has announced a strategic partnership with Brisbane-based insurtech company Codafication to enhance its property claims management process. This collaboration introduces the Crunchwork platform, designed to automate workflows and provide real-time updates to all parties involved in the claims process. - read more
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| Assetinsure Warns of Potential Impacts from Victoria's Building Insurance Reforms Fri, 06 Feb: Assetinsure, a prominent insurer in the Australian market, has expressed significant concerns regarding the Victorian Government's proposed Building Legislation Amendment (Buyer Protections) Bill 2025. The insurer warns that the reforms could result in higher insurance premiums and increased bureaucratic processes within the construction industry. - read more
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| Australian Mortgage Demand Surges Amidst Refinancing Boom Thu, 05 Feb: In July 2025, Australia witnessed a significant uptick in mortgage demand, marking a 6.4% increase compared to the same month in 2024. This surge is primarily driven by a notable rise in refinancing activities, which accounted for 36.2% of total mortgage enquiries during the period. - read more
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| Australian Business Lending Sees Robust Growth in June 2025 Thu, 05 Feb: In June 2025, Australia's non-financial business lending reached a record $1.14 trillion, reflecting a 9.2% increase compared to the same month in 2024. This growth rate nearly doubles that of housing credit, which expanded by 5.6% year-on-year, highlighting a renewed appetite for corporate borrowing. - read more
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| Australia's Mobile Wallet Payments Exceed $160 Billion in 2025 Thu, 05 Feb: In the year leading up to July 2025, Australians conducted over $160 billion in mobile wallet payments, marking a substantial shift towards digital banking. The Australian Banking Association's (ABA) 2025 'Bank on It' report reveals that the number of mobile wallet transactions surpassed four billion, outnumbering ATM withdrawals by more than eleven times. - read more
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| Australian Banks Tighten Trust Lending Policies in Response to Regulatory Oversight Thu, 05 Feb: In a significant shift within Australia's financial sector, major lenders Macquarie Bank and the Commonwealth Bank of Australia (CBA) have recently implemented stricter policies regarding lending to trusts and companies. These changes are indicative of a broader industry response to regulatory concerns about systemic risks in housing finance. - read more
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| Japanese Banks Drive Significant Growth in Australian Business Lending Thu, 05 Feb: Australia's business lending landscape has experienced remarkable growth, with the top 10 authorised deposit-taking institutions (ADIs) reaching a combined loan book of $925 billion as of July 2025. Notably, Japanese banking giants Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Financial Group (MUFG) have emerged as key contributors to this expansion. - read more
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| Steady Financial Performance of Australian Major Banks in FY25 Amidst Economic Uncertainty Thu, 05 Feb: Australia's major banks have demonstrated resilience in the face of economic uncertainty, reporting a combined profit after tax of $29.8 billion for the fiscal year 2025. This figure represents a marginal decrease of 0.5% compared to the previous year, indicating stability in the banking sector. - read more
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| Record-Breaking Occupancy Rates for Australian Caravan Holiday Parks Thu, 05 Feb: Australian caravan holiday parks have reported record-high occupancy rates in December 2025, underscoring the growing appeal of caravanning among Australians. This surge is attributed to successful promotional campaigns and an increasing desire for domestic travel experiences. - read more
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| Australian Used Car Market Ends 2025 on a Softer Note Thu, 05 Feb: The Australian Automotive Dealer Association (AADA), in collaboration with AutoGrab, has released the December 2025 Automotive Insights Report (AIR), revealing a significant downturn in the used car market as the year concluded. - read more
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| Plug-In Hybrid Vehicles Gain Momentum as Petrol Car Sales Decline in Australia Thu, 05 Feb: The Australian automotive market is witnessing a significant shift in consumer preferences, with plug-in hybrid vehicles (PHEVs) experiencing a remarkable surge in sales, while traditional petrol vehicle sales continue to decline. - read more
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| Marinex Underwriting Sets Sail in Australia's Marine Insurance Market Thu, 05 Feb: Australia's marine insurance landscape has welcomed a new player with the launch of Marinex Underwriting. This agency, backed by global specialty insurance distributor Amwins, is poised to offer tailored solutions to the complex needs of the Australian marine industry. - read more
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| Australian Marine Industry Surges to $229 Billion Economic Output Thu, 05 Feb: The Australian marine industry has achieved a remarkable economic milestone, reaching an output of $229 billion in 2023. This represents a 19% increase compared to two years prior, as reported by the Australian Institute of Marine Science (AIMS). The surge is primarily attributed to the resurgence of domestic tourism and the expansion of the natural gas sector. - read more
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| Yamaha Maintains Leadership in Australian Marine Market Amidst Sea-Doo's Resurgence Thu, 05 Feb: Yamaha has successfully retained its position as Australia's most-searched marine brand heading into the 2025 summer season, capturing 8.4% of search share in the third quarter. This performance, as reported by Retain Media's Q3 2025 Marine Market Brand Consideration Report, reflects a modest 7.6% quarterly decline but remains consistent with its 8.3% result from Q4 2024. - read more
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| Australian Banks Raise Fixed Home Loan Rates in Anticipation of RBA Decision Wed, 04 Feb: In the lead-up to the Reserve Bank of Australia's (RBA) first monetary policy meeting of 2026, major Australian banks have proactively increased their fixed home loan interest rates. This preemptive move reflects expectations of a potential cash rate hike by the RBA, aiming to curb persistent inflationary pressures. - read more
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| APRA Imposes New Cap on High Debt-to-Income Home Loans Wed, 04 Feb: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at enhancing financial stability within the housing market. Effective February 1, 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting banks to issuing no more than 20% of new home loans with DTI ratios of six times or higher. - read more
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| Australian Mortgage Market Reaches Record High Amidst Surging Property Prices Wed, 04 Feb: In November 2025, Australia's mortgage market achieved a new milestone, with the total value of residential mortgages reaching $2.41 trillion. This record-breaking figure reflects a 0.67% increase from the previous month and a 6.36% rise over the past year, as reported by the Australian Prudential Regulation Authority (APRA). - read more
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| BIA's 'Go Boating SA' Initiative Aims to Boost Safe Boating Practices Wed, 04 Feb: The Boating Industry Association (BIA) has recently unveiled the 'Go Boating SA' campaign, a strategic initiative designed to promote safe and enjoyable boating experiences across South Australia. This campaign underscores the BIA's commitment to enhancing the state's marine industry and fostering community engagement. - read more
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| Sydney Boat Show 2026: Bigger and Better at Sydney Olympic Park Wed, 04 Feb: The Sydney Boat Show is set to make a grand return in 2026, with plans to expand its exhibition at Sydney Olympic Park from July 30 to August 2. This development marks a significant evolution for the event, aiming to provide an enhanced experience for boating enthusiasts and industry professionals alike. - read more
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| BIA and AFTA Unite to Bolster Australia's Boating and Fishing Industries Wed, 04 Feb: In a significant move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalised an agreement to collaborate more closely. This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation. - read more
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| Australian Motorcycle Market Sees Modest Decline in 2025 Wed, 04 Feb: The Australian motorcycle market experienced a slight 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 ongoing economic pressures on discretionary spending. - read more
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| KTM AG Secures €600 Million to Fulfill Debt Obligations Wed, 04 Feb: In a pivotal development for the motorcycle industry, KTM AG has successfully secured €600 million in funding to address its debt obligations, marking a significant milestone in the company's ongoing financial restructuring efforts. This funding ensures KTM's ability to continue operations and reinforces its position in the global motorcycle market. - read more
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| Stark Future Achieves 77% Revenue Growth and Profitability in 2025 Wed, 04 Feb: Stark Future, the Barcelona-based electric motorcycle manufacturer, has reported a remarkable 77% year-on-year revenue growth, achieving €115 million in revenue for the 2025 financial year. This significant increase underscores the growing demand for electric motorcycles and Stark Future's expanding market presence. - read more
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| TAL's Health Sense Plus Now Covers Income Protection Policies Wed, 04 Feb: 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
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| Surge in Mental Health Claims Puts Pressure on Australia's Insurance Industry Wed, 04 Feb: Australia's insurance sector is facing unprecedented challenges as mental health conditions have become the leading cause of total and permanent disability (TPD) claims. Recent data from the Council of Australian Life Insurers (CALI) reveals that mental health issues now account for nearly one-third of all TPD claims paid out. - read more
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| Rest Super Faces Class Action Over Alleged Wrongful Deduction of Income Protection Premiums Wed, 04 Feb: Shine Lawyers has initiated class action proceedings in the Federal Court against Rest Superannuation, alleging that the fund wrongfully deducted income protection premiums from members' accounts between December 2008 and June 2019. The lawsuit claims that up to 500,000 Rest members may have been affected by these deductions. - read more
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| Marine Skippers Insurance Expands to International Waters Wed, 04 Feb: Marine Skippers Insurance has recently unveiled a new international coverage plan tailored for captains navigating vessels to and from Australia. This development is particularly timely, coinciding with preparations for the upcoming Sydney to Hobart yacht race. - read more
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| NM Insurance and Zurich Forge Long-Term Partnership Wed, 04 Feb: NM Insurance has solidified its position in the marine insurance sector by entering into a five-year agreement with capacity provider Zurich. This strategic partnership is set to bolster NM Insurance's growth trajectory and instill greater confidence among brokers. - read more
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| Quay Marine Insurance and XL Insurance Join Forces Wed, 04 Feb: Quay Marine Insurance has announced a strategic partnership with XL Insurance, a subsidiary of Axa XL, to provide enhanced coverage for various marine insurance products. This collaboration marks a significant step in offering expanded capacity and risk solutions to clients. - read more
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| IAG CEO Predicts Ongoing Insurance Premium Rises Amid Easing Inflation Wed, 04 Feb: Australians should brace for continued increases in insurance premiums, albeit at a moderated pace, according to Nick Hawkins, CEO of Insurance Australia Group (IAG). The company recently reported a significant 91% rise in net profit for the first half of the fiscal year ending December 31, 2024, reaching $778 million. This surge is largely attributed to favourable weather conditions and a reduction in claims. ([abc.net.au](https://www.abc.net.au/news/2025-02-14/iag-ceo-nick-hawkins-warns-of-further-premium-increases/104931074?utm_source=openai)) - read more
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| Climate Change's Impact on Rising Home Insurance Premiums in Australia Wed, 04 Feb: Insurance Australia Group (IAG), a leading insurer in Australia, has highlighted the significant role of climate change in driving up home insurance premiums. The company reports that the increasing frequency and severity of weather events are major factors contributing to these rising costs. ([abc.net.au](https://www.abc.net.au/news/2025-11-04/climate-change-plays-role-in-growing-home-insurance-iag-warns/105964560?utm_source=openai)) - read more
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| Australian Insurers Integrate AI Innovations to Transform Services Wed, 04 Feb: Insurance companies across Australia and New Zealand are increasingly investing in artificial intelligence (AI) technologies to drive digital transformation and enhance service delivery. This strategic shift aims to improve efficiency, customer interactions, and risk management practices. ([newshub.medianet.com.au](https://newshub.medianet.com.au/2025/01/insurers-embrace-ai-innovations-in-australia-new-zealand/84215/?utm_source=openai)) - read more
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| Australian Insurers Achieve Record Profits Amid Rising Premiums Wed, 04 Feb: In 2024, Australia's insurance industry reported an after-tax profit of $6.1 billion, a figure that is three times higher than the five-year average of $2 billion. This substantial increase is attributed to significant premium hikes and a relatively benign year for natural disasters. - read more
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| Calls for Greater Transparency as Insurance Premiums Soar Wed, 04 Feb: Australian homeowners are facing significant increases in insurance premiums, with some reporting hikes of up to 600% over the past year. This trend has prompted consumer advocacy groups to call for greater transparency from insurers regarding the factors driving these substantial increases. - read more
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| Rising Insurance Costs in NT Challenge Cyclone Reinsurance Efforts Wed, 04 Feb: Homeowners in the Northern Territory are experiencing significant increases in insurance premiums, despite the federal government's establishment of a cyclone reinsurance pool in 2022 aimed at reducing costs in cyclone-prone areas. - read more
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| Australian Food Super Implements Age-Based Insurance Premium Structure Tue, 03 Feb: Australian Food Super has announced a transition to age-based pricing for its insurance offerings, a move that will see premium costs vary according to members' age brackets. Effective November 1, 2025, this change aims to align insurance costs more closely with the risk profiles associated with different age groups. - read more
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| Australian Life and Income Protection Insurance Premiums Experience Notable Decline Tue, 03 Feb: Recent research from Rainmaker Information indicates a significant decrease in life and income protection insurance premiums across Australia. Direct life premiums have fallen by 7% since 2024, while direct income protection premiums have seen reductions of 12% and 13% for policies with 30-day and 90-day waiting periods, respectively. - read more
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| Global Insurtech Funding Sees Significant Decline Amid AI Surge Tue, 03 Feb: The global insurtech sector experienced a notable downturn in funding during the fourth quarter of 2024, with total investments halving to $US688.24 million compared to the previous quarter. This decline marks the lowest annual funding level since 2018, according to data from Gallagher Re. - read more
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| Australian Insurance Industry Set for Significant Growth Amid Rising Natural Disasters Tue, 03 Feb: The Australian general insurance industry is on a trajectory for substantial growth, with direct written premiums (DWP) projected to exceed $144 billion by 2029. This forecast, provided by data and analytics firm GlobalData, reflects a compound annual growth rate (CAGR) driven by increasing demand for coverage in response to the rising frequency of natural disasters. - read more
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| ASIC Calls for Urgent Improvements in Insurers' Complaints Handling Processes Tue, 03 Feb: The Australian Securities and Investments Commission (ASIC) has identified significant deficiencies in the complaints handling processes of several insurers, prompting calls for immediate improvements. A recent review revealed that insurers failed to recognize one in six customer complaints, neglected to identify systemic issues, and frequently missed communication deadlines. - read more
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| ASIC Identifies Major Gaps in Insurers' Complaint Handling Processes Tue, 03 Feb: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of insurers' complaint handling processes, uncovering significant deficiencies that require immediate attention. The findings indicate that insurers are failing to meet their regulatory obligations, leading to potential customer dissatisfaction and trust issues within the industry. - read more
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| First-Home Buyers Navigate Record-Low Affordability to Achieve Homeownership Tue, 03 Feb: Australia's housing affordability has reached unprecedented lows, with typical first-home buying households able to afford only 17% of properties sold last year. This stark reality is primarily due to the surge in mortgage rates between 2022 and 2023, which has significantly impacted purchasing power. - read more
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| Surge in First-Home Buyer Guarantees Reflects Growing Demand Tue, 03 Feb: In October 2025, the Australian housing market witnessed a significant uptick in first-home buyer activity, with 5,778 guarantees issued under the expanded 5% Deposit Scheme. This marks a 48% increase compared to the same period in the previous year, indicating a robust response to the government's initiative aimed at facilitating homeownership for first-time buyers. - read more
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| New Builds Gain Popularity Among First-Home Buyers Facing Market Pressures Tue, 03 Feb: In response to recent interest rate cuts and escalating property prices, Australian first-home buyers are increasingly turning to new builds as a viable pathway to homeownership. The Reserve Bank's decision to lower the cash rate to 3.85%—the lowest in over two years—has enhanced borrowing capacity, yet it has also intensified competition in the housing market. - read more
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| BlackRock's iShares S&P/ASX 20 ETF Tops 2026 Rankings Mon, 02 Feb: Investors seeking exposure to Australia's leading companies have a standout option in 2026. BlackRock's iShares S&P/ASX 20 ETF has been recognised as the Best Australian Shares Exchange Traded Fund (ETF) by Money magazine's 2026 Best of the Best awards. - read more
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| 2026 Property Market Outlook: States Set for Significant Growth Mon, 02 Feb: As Australia enters 2026, the property market continues to exhibit resilience, with certain states poised for notable growth. Recent research from property analytics firm Cotality indicates that 87% of surveyed real estate and finance professionals anticipate home prices to rise over the year, with nearly half expecting growth exceeding 5%. - read more
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| Navigating Australia's Financial Reforms in 2026 Mon, 02 Feb: As 2026 unfolds, Australians are set to experience several significant financial reforms that will impact various aspects of their personal and business finances. Staying informed about these changes is crucial for effective financial planning and decision-making. - read more
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| KTM AG Secures Major Funding to Finalize Restructuring Plan Mon, 02 Feb: Austrian motorcycle manufacturer KTM AG has successfully secured €600 million in funding, enabling the company to fulfill its debt obligations and complete its restructuring plan. This development is particularly significant for Australian riders and dealers who rely on KTM's presence in the market. - read more
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| WFI Insurance and Rural Aid Join Forces to Assist Farmers in Crisis Mon, 02 Feb: In a significant move to bolster support for Australia's agricultural sector, WFI Insurance has announced a formal partnership with Rural Aid, a leading rural relief charity. This collaboration is set to provide much-needed assistance to farmers and rural communities affected by recent natural disasters, including the devastating bushfires in Victoria and severe weather events in Queensland. - read more
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| Elders Insurance Warns Farmers of Escalating Summer Storm Threats Mon, 02 Feb: As the Australian summer approaches, Elders Insurance is calling on farmers to brace for an anticipated increase in storm-related damages. Recent claims data reveals a concerning trend, with summer months accounting for nearly half of all storm-related farm insurance property claims over the past two years. - read more
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| APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know Mon, 02 Feb: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will implement a cap on high debt-to-income (DTI) home loans, limiting banks to issuing no more than 20% of new home loans with DTI ratios of six times or higher. This measure applies to both owner-occupier and investor loans, excluding new housing developments. - read more
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| Japanese Banks SMBC and MUFG Drive Growth in Australian Business Lending Mon, 02 Feb: In a notable shift within Australia's financial sector, Japanese banking giants Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Financial Group (MUFG) have emerged as key drivers of growth in business lending. As of July 2025, business lending volumes across Australia's top 10 authorized deposit-taking institutions (ADIs) reached A$925 billion, with SMBC and MUFG leading the expansion. - read more
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| LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year Mon, 02 Feb: Loan Market Group's (LMG) Asset Finance Exchange (AFX) has achieved a significant milestone, reporting approximately $80 million in settlements within its inaugural year. This accomplishment underscores the increasing demand for asset finance solutions among Australian small and medium-sized enterprises (SMEs). Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check! - read more
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| MitchCap and BIA Collaborate to Boost Financial Literacy in Marine Industry Mon, 02 Feb: The Boating Industry Association (BIA) and MitchCap have announced a strategic partnership to launch a three-year Industry Financial Skills and Awareness Program aimed at enhancing financial literacy within Australia's marine sector. This initiative is set to provide BIA members nationwide with valuable knowledge, data analytics, and commercial resources to bolster their financial acumen. - read more
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| BIA and AFTA Forge Partnership to Strengthen Boating and Fishing Sectors Mon, 02 Feb: In a significant move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalized an agreement to collaborate more closely. This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation. - read more
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| Westpac's Bold Move to Strengthen Business Lending Mon, 02 Feb: In a significant strategic shift, Westpac Banking Corporation is intensifying its focus on business lending by restructuring its branch operations and investing heavily in digital platforms. This move aims to enhance support for small and medium-sized enterprises (SMEs) across Australia. - read more
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| AFCA Cautions SMEs on Unregulated Lending Practices Mon, 02 Feb: The Australian Financial Complaints Authority (AFCA) has issued a cautionary advisory to small businesses regarding the potential risks associated with engaging lenders who are not members of AFCA. This warning comes in response to a noticeable increase in complaints from SMEs about lenders operating outside the regulatory framework. - read more
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| SMEs Seek Financing Solutions Ahead of ATO Debt Rule Changes Mon, 02 Feb: Australian small and medium-sized enterprises (SMEs) are proactively seeking financing solutions in response to impending changes in Australian Taxation Office (ATO) debt regulations. Effective July 1, general interest charges (GIC) and shortfall interest charges (SIC) on tax debts will no longer be tax-deductible, prompting a significant uptick in loan inquiries from businesses aiming to manage their tax obligations efficiently. - read more
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| Australian Banks Predict Interest Rate Increases in 2026 Mon, 02 Feb: As Australians continue to navigate the complexities of the financial landscape, recent forecasts from the nation's major banks have sparked concerns about potential interest rate hikes in 2026. This development could have significant implications for household budgets and overall financial planning. - read more
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| Australian Share Market Experiences Significant Decline Mon, 02 Feb: In a recent development that has sent ripples through the financial community, the Australian share market experienced a substantial decline, erasing nearly $60 billion in value. This downturn has left investors grappling with widespread losses and seeking to understand the underlying causes. - read more
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| Monadelphous Achieves Significant Profit Growth Amidst Construction Surge Mon, 02 Feb: Monadelphous, a prominent Australian engineering group, has reported a substantial 34.6% increase in profit for the 2025 financial year. This impressive growth is largely attributed to robust construction activity and heightened demand within the energy sector. - read more
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| Australian Property Prices Set to Reach New Highs in 2026 Mon, 02 Feb: As we move into 2026, the Australian property market is poised for further growth, with analysts forecasting that median house prices will surpass $1 million nationally. This projection signals ongoing challenges for first-time home buyers aiming to enter the market. - read more
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| Adelaide's Property Market Set for Significant Growth in 2026 Mon, 02 Feb: Adelaide's property market is on track to experience substantial growth in 2026, with forecasts indicating that median house prices could rise by up to 18%. This anticipated surge positions Adelaide as a standout performer in the national real estate landscape. - read more
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| AFCA Observes Significant Increase in General Insurance Complaints Sun, 01 Feb: The Australian Financial Complaints Authority (AFCA) has reported a 17% increase in general insurance complaints for the year ending June 30, 2025, totalling 34,231 cases. This uptick is primarily attributed to issues surrounding add-on covers and delays in motor vehicle insurance claims. - read more
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| APRA's Findings: Stability in PI Claims and Decreasing Premiums Sun, 01 Feb: The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database, providing valuable insights into the professional indemnity (PI) insurance sector for the 2022 underwriting year. The data indicates that PI claims payments for non-facility business remained relatively stable at $1.111 billion, a slight increase from $1.109 billion in the previous year. - read more
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| Upcover's New Insurance Solutions for Australian Nurses Sun, 01 Feb: Sydney-based insurtech company Upcover has unveiled a new professional indemnity and public liability insurance product tailored specifically for nurses across Australia. This initiative aims to provide comprehensive coverage that meets the unique needs of nursing professionals, including nurse practitioners, in-patient nurses, doulas, and nursing students. - read more
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| Rising Strata Insurance Costs in the Northern Territory Sun, 01 Feb: Homeowners in the Northern Territory are experiencing significant increases in strata insurance premiums, despite the federal government's cyclone reinsurance pool, established in 2022 to mitigate such costs. This development raises concerns about the effectiveness of the pool and the broader implications for property owners in cyclone-prone regions. - read more
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| Insurance Capacity Constraints Impacting High-End Strata Properties Sun, 01 Feb: High-end strata properties in Australia are 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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| Strata Industry Advances Towards Phasing Out Insurance Commissions Sun, 01 Feb: The strata management sector in Australia is witnessing a significant shift towards eliminating insurance commissions, a move aimed at enhancing transparency and building trust between strata managers and property owners. This reform is gaining traction, with New South Wales leading the initiative. - read more
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