| Surge in Mental Health Claims Reshapes Australia's Life Insurance Landscape Mon, 26 Jan: Australia's life insurance sector is witnessing a significant transformation, with mental health conditions emerging as the predominant cause of Total and Permanent Disability (TPD) claims. Recent data from the Council of Australian Life Insurers (CALI) indicates that mental health-related TPD claims now constitute nearly one-third of all such claims, highlighting a profound shift in the factors leading Australians to exit the workforce permanently. - read more
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| Australian Life Insurers Report Significant Profit Growth in FY25 Mon, 26 Jan: The Australian life insurance industry has reported a remarkable financial turnaround in the fiscal year 2025, with earnings more than doubling to $360 million, according to the latest figures from the Australian Prudential Regulation Authority (APRA). This 210% increase in profit after income tax marks a significant recovery from previous years' losses and underscores the sector's resilience and adaptability. - read more
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| Australia's General Insurance Industry Achieves Record $6.1 Billion Profit in 2024 Mon, 26 Jan: Australia's general insurance sector has reported an unprecedented after-tax profit of $6.1 billion for the year 2024, according to KPMG's General Insurance Insights report. This figure is three times higher than the five-year average of $2 billion, marking a significant milestone in the industry's financial performance. - read more
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| Australian Insurers' $6.1 Billion Profit Sparks Affordability Concerns Mon, 26 Jan: In 2024, Australia's insurance industry reported an after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge in profitability is attributed to substantial premium hikes and a year with fewer severe weather events. - read more
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| Rising Insurance Premiums Prompt Calls for Industry Reform Mon, 26 Jan: Recent data indicates a significant rise in insurance premiums across Australia, with home insurance premiums increasing by 16% on average over the past year. Some insurers, such as Kogan, RAC, and Honey, have raised rates by over 30%, leading to growing concerns about affordability for consumers. - read more
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| Rising Insurance Premiums in Northern Australia Challenge Reinsurance Efforts Mon, 26 Jan: Homeowners in Northern Australia are facing increasing insurance premiums, despite the federal government's implementation of a cyclone reinsurance pool in 2022, designed to lower costs in high-risk areas. - read more
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| Australian Insurance Premiums Set to Soar Amid Rising Demand Mon, 26 Jan: The Australian general insurance industry is on a trajectory of significant growth, with direct written premiums projected to surpass $144 billion by 2029. This forecast reflects a compound annual growth rate of approximately 4.7% from the $94.7 billion recorded in the previous year. - read more
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| Comprehensive Professional Indemnity Insurance Now Available for Australian Tradies Mon, 26 Jan: Hutch Underwriting has recently unveiled enhanced professional indemnity (PI) insurance policies specifically designed for Australian tradespeople. These new offerings aim to provide comprehensive coverage by integrating advice, design, and incidental cyber exposures into a single solution. - read more
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| Rising Construction Costs Impact Insurance Claims in Australia Mon, 26 Jan: The Australian construction industry is currently facing significant challenges, including escalating material costs and a shortage of skilled labour. These issues are contributing to increased insurance claims costs, affecting tradespeople and insurers alike. - read more
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| Australian Housing Market Poised for 5% Growth in 2026 Mon, 26 Jan: Australia's residential property market is projected to experience a 5% increase in house prices over the next 12 months. This follows an 8.6% rise in 2025, marking the strongest annual growth since 2021. The anticipated growth is primarily driven by demand outstripping supply, a trend observed across all states and territories. - read more
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| APRA Introduces Caps on High Debt-to-Income Home Loans Mon, 26 Jan: The Australian Prudential Regulation Authority (APRA) has announced new measures to cap high debt-to-income (DTI) home loans, effective from February 2026. This decision aims to curb potential risks in the housing market by limiting the proportion of new home loans that exceed a DTI ratio of six times the borrower's income. - read more
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| NAB Raises Fixed Home Loan Rates in Anticipation of RBA's February Decision Mon, 26 Jan: In a move that signals potential shifts in the Australian mortgage landscape, the National Australia Bank (NAB) has announced an increase in its fixed home loan rates by up to 0.40 percentage points. This adjustment comes as the banking sector braces for a possible cash rate hike by the Reserve Bank of Australia (RBA) in February 2026. - read more
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| ANZ Implements Stricter Home Loan Policies for Company Borrowers Sun, 25 Jan: In a significant policy shift, ANZ Bank has tightened its mortgage lending criteria for company borrowers, effective from 8 January 2026. This move reflects a broader trend among major Australian lenders to recalibrate risk appetites and credit standards in response to evolving economic conditions. - read more
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| Non-Bank Lenders Intensify Legal Actions as Major Banks Scale Back Sun, 25 Jan: Recent data reveals a notable increase in court enforcement actions by non-bank lenders, coinciding with a reduction in such activities by major banks. This trend signifies a shift in creditor behavior within Australia's financial sector, with non-bank institutions adopting more assertive measures to recover debts. - read more
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| Westpac NZ Launches Special Debt Consolidation Loan to Alleviate Post-Holiday Financial Strain Sun, 25 Jan: In response to concerns about post-holiday financial stress, Westpac New Zealand has introduced a special debt consolidation personal loan with an interest rate of 11.95% per annum. This initiative aims to assist customers in managing debts accrued during the festive season and to alleviate associated financial pressures. - read more
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| APRA's New Lending Cap: What Homebuyers Need to Know Sun, 25 Jan: 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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| ASIC's Findings on Private Lending Practices Sun, 25 Jan: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the private lending sector, uncovering several areas of concern. The investigation revealed inconsistent and unclear reporting, downplayed risks, opaque fee structures, conflicts of interest, and poor valuation practices within the industry. - read more
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| Significant Reduction in Farm Liability Claims Reflects Enhanced Safety Practices Sun, 25 Jan: Recent data from WFI Insurance indicates a substantial 75% decrease in farm liability claims over the past year, suggesting that Australian farmers are adopting more effective safety measures. This decline is particularly notable in incidents involving falls from height, which have reached their lowest level in four years. - read more
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| Enhanced Access to Home Ownership: Expansion of 5% Deposit Scheme Sun, 25 Jan: The Australian Finance Industry Association (AFIA) has welcomed Housing Australia's recent decision to expand lender access to the Australian Government's 5% Deposit Scheme. This strategic move is set to increase competition among lenders and provide prospective home buyers with greater access and choice in the housing finance market. - read more
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| National AI Plan: A Catalyst for Australia's Finance Industry Sun, 25 Jan: The Australian Finance Industry Association (AFIA) has expressed strong support for the Albanese Government's recently unveiled National AI Plan, viewing it as a significant step toward unlocking the vast economic and productivity benefits that artificial intelligence (AI) can offer to Australia's finance sector. This strategic initiative is poised to position the nation at the forefront of AI integration within financial services, potentially contributing up to $60 billion to the economy. - read more
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| Non-Bank Lenders: A Pillar of Australia's Housing Finance Sun, 25 Jan: The Australian Finance Industry Association (AFIA) has recently published an inaugural report focusing on residential mortgage non-bank lenders (RNBLs), highlighting their integral role in facilitating home ownership across the nation. This comprehensive analysis sheds light on how these lenders are pivotal in providing diverse financing options, especially for segments of the population that may find traditional banking avenues less accessible. - read more
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| Coalition's Plan to Ease Home Loan Rules Sparks Debate Sun, 25 Jan: The Coalition has announced a proposal to relax existing home lending regulations, aiming to enhance accessibility for first-time home buyers. This initiative focuses on adjusting the Australian Prudential Regulation Authority's (APRA) serviceability buffer, currently set at 3% above the loan interest rate, which has been identified as a barrier for many prospective borrowers. - read more
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| APRA's New Cap on High DTI Home Loans Explained Sun, 25 Jan: 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 portfolios. This measure is designed to address concerns over escalating property prices and the potential for financial instability. - read more
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| ASIC's Findings on Private Lending: What Investors Need to Know Sun, 25 Jan: The Australian Securities and Investments Commission (ASIC) has intensified its scrutiny of the private lending sector, following a period of rapid growth and increasing investor interest. This move comes in response to concerns about transparency, risk management, and the potential impact on the broader financial system. - read more
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| Rise of Unsecured Business Loans Among Australian SMEs Sun, 25 Jan: Australian small and medium-sized enterprises (SMEs) are increasingly turning to unsecured business loans as a means of financing growth and operations. This trend reflects a shift away from traditional lending models that require physical assets as collateral, offering businesses greater flexibility and accessibility to funds. - read more
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| Anticipated RBA Rate Hike in February 2026: Implications for Motorcycle Loans Sun, 25 Jan: The Reserve Bank of Australia (RBA) is set to announce its next monetary policy decision on February 3, 2026. With inflation rates rising in late 2025, the possibility of a rate hike has become a focal point for financial analysts and borrowers alike. - read more
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| ASIC's Crackdown on Unlicensed Finfluencers: What It Means for Consumers Sun, 25 Jan: The Australian Securities and Investments Commission (ASIC) has intensified its efforts against unlicensed financial influencers, commonly known as 'finfluencers,' who are suspected of providing unlawful financial advice. This initiative is part of a global collaboration with regulators from the UK, UAE, Italy, Hong Kong, and Canada to address the growing concern over unregulated financial content on social media platforms. - read more
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| Budget Direct's Triumph: 2025 Insurer of the Year and Its Impact on Motorcycle Insurance Sun, 25 Jan: Budget Direct has been honored as the Insurer of the Year in the 2025 Consumer Finance Awards, reflecting its commitment to providing comprehensive and affordable insurance products to Australians. This accolade is particularly significant for motorcycle enthusiasts seeking reliable coverage. - read more
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| Heightened Road Risks During Holiday Season Due to Increased Freight Traffic Sun, 25 Jan: As Australia enters the summer holiday season, insurers and transport specialists are raising alarms about heightened road risks resulting from the convergence of increased freight activity and holiday travel. This period sees a significant uptick in both passenger vehicles and heavy trucks on the roads, amplifying the potential for accidents and safety incidents. - read more
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| Celebrating Excellence: 2025 National Trucking Industry Award Winners Sun, 25 Jan: The Australian Trucking Association (ATA) has proudly announced the recipients of the 2025 National Trucking Industry Awards, recognizing outstanding contributions and achievements within the sector. These awards highlight the dedication and excellence of individuals and organizations that drive the industry forward. - read more
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| Australian Insurers Achieve $6.1 Billion Profit in 2024 Sun, 25 Jan: In 2024, Australia's insurance industry recorded an after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is primarily attributed to substantial premium hikes and a reduction in severe weather events. - read more
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| Premiums Decline in Australian Construction Insurance Market Sun, 25 Jan: Australia's construction insurance market has entered a softer phase in 2025, with premiums decreasing across various lines due to heightened competition among insurers. According to Marsh's Construction Insurance Market Update 2025, premium reductions averaged between 5% and 15% in the first half of the year. - read more
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| Labour Shortages and Supply Chain Issues Elevate Insurance Claims Costs Sun, 25 Jan: In 2025, Australia's insurance industry is grappling with rising claims costs, particularly within the construction sector, due to labour shortages and supply chain disruptions. Crawford & Company's latest Claims Inflation Update highlights that construction expenses are increasing at a rate faster than general consumer prices, with the Building Cost Index (BCI) rising nearly 5% annually. - read more
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| Surge in First-Home Buyer Guarantees Reflects Growing Market Demand Sun, 25 Jan: In October, the Australian housing market witnessed a substantial increase in first-home buyer activity, with 5,778 guarantees issued under the expanded 5% Deposit Scheme. This figure represents a 48% rise compared to the same period last year, highlighting a growing trend among first-time buyers entering the property market. - read more
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| Rising Property Prices Challenge First-Home Buyers as Average Home Value Tops $1 Million Sun, 25 Jan: The Australian housing market has reached a significant milestone, with the average home price surpassing $1 million for the first time. This development presents new challenges for first-home buyers striving to enter the property market amidst escalating prices. - read more
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| Interest Rate Reductions Drive First-Home Buyers Towards New Build Properties Sun, 25 Jan: Recent interest rate cuts by the Reserve Bank of Australia (RBA) have influenced first-home buyers to consider new build properties as a viable entry point into the housing market. The RBA's decision to lower the cash rate to 3.85%—the lowest in over two years—has enhanced borrowing capacity, making new constructions an attractive option for those seeking affordability and potential incentives. - read more
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| Envest Group Unveils TLI Underwriting: A New Era for Heavy Motor Fleet Insurance Sat, 24 Jan: Envest Group, a prominent player in Australia's insurance sector, has announced the launch of TLI Underwriting, a new agency dedicated to providing specialised insurance solutions for heavy motor fleet operators. This strategic move aims to address the unique challenges faced by larger transport businesses in Australia. - read more
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| AFCA Delivers Ruling After Trucking Company's Claim Denied Sat, 24 Jan: The Australian Financial Complaints Authority (AFCA) has recently ruled against a trucking company after it was found to have misrepresented its insurance history and operational details when obtaining a policy from NTI. This case underscores the critical importance of transparency and accuracy when securing insurance coverage in the transport industry. - read more
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| Australian Insurers Achieve Record Profits Amid Rising Premiums Sat, 24 Jan: 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 a combination of factors, including significant premium hikes and a reduction in severe weather events. - read more
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| Australian Consumers Confront Unexplained Insurance Premium Increases Sat, 24 Jan: Many Australian consumers are experiencing substantial increases in their insurance premiums, often without clear explanations from their providers. Reports indicate that some policyholders have faced premium hikes of 30% to 50%, with instances of increases reaching several hundred percent. - read more
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| Rising Insurance Costs in Northern Australia Challenge Homeowners Sat, 24 Jan: Homeowners in Northern Australia are encountering rising insurance premiums, despite the establishment of a cyclone reinsurance pool intended to reduce costs. The Australian Competition and Consumer Commission (ACCC) reports that median home and contents premiums in the Northern Territory increased by 11% during 2023. - read more
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| Steadfast Group Under Scrutiny for Alleged Misleading Practices Sat, 24 Jan: Steadfast Group, Australia's largest general insurance broker network, has recently come under scrutiny following allegations of misleading clients through undisclosed financial arrangements. These claims have prompted the company to suspend trading on the Australian Stock Exchange, leading to a significant decline in its share price. - read more
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| Netstrata Clients Uncover Excessive Insurance Brokerage Fees Sat, 24 Jan: Recent developments have brought to light concerns regarding the insurance practices of Netstrata, a prominent strata management firm in Australia. Clients have reported the sudden appearance of past insurance invoices in their online portals, revealing brokerage fees significantly higher than industry norms. - read more
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| ICA Calls for Reforms to Victoria's Strata Laws Amid Rising Insurance Costs Sat, 24 Jan: The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, 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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| Allianz Partners Highlights Risks of Travelling Uninsured Fri, 23 Jan: 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 travellers embark on international journeys without any form of travel insurance. This statistic has prompted Allianz Partners to urge Australians to reconsider the importance of securing adequate coverage before travelling abroad. - read more
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| Surge in Medical Claims Among Australian Travellers Highlights Importance of Comprehensive Insurance Fri, 23 Jan: In 2024, medical incidents emerged as the leading cause of travel insurance claims among Australian travellers, accounting for more than 40% of all claims handled by nib Travel. This trend underscores the critical importance of securing comprehensive travel insurance to mitigate the financial risks associated with medical emergencies abroad. - read more
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| Qantas Travel Insurance Honoured with Mozo Experts Choice Award 2024 Fri, 23 Jan: Qantas Travel Insurance has been recognised in the 2024 Mozo Experts Choice Awards for Travel Insurance, showcasing its exceptional value for their Annual Multi Trip Travel Insurance policy. - read more
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| Australian Insurers Falling Behind in Cybersecurity Readiness Fri, 23 Jan: Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are lagging behind their global counterparts in preparedness for emerging risks, particularly in the realms of cybersecurity and artificial intelligence (AI). This survey, encompassing insights from 698 insurance executives across 42 territories, highlights a concerning trend for the Australian insurance sector. - read more
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| Climate Change Drives Up Home Insurance Premiums in Australia Fri, 23 Jan: Insurance Australia Group (IAG) has recently highlighted the escalating impact of climate change on home insurance premiums across the nation. The insurer's latest report indicates that the increasing frequency and severity of weather events are contributing to higher costs for homeowners seeking coverage. - read more
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| Australian Insurers Achieve $6.1 Billion Profit Amid Premium Increases Fri, 23 Jan: Australia's insurance industry has reported a substantial after-tax profit of $6.1 billion for the year 2024, marking a significant increase from the five-year average of $2 billion. This remarkable financial performance is primarily attributed to strategic premium adjustments and a period of relatively mild weather conditions. - read more
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| Australian Insurers Face Challenges in Risk Preparedness Fri, 23 Jan: Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are trailing behind 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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| Surge in Profits for Australian Insurers Following Premium Increases Fri, 23 Jan: Australia's insurance sector has reported a substantial after-tax profit of $6.1 billion for the year 2024, according to KPMG's annual review. This figure is three times higher than the five-year average of $2 billion, highlighting a significant financial upturn for the industry. - read more
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| Significant Premium Increases Reported by Australian Insurers Fri, 23 Jan: Consumer advocacy group Choice has released a report indicating that several Australian insurers have implemented substantial increases in home insurance premiums over the past year. Notably, Kogan, RAC, and Honey have raised their average premiums by more than 30%, significantly outpacing the industry average increase of 16%. - read more
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| RACQ Insurance Withdraws Rideshare Vehicle Coverage Fri, 23 Jan: RACQ Insurance has recently announced the cessation of coverage for rideshare and food delivery vehicles, effective from November 3, 2023. This decision stems from a notable increase in claims associated with these services, prompting the insurer to reassess its offerings. - read more
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| AFCA Directs Insurer to Settle Restaurant Arson Claim Fri, 23 Jan: The Australian Financial Complaints Authority (AFCA) has recently ruled in favour of a restaurant owner, directing the insurer to honour an arson claim despite the director's failure to disclose a past criminal conviction. This decision underscores the importance of clear communication and due diligence in the insurance application process. - read more
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| Upcover Introduces Affordable Management Liability Insurance for SMEs Fri, 23 Jan: Upcover, a Sydney-based insurtech company, has recently launched a management liability insurance product tailored specifically for small and medium-sized enterprises (SMEs) and sole traders. With premiums starting at $780 per year for a $1 million coverage limit, this offering aims to provide affordable and comprehensive protection against various business risks. - read more
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| Australia Partners with Japan's Mitsubishi for $6.5 Billion Warship Fleet Thu, 22 Jan: In a landmark decision, Australia has awarded a AU$10 billion (US$6.5 billion) contract to Japan's Mitsubishi Heavy Industries for the construction of 11 Mogami-class frigates. This agreement signifies the most substantial defense industry collaboration between the two nations to date. - read more
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| Marsh Secures Role in Australian Navy's Maritime Insurance Program Thu, 22 Jan: Global insurance broker Marsh has been appointed by the Australian government to oversee the insurance and risk advisory components of the Royal Australian Navy's Maritime Insurance Program (MIP). This program is integral to the nation's extensive naval fleet expansion and infrastructure development initiatives. - read more
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| GT Insurance Provides Flexible Solutions Amid Trade Uncertainties Thu, 22 Jan: In response to recent shifts in global trade dynamics, GT Insurance is reaffirming its commitment to supporting Australian marine clients navigating these challenges. The 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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| Non-Bank Lenders Escalate Court Actions as SME Insolvencies Surge Thu, 22 Jan: Recent data indicates a significant shift in the enforcement landscape affecting Australian small and medium-sized enterprises (SMEs). Non-bank lenders have markedly increased their court-based recovery actions, coinciding with a rise in SME insolvencies. This trend emerges as major banks reduce their enforcement activities, highlighting a changing dynamic in creditor behaviour. - read more
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| Australian SMEs Reduce Borrowing Amid Interest Rate Uncertainty Thu, 22 Jan: In the final quarter of 2025, Australian small and medium-sized enterprises (SMEs) exhibited a cautious approach to borrowing, influenced by ongoing uncertainty surrounding inflation and interest rates. This trend reflects a broader hesitancy among businesses to commit to new financing amid an unpredictable economic environment. - read more
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| Renown Lending Boosts SME Funding to $400 Million Nationwide Thu, 22 Jan: In response to growing demand from business owners across Australia, Renown Lending has expanded its funding pool to $400 million, broadening its mandate to provide fast and flexible financing solutions to small and medium-sized enterprises (SMEs) nationwide. - read more
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| Snowy River Caravans Introduces Snowy River Finance for Easier Caravan Ownership Thu, 22 Jan: Snowy River Caravans has unveiled Snowy River Finance, a new in-house financing service designed to simplify the caravan purchasing process for Australians. This initiative is available through all 15 Snowy River dealerships nationwide, providing customers with flexible loan terms ranging from two to seven years. - read more
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| Challenges Mount as Australian Caravan Manufacturers Face Closures Thu, 22 Jan: The Australian caravan industry is experiencing significant upheaval, with several manufacturers ceasing operations in recent years. Notably, luxury caravan producer Zone RV entered voluntary administration, leaving hundreds of employees and customers in uncertainty. - read more
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| National Leisure Finance Enhances Caravan Financing at Melbourne Leisurefest Thu, 22 Jan: National Leisure Finance (NLF) has introduced a range of flexible caravan loan options at the Melbourne Leisurefest, aiming to make caravan ownership more attainable for Australians. Representatives James and Josh engaged with customers and industry partners to showcase how tailored financing solutions can facilitate the purchase of caravans. - read more
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| CHU's 2025 Report Shows Stability in Strata Insurance Premiums Amid Climate and Regulatory Shifts Thu, 22 Jan: CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current state of the industry. The report offers valuable insights into premium movements, the impact of weather events, regulatory developments, and emerging risks affecting strata insurance. - read more
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| ICA Calls for Strata Law Reforms to Address Rising Insurance Costs in Victoria Thu, 22 Jan: The Insurance Council of Australia (ICA) has recently called for substantial reforms to Victoria's strata legislation, citing a direct correlation between inadequate governance and escalating insurance premiums for residents. With approximately one in five Victorians residing in strata-titled properties, the need for effective management and oversight has become increasingly critical. - read more
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| Sure Insurance Expands Strata Coverage to $20 Million to Enhance Affordability in Northern Queensland Thu, 22 Jan: In a significant move to address the longstanding issue of insurance affordability in Northern and Regional Queensland, Sure Insurance has announced an increase in its residential strata insurance coverage from $5 million to $20 million. This strategic enhancement aims to provide body corporates and lot owners with more competitive premium options and improved access to essential insurance services. - read more
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| Artificial Intelligence: The Foremost Risk for Australian Enterprises Thu, 22 Jan: In a significant shift within the Australian business landscape, artificial intelligence (AI) has ascended to the top of the risk agenda for local enterprises. According to Allianz's annual global risk survey, 61% of Australian executives now identify AI as their primary concern, marking the first instance where this technology has led the risk list in Australia. This represents a substantial leap from its eighth-place ranking in the previous year. - read more
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| ASIC's 2026 Enforcement Agenda: Implications for the Insurance Industry Thu, 22 Jan: The Australian Securities and Investments Commission (ASIC) has unveiled its enforcement priorities for 2026, placing a significant emphasis on the insurance sector. Key areas of focus include failures in insurance claims and complaints handling, as well as misleading pricing practices that may impact Australians' cost of living. - read more
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| Australian Insurers Achieve Robust Profits in Q3 2025 Thu, 22 Jan: Australian general insurers have reported a significant after-tax profit of nearly AUD 2.3 billion for the third quarter of 2025, marking an increase from approximately AUD 2.1 billion in the same period of 2024. This uptick reflects a combination of rising premium revenues and a reduction in claims, contributing to the industry's robust financial performance. - read more
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| Australian Insurers Under Investigation for Premium Increases Amid Record Profits Thu, 22 Jan: In recent developments, Australian insurance companies are facing heightened scrutiny from both government officials and consumer advocacy groups due to substantial increases in insurance premiums. This comes in the wake of the industry reporting record profits, raising questions about the fairness and transparency of pricing strategies. - read more
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| Rising Insurance Premiums Challenge Australian Homeowners Thu, 22 Jan: Australian homeowners are confronting substantial increases in home insurance premiums, driven by a combination of more frequent extreme weather events and escalating building costs. Recent data indicates that the average annual premium for new home and contents policies has risen by 14%, equating to an additional $343 per year for policyholders. - read more
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| Government Launches Investigation into Insurance Industry Practices Amid Rising Premiums Thu, 22 Jan: The Australian government has initiated an investigation into the practices of the insurance industry following a surge in consumer complaints regarding significant premium increases and concerns over transparency and fairness. This move comes as policyholders report steep hikes in their insurance costs, with some experiencing increases of up to 600% without clear explanations from their insurers. - read more
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| AUSactive Unveils Comprehensive Insurance Solution for Fitness Professionals Thu, 22 Jan: AUSactive, Australia's leading body for the exercise and active health sector, has recently introduced a new insurance product tailored specifically for fitness professionals. This initiative aims to provide enhanced protection while offering more affordable premiums compared to existing market options. - read more
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| AUSactive and Health Partners Join Forces to Enhance Support for Fitness Professionals Thu, 22 Jan: AUSactive, the peak body for the exercise and active health sector in Australia, has announced a significant partnership with Health Partners, a not-for-profit health fund with over 85 years of service to South Australians. This collaboration aims to recognize eligible AUSactive personal trainers and fitness businesses as approved providers under Health Partners' Extras policy. - read more
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| AUSactive Partners with Private Healthcare Australia to Advance Health Insurance Reforms Thu, 22 Jan: AUSactive, Australia's leading organization for the exercise and active health sector, is collaborating with Private Healthcare Australia (PHA) to spearhead reforms in private health insurance. The primary objective of this partnership is to broaden access to evidence-based preventive health services, including Pilates, Yoga, Tai Chi, and structured exercise programs delivered by accredited professionals. - read more
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| Non-Bank Lenders Escalate Legal Actions as SME Insolvencies Surge Wed, 21 Jan: In recent years, Australia's small and medium-sized enterprises (SMEs) have faced mounting financial pressures, leading to a notable increase in insolvencies. A significant development in this landscape is the escalating involvement of non-bank lenders in court-based enforcement actions against struggling businesses. - read more
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| Westpac's New Debt Consolidation Loan Aims to Ease Post-Holiday Financial Strain Wed, 21 Jan: The post-holiday season often brings financial challenges for many Australians, with increased expenses leading to heightened stress. Recognizing this, Westpac has introduced a special debt consolidation personal loan at an interest rate of 11.95% per annum, available for a limited time. - read more
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| Australia's Private Credit Market Reaches $224 Billion Amidst Regulatory Review Wed, 21 Jan: Australia's private credit market has experienced significant growth, with assets under management reaching $224 billion—a 9% increase from the previous year. This expansion comes even as the Australian Securities and Investments Commission (ASIC) raises concerns about valuation inconsistencies and liquidity practices within the sector. - read more
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| ASIC's Review Highlights Concerns in Car Finance Practices Wed, 21 Jan: 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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| Significant Increase in Health Insurance Premiums Anticipated for 2026 Wed, 21 Jan: Health insurance premiums are set to experience a substantial increase in 2026, with projections indicating a global rise of 10.3%. This marks the third consecutive year of significant hikes, following increases of 10% in 2025 and 9.5% in 2024. These figures are highlighted in WTW's 2026 Global Medical Trends report, underscoring the persistent inflationary pressures affecting insurers and employer-sponsored health plans worldwide. - read more
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| Private Health Insurers Under Scrutiny for Profits Amid Rising Premiums Wed, 21 Jan: Recent analyses have brought to light significant concerns regarding the profit margins of private health insurers in Australia, especially in the context of rising premiums. The Australia Institute has highlighted that major insurers are reporting substantial profits while simultaneously increasing premiums, a situation that has sparked criticism and calls for greater transparency within the industry. - read more
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| Health Minister Puts Private Health Insurers on Notice Over Pricing Practices Wed, 21 Jan: Health Minister Mark Butler has issued a stern warning to private health insurers in Australia, cautioning them against employing underhanded tactics to increase premiums. This comes in response to findings from the Commonwealth Ombudsman, which revealed that some insurers have been closing old policies and introducing more expensive new ones, effectively circumventing regulatory limits on premium hikes. - read more
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| AUSactive Unveils Comprehensive Insurance Solution for Fitness Professionals Wed, 21 Jan: AUSactive, Australia's leading body for the exercise and active health sector, has announced the launch of a new insurance product tailored specifically for fitness professionals. This initiative, developed in collaboration with global insurance broker Marsh, aims to provide enhanced protection while offering lower premiums compared to existing market options. - read more
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| Health Insurers to Include Natural Therapies in Coverage from 2026 Wed, 21 Jan: In a significant policy shift, Australian health insurers will begin offering rebates for a range of natural therapies, including Yoga, Pilates, Tai Chi, Shiatsu, Naturopathy, Western herbal medicine, and the Alexander Technique, starting early 2026. This change follows legislative amendments allowing these therapies to be covered under private health insurance for the treatment of health conditions or as part of health management programs. - read more
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| Rising Fitness Industry in Australia Opens Doors for Insurance Brokers Wed, 21 Jan: The Australian fitness industry has experienced significant growth over the past decade, driven by an increasing health consciousness among Australians. Reports indicate that nearly half of young Australians regularly visit gyms or health centres, reflecting a cultural shift towards prioritising fitness and wellbeing. - read more
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| Consumers Demand Transparency Amid Rising Insurance Premiums Wed, 21 Jan: Australian consumers are increasingly voicing concerns over substantial hikes in insurance premiums, with many facing increases of 30% to 50% or more. Advocacy groups are calling for greater transparency in pricing and the establishment of independent insurance price monitoring. - read more
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| Rising Insurance Costs in Northern Australia Challenge Cyclone Reinsurance Efforts Wed, 21 Jan: Homeowners in Northern Australia are facing significant increases in insurance premiums, despite the establishment of a cyclone reinsurance pool in 2022 aimed at reducing costs. Some residents have reported premium hikes of up to 600%, raising questions about the effectiveness of the reinsurance pool. - read more
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| Claim Central Property Ceases Operations Amid Industry Pressures Wed, 21 Jan: Claim Central Property, a prominent player in the Australian property claims management sector, has recently entered voluntary administration, ceasing its operations. This development underscores the mounting pressures within the construction and insurance industries, characterised by escalating costs and persistent supply chain disruptions. - read more
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| Proposed Building Code Reforms Aim to Mitigate Water Leak Issues Wed, 21 Jan: Engineers Australia has recently expressed strong support for proposed amendments to the National Construction Code (NCC) aimed at mitigating water leaks, which are identified as the predominant cause of defects in apartment and commercial buildings. This endorsement underscores the critical need for enhanced standards to address a pervasive issue that has significant financial and structural implications. - read more
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| New Comprehensive Professional Indemnity Insurance for Tradies Unveiled Wed, 21 Jan: Hutch Underwriting has recently introduced a revamped professional indemnity (PI) insurance policy tailored specifically for tradespeople, commonly referred to as 'tradies'. This new offering is designed to encompass advice, design, and incidental cyber exposures, providing a comprehensive solution that addresses the multifaceted risks faced by professionals in the construction industry. - read more
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| Rising Trend: Australians Using Personal Loans for Winter Getaways Tue, 20 Jan: As the Australian winter sets in, many individuals are seeking warmer climates overseas. However, a growing number are financing these trips through personal loans, a trend that has sparked discussions about its financial prudence. - read more
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| Australia's Private Credit Market Reaches $200 Billion Milestone Tue, 20 Jan: Australia's financial landscape is witnessing a significant shift with the expansion of the private credit market, now valued at approximately $200 billion as of the end of 2024. This growth reflects a global trend where non-bank institutions are increasingly providing direct loans to businesses, offering alternatives to traditional banking channels. - read more
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| Rate Money Surpasses $10 Billion in Loans, Eyes Further Expansion Tue, 20 Jan: Rate Money, an Australian non-bank lender specializing in loans for self-employed individuals, has achieved a significant milestone by surpassing $10 billion in loans. Founded in 2019, the company has rapidly expanded its footprint in the financial services sector. - read more
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| RBA Maintains Cash Rate at 3.6% Amid Inflationary Pressures Tue, 20 Jan: The Reserve Bank of Australia (RBA) has announced its decision to keep the cash rate steady at 3.6% during its November meeting, a move that aligns with the expectations of major financial institutions. This decision comes in response to the latest Consumer Price Index (CPI) data, which revealed a significant rise in inflation, prompting the RBA to adopt a cautious stance on monetary policy. - read more
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| APRA Sets New Limits on High Debt-to-Income Home Loans Tue, 20 Jan: The Australian Prudential Regulation Authority (APRA) has unveiled a new policy aimed at curbing high-risk lending practices within the housing market. Effective from 1 February 2026, banks will be restricted to issuing no more than 20% of new home loans to borrowers whose debt-to-income (DTI) ratio exceeds six times their annual income. This measure applies to both owner-occupied and investor loans, excluding new housing developments. - read more
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| Westpac Achieves $7 Billion Profit and Sells RAMS Mortgage Business Tue, 20 Jan: 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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| Zone RV's Financial Collapse Exposes $40 Million Debt Tue, 20 Jan: The recent collapse of luxury caravan manufacturer Zone RV has sent shockwaves through the Australian caravan industry. Based in Coolum on Queensland's Sunshine Coast, the company entered voluntary administration, revealing debts amounting to approximately $40 million. This development has left around 240 employees unemployed and approximately 180 customers uncertain about the status of their purchases. - read more
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| thl Closes Brisbane RV Factory, Relocates Production to New Zealand Tue, 20 Jan: Tourism Holdings Limited (thl), a prominent player in the recreational vehicle (RV) industry, has announced the closure of its Brisbane manufacturing facility, effective December 19, 2025. This decision results in the loss of approximately 110 Australian jobs and signifies a strategic shift, with all production being relocated to New Zealand. - read more
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| RV Essentials Australia Reports Significant Growth and Bunnings Partnership Tue, 20 Jan: RV Essentials Australia, a Melbourne-based manufacturer of caravan accessories, has announced a remarkable year of expansion, marked by a 132% increase in revenue and the servicing of over 15,000 customers. This growth is further underscored by the company's recent inclusion in Bunnings Marketplace, a significant achievement that places it among a select group of caravan accessory brands on the platform. - read more
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| ASIC's Findings Highlight Urgent Need for Reform in Car Finance Lending Practices Tue, 20 Jan: The Australian Securities and Investments Commission (ASIC) has recently unveiled findings from its comprehensive review of the motor vehicle finance sector, highlighting concerning trends that are likely to prompt a tightening of lending practices across the industry. - read more
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| Affordable Electric Vehicles: New Low-Interest Loans for Eligible Australians Tue, 20 Jan: The Australian government has launched a new initiative to make electric vehicles (EVs) more accessible to a broader segment of the population. This program offers low-interest loans to individuals earning less than $100,000 annually, as well as essential workers, facilitating the purchase of new and used EVs priced up to $55,000. - read more
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| Surge in Car Loan Delinquencies Sparks Financial Sector Worries Tue, 20 Jan: Australia is witnessing a notable increase in car loan delinquencies, raising alarms about the potential ripple effects on the broader financial sector. This trend reflects the financial strain many Australians are experiencing amid economic challenges. - read more
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| ASIC Investigates Car Finance Practices to Strengthen Consumer Safeguards Tue, 20 Jan: The Australian Securities and Investments Commission (ASIC) has commenced a thorough review of the motor vehicle finance sector, focusing on enhancing consumer protections and ensuring compliance with responsible lending obligations. This initiative is particularly attentive to the experiences of borrowers in regional and remote areas, including First Nations communities. - read more
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| New Low-Interest Loans Make Electric Vehicles More Accessible to Australians Tue, 20 Jan: The Australian government has unveiled a new initiative to make electric vehicles (EVs) more accessible to a broader segment of the population. This program offers low-interest loans to Australians earning less than $100,000 annually, as well as to essential workers such as police officers, teachers, firefighters, and nurses, regardless of their income level. The loans are available for both new and used EVs priced up to $55,000. - read more
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| Macquarie Bank Ends New Car Loan Services to Enhance Home Loan Offerings Tue, 20 Jan: Macquarie Bank has announced a strategic decision to cease offering new car loans through its direct, broker, and novated leasing channels. This move is part of the bank's broader strategy to concentrate on expanding its home loan and deposit services. - read more
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| Australia's Marine Industry Surges to $229 Billion Economic Output Tue, 20 Jan: Australia's 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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| BIA Advocates for Government Support in Marine Manufacturing Tue, 20 Jan: The Boating Industry Association Ltd (BIA) is calling on all levels of Australian government to provide strategic support for the nation's marine manufacturing and recreational boating sector. The association warns that a critical skills shortage is threatening the industry's substantial economic potential. - read more
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| Austal's $100 Million Loan Fuels U.S. Shipbuilding Expansion Tue, 20 Jan: Austal Limited, a prominent Australian shipbuilder, has secured a $100 million loan from Export Finance Australia (EFA) to support the expansion of its shipbuilding operations in Mobile, Alabama. This funding is designated to enhance Austal's construction capabilities for U.S. Navy and Coast Guard vessels. - read more
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| Heightened Road Risks During Holiday Season: Insurers Issue Warnings Tue, 20 Jan: As the Australian summer school holidays coincide with peak freight activity, insurers and transport specialists are raising concerns about heightened road risks. The surge in freight traffic, coupled with increased holiday travel, amplifies the potential for road incidents, particularly involving heavy vehicles. - read more
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| Insuregroup's Remarkable Growth in Truck Insurance Policies Tue, 20 Jan: Insuregroup, a specialist insurance brokerage serving Australia's transport and logistics sector, has recently announced a significant milestone: processing over 10,000 insurance policies since its inception, with a 25% increase in policy volume over the past year. This growth underscores the escalating demand for comprehensive truck insurance solutions tailored to the unique needs of Australian freight operators. - read more
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| NTARC Report Identifies Inattention and Speed as Primary Factors in Major Truck Crashes Tue, 20 Jan: The National Truck Accident Research Centre (NTARC) has released its latest Major Incident Investigation Report, shedding light on the predominant causes of significant truck crashes across Australia. The findings reveal that human factors, particularly inattention, distraction, and inappropriate speed, continue to be the leading contributors to these incidents. - read more
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| Ray White Marine Unveils Impressive Fleet at Sydney Boat Show Mon, 19 Jan: Ray White Marine made a significant impact at the 2025 Sydney International Boat Show, unveiling its largest and most valuable display to date—a $70 million lineup of luxury vessels at Darling Harbour. This showcase marked a milestone for the event, which transitioned to a summer schedule for the first time, transforming the harbor into a vibrant on-water playground from 13 to 16 November. - read more
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| MotorCycle Holdings Reports Record-Breaking $650 Million Revenue in FY2025 Mon, 19 Jan: MotorCycle Holdings Limited, Australia's largest motorcycle dealership group, has announced a remarkable financial performance for the fiscal year 2025, achieving a record revenue of $650 million. This figure represents an 11.6% increase compared to the previous year, underscoring the company's robust growth trajectory in a competitive market. - read more
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| TAL's Health Sense Plus Now Covers Income Protection Policies Mon, 19 Jan: 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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| New Legislation Prohibits Life Insurers from Using Genetic Test Results Mon, 19 Jan: The Australian government has enacted legislation prohibiting life insurers from using the results of genetic tests to refuse coverage or increase premiums. This landmark decision aims to eliminate genetic discrimination and encourage individuals to undergo potentially life-saving genetic testing without fear of financial repercussions. - read more
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| Markel Insurance Expands into Australian Marine Market with New Leadership Mon, 19 Jan: Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, marking a significant expansion into the country's marine insurance sector. Based in Sydney, Wills will spearhead the introduction of Markel's marine products, starting with marine cargo insurance. - read more
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| Pelagic Risk Services Strengthens Marina Support with Gold Sponsorship Mon, 19 Jan: Pelagic Risk Services, a specialist marine insurance broker, has elevated its commitment to the marina industry by upgrading from Silver to Gold Sponsorship with the Marina Industries Association (MIA). This move underscores Pelagic's dedication to supporting marinas across Australia through enhanced financial contributions and the provision of exclusive risk management resources. - read more
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| Marinex Underwriting Enters Australian Market with Specialised Marine Insurance Solutions Mon, 19 Jan: Rhodian Group has announced the launch of Marinex Underwriting, a new agency dedicated to providing specialised marine insurance products tailored to the Australian market. This initiative marks Rhodian's third agency launch, following the establishment of Halo Underwriting and Batch Underwriting in previous years. - read more
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| Emerging Challenges Elevate Insurance Risks for Australian Businesses Mon, 19 Jan: Australian businesses are currently navigating a complex and evolving risk landscape, marked by increased exposures across various domains. A recent report from Gallagher highlights several key areas contributing to this heightened risk environment. - read more
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| Australian Insurers Falling Behind in Cyber and AI Risk Readiness Mon, 19 Jan: Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are trailing their global counterparts in preparedness for emerging risks, particularly in the realms of cyber threats and artificial intelligence (AI). This lag poses significant challenges as the industry confronts an increasingly complex risk landscape. - read more
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| Australian General Insurers Report Record $7.3 Billion Profit Sun, 18 Jan: The Australian general insurance sector has reported a remarkable after-tax profit of $7.3 billion for the last financial year, marking its most substantial earnings in over ten years. This significant increase is primarily attributed to a decrease in catastrophe-related losses and robust investment returns. - read more
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| Australian General Insurance Premiums Set to Surpass $144 Billion by 2029 Sun, 18 Jan: The Australian general insurance market is on a trajectory to see direct written premiums (DWP) exceed $144 billion by 2029, according to projections from data and analytics firm GlobalData. This anticipated growth is largely fueled by heightened demand for coverage in response to the increasing frequency of natural disasters. - read more
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| Understanding the Impact of New Regulations on Cosmetic Nurses' Insurance Sun, 18 Jan: The cosmetic nursing sector in Australia has experienced significant growth, driven by increasing demand for non-surgical cosmetic procedures such as injectables and skin treatments. This expansion has led to heightened scrutiny and the introduction of new regulations aimed at ensuring patient safety and professional accountability. - read more
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| Health Minister Addresses Insurers' Use of Loopholes to Raise Premiums Sun, 18 Jan: In December 2024, Australian Health Minister Mark Butler issued a stern warning to private health insurers regarding the use of 'underhanded' tactics to raise premiums. This statement came in response to findings that some insurers have been closing old policies and introducing more expensive ones, effectively increasing costs for consumers without transparent communication. - read more
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| Australia's General Insurance Market Set for Significant Growth by 2029 Sun, 18 Jan: Australia's general insurance industry is on a trajectory for substantial growth, with direct written premiums (DWP) projected to reach $146.9 billion by 2029. This forecast, provided by GlobalData, anticipates a compound annual growth rate (CAGR) of 9.2%, rising from $103.1 billion in 2025. - read more
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| Hutch Underwriting's New PI Insurance: Comprehensive Protection for Tradies Sun, 18 Jan: Hutch Underwriting has recently unveiled a revamped professional indemnity (PI) insurance policy specifically designed for Australian tradespeople. This new offering aims to provide comprehensive coverage by integrating advice, design, and incidental cyber exposures into a single solution. - read more
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| Viz and Ivory Insurance Join Forces to Deliver Customised Tradie Insurance Sun, 18 Jan: In a significant development for Australia's trades sector, digital agency Viz has partnered with Ivory Insurance to offer specialised insurance coverage tailored for tradies and small business owners. This collaboration aims to address the unique risks faced by professionals in various trades, providing comprehensive protection and peace of mind. - read more
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| Introducing Trade Pack: Hutch Underwriting's Streamlined Insurance for Tradies Sun, 18 Jan: Hutch Underwriting has launched Trade Pack, a new insurance solution designed to meet the diverse needs of Australian tradespeople while minimizing administrative complexities. This offering is tailored for trades such as bricklayers, carpenters, landscapers, painters, and shop fitters, providing a streamlined approach to insurance coverage. - read more
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| Australian Home Prices Poised for Continued Growth in 2026 Sun, 18 Jan: Australia's housing market is set to experience further growth in 2026, with economists forecasting a 5% increase in home prices. This follows an 8.6% rise in 2025, marking the strongest annual growth since 2021. The anticipated growth is driven by a combination of factors, including ongoing supply constraints and robust population growth. - read more
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| Sydney and Melbourne Property Markets Show Signs of Cooling Sun, 18 Jan: In December 2025, both Sydney and Melbourne property markets experienced a slight decline of 0.1%, marking a potential shift in the momentum of Australia's housing market. This downturn comes after a period of consistent growth, raising questions about the sustainability of recent price increases. - read more
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| Australian Rental Market Faces Tightening Conditions Sun, 18 Jan: Australia's rental market is experiencing tightening conditions, with vacancy rates dropping to 1.6% in December 2025, close to record lows. This tightening has led to a 5.2% increase in rents over the year, posing significant challenges for tenants across the country. - read more
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| NAB Enhances Digital Services with Google Cloud Integration Sat, 17 Jan: National Australia Bank (NAB) has taken a significant step in its digital transformation journey by integrating Google Cloud into its existing multi-cloud strategy. This move aims to bolster the bank's digital services and enhance operational efficiency, reflecting a broader trend among financial institutions to leverage cloud technologies for improved service delivery. - read more
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| MFAA Publishes Guides to Enhance Mortgage Broking Practices Sat, 17 Jan: The Mortgage & Finance Association of Australia (MFAA) has released the final two guides in its Business Growth Roundtable Series Insights, aimed at assisting mortgage brokers in developing sustainable and professional businesses. These resources are part of the MFAA's ongoing commitment to supporting the growth and professionalism of the mortgage broking industry. - read more
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| Australian Motorcycle Market Sees 1.3% Sales Decline in 2025 Sat, 17 Jan: The Australian motorcycle industry faced a modest 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 the ongoing economic challenges impacting consumer spending. - read more
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| OnDeck Australia's Broker-Originated SME Loans Skyrocket by 246% Sat, 17 Jan: In a significant development for Australia's small business sector, OnDeck Australia has reported a remarkable 246% year-on-year increase in broker-originated small business loans funded in November 2024 compared to the same month in 2023. This surge underscores a renewed confidence among small and medium-sized enterprises (SMEs) in leveraging broker channels for their financing needs. - read more
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| AFCA Alerts Small Businesses to Dangers of Unregulated Lending Sat, 17 Jan: The Australian Financial Complaints Authority (AFCA) has issued a cautionary advisory to small businesses regarding the risks associated with engaging unregulated lenders. This warning comes in response to a notable increase in complaints that fall outside AFCA's jurisdiction, leaving many business owners without recourse when disputes arise. - read more
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| So Money Launches Tailored Lending Solutions for SMEs and Self-Employed Sat, 17 Jan: In response to Australia's burgeoning small business sector, non-bank lender So Money has unveiled new lending solutions specifically designed for self-employed borrowers and small and medium-sized enterprises (SMEs). This strategic expansion aims to simplify the income verification process and provide more flexible financing options to a traditionally underserved market. - read more
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| Steadfast Unveils Prevail: A New Era in High Net Worth and Farm Insurance Sat, 17 Jan: In a significant development for the Australian insurance landscape, Steadfast has announced the launch of Prevail, a new specialist agency designed to cater to high net worth individuals and the farming sector. This initiative brings together three well-established underwriting agencies—Mansions, Dawes, and Argis—under a unified brand, aiming to provide comprehensive and tailored insurance solutions. - read more
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| Harland Green Launches Comprehensive All-Risk Insurance for Large-Scale Farms Sat, 17 Jan: Harland Green, a newly established Lloyd's coverholder, has introduced an all-risk farm insurance package specifically designed for large commercial farming operations in Australia. This initiative aims to address the complex and evolving needs of the agricultural sector by offering comprehensive coverage that encompasses various aspects of farm operations. - read more
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| Allstate Underwriting and Mitsui Sumitomo Join Forces to Strengthen Farm Insurance Offerings Sat, 17 Jan: Allstate Underwriting Agencies has announced a strategic partnership with Mitsui Sumitomo Insurance (MSI) to enhance its capacity in providing insurance solutions for medium, small, and hobby farms across Australia. This collaboration is set to bolster Allstate's presence in the farm pack market, offering tailored products that meet the specific needs of these farming segments. - read more
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| ANZ Finalises Acquisition of Suncorp Bank for $4.9 Billion Sat, 17 Jan: In a significant development for the Australian banking sector, ANZ has successfully completed its $4.9 billion acquisition of Suncorp Bank. This strategic move, finalised on 31 July 2024, marks a pivotal expansion for ANZ, enhancing its service offerings and market reach across the nation. - read more
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| Non-Bank Lenders Expand Presence in Australia's Mortgage Sector Sat, 17 Jan: The Australian mortgage market is witnessing a notable shift as non-bank lenders increasingly capture a larger share, challenging the dominance of traditional banking institutions. This trend is driven by digital innovation and evolving consumer preferences, leading to a more competitive landscape in home financing. - read more
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| RBA Holds Cash Rate at 3.60% Amidst Economic Uncertainty Sat, 17 Jan: In its latest monetary policy decision, the Reserve Bank of Australia (RBA) has opted to keep the official cash rate unchanged at 3.60%. This decision reflects the central bank's cautious approach in navigating the current economic landscape, balancing the need to control inflation with the goal of sustaining economic growth. - read more
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| Non-Bank Lenders Escalate Court Actions as Major Banks Withdraw Sat, 17 Jan: In recent years, Australia's financial sector has witnessed a notable shift in lending and enforcement practices. Non-bank lenders have significantly increased their court enforcement actions, while major banks have concurrently reduced their involvement in such proceedings. This trend underscores a changing dynamic in creditor behaviour and raises important considerations for small and medium-sized enterprises (SMEs) seeking financing. - read more
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| Australian SMEs Curtail Borrowing Amid Economic Uncertainty Sat, 17 Jan: In the final quarter of 2025, Australian small and medium-sized enterprises (SMEs) exhibited a cautious approach to borrowing, influenced by ongoing uncertainties surrounding inflation and interest rates. This trend has led to a noticeable decline in lending volumes, reflecting the broader economic apprehensions within the SME sector. - read more
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| Australia's Commercial Credit Demand Increases Amid Growing Business Confidence Sat, 17 Jan: In the third quarter of 2025, Australia experienced a notable uptick in commercial credit demand, reflecting a resurgence in business confidence across the nation. Data from Equifax indicates a 3% year-on-year increase in overall commercial credit demand, with business loan applications playing a significant role in this growth. - read more
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| Australian Motorcycle Sales Experience Slight Decline in 2025 Sat, 17 Jan: The Federal Chamber of Automotive Industries (FCAI) has released data indicating a 1.3% decrease in Australian motorcycle and off-highway vehicle sales for 2025, with total units sold amounting to 92,967. This decline reflects the ongoing economic pressures affecting discretionary spending among consumers. - read more
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| Record-Breaking Attendance at 2025 Australian Motorcycle Grand Prix Energizes Phillip Island Sat, 17 Jan: The 2025 Australian Motorcycle Grand Prix, held at the iconic Phillip Island Circuit, has set a new attendance record, drawing approximately 91,245 visitors over its three-day duration. This marks the highest turnout since 2012 and underscores the event's growing popularity among motorsport enthusiasts. - read more
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| Envest Group's TLI Underwriting: A New Era for Large Truck Fleet Insurance Sat, 17 Jan: Envest Group, a prominent entity in the insurance sector, has announced the launch of TLI Underwriting, a specialised heavy motor agency set to commence operations at the end of this month. This new venture is poised to cater specifically to the insurance needs of larger truck fleets, marking a significant expansion in Envest's service offerings. - read more
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| ICA's Strategic Plan to Combat Escalating Motor Insurance Costs Sat, 17 Jan: The Insurance Council of Australia (ICA) has unveiled a comprehensive report titled 'Motor Insurance Policy Paper – A Roadmap for Reducing Rising Premiums,' addressing the significant 42% increase in comprehensive motor insurance premiums since 2019. This surge has brought the average annual premium to $1,052 in 2024, prompting the need for coordinated action to alleviate the financial burden on consumers. - read more
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| Australian Insurers Face Growing Challenges in Risk Preparedness Sat, 17 Jan: Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are increasingly vulnerable compared to their global counterparts, particularly in areas of 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 than the global average. This gap underscores the pressing need for the Australian insurance sector to bolster its strategies against emerging threats. - read more
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| Declining Value in Private Health Insurance Sparks Calls for Reform Sat, 17 Jan: The Australian Medical Association (AMA) has raised concerns about the diminishing value of private health insurance for Australians. In its annual Private Health Insurance Report Card, the AMA highlights that the system is increasingly failing to provide value for money to the approximately 15 million Australians holding private health insurance policies. - read more
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| Australian Insurers Embrace Innovation to Combat Natural Hazard Risks Sat, 17 Jan: The Australian insurance market is witnessing a transformative shift as insurers adopt innovative solutions to address the escalating risks associated with natural hazards. The inaugural Property Catastrophe and Climate Governance Report by Global Insurance Law Connect highlights several key developments aimed at enhancing resilience and closing the protection gap. - read more
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| Non-Bank Lenders: A Pillar of Australia's Housing Finance Sat, 17 Jan: The Australian Finance Industry Association (AFIA) has recently published a comprehensive report shedding light on the significant role that residential mortgage non-bank lenders (RNBLs) play in facilitating home ownership across Australia. This inaugural report underscores the integral position these lenders occupy within the nation's housing finance ecosystem. - read more
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| National AI Plan: A Catalyst for Australia's Finance Sector Sat, 17 Jan: The Australian Finance Industry Association (AFIA) has expressed strong support for the Albanese Government's recently unveiled National AI Plan, recognizing it as a significant step toward harnessing the transformative potential of artificial intelligence (AI) within the finance sector. This strategic initiative aims to unlock an estimated $60 billion in finance-led AI opportunities, positioning Australia at the forefront of technological innovation in financial services. - read more
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| Enhanced Access to Home Ownership: Expansion of the 5% Deposit Scheme Sat, 17 Jan: In a significant move to bolster home ownership opportunities, Housing Australia has announced the expansion of its lender panel for the Australian Government's 5% Deposit Scheme. This initiative is set to increase competition among lenders and provide prospective homebuyers with a broader array of choices when seeking financing options. - read more
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| First Home Guarantee Scheme Expansion Brought Forward to October 2025 Sat, 17 Jan: In a significant move to support first-time home buyers, the Australian Government has announced that the expansion of the First Home Guarantee Scheme (FHGS) will commence on 1 October 2025, three months earlier than initially planned. This acceleration aims to provide immediate assistance to Australians striving to enter the property market. - read more
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| Labor Government Announces $10 Billion Investment in 100,000 New Homes for First-Time Buyers Sat, 17 Jan: In a bold initiative to tackle housing affordability, the Labor Government has pledged a $10 billion investment to construct 100,000 new homes exclusively for first-time buyers. This commitment is part of a broader strategy to make home ownership more attainable for Australians entering the property market. - read more
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| First Home Buyer Loans Plummet to Five-Year Low in January Sat, 17 Jan: Recent data from the Australian Bureau of Statistics (ABS) indicates a significant decline in first home buyer loans, reaching a five-year low in January. This downturn raises concerns about the accessibility of the housing market for new entrants and prompts an examination of the underlying factors contributing to this trend. - read more
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| Insuregroup's Remarkable Growth Reflects Surge in Truck Insurance Demand Fri, 16 Jan: Insuregroup, a specialist insurance brokerage serving Australia's transport and logistics sector, has recently announced a significant milestone: processing over 10,000 insurance policies since its inception, with a 25% increase in policy volume over the past year. This growth underscores the escalating demand for comprehensive truck insurance solutions tailored to the unique needs of Australian freight operators. - read more
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| Envest Group Unveils TLI Underwriting: A New Era for Heavy Motor Fleet Insurance Fri, 16 Jan: Envest Group, a prominent player in Australia's insurance sector, has announced the launch of TLI Underwriting, a new agency dedicated to providing specialised insurance solutions for heavy motor fleet operators. This strategic move aims to address the unique challenges faced by larger transport businesses in Australia. - read more
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| Telematics Revolutionises Australian Motor Fleet Insurance Landscape Fri, 16 Jan: The Australian motor fleet insurance sector is witnessing a significant shift as more fleet operators adopt telematics technology to enhance safety measures and reduce insurance premiums. This trend is particularly evident among larger fleets, especially within the resources sector, where operational risks and compliance demands are notably high. - read more
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| Australian Insurers Report Record Profits Following Premium Increases Fri, 16 Jan: Australia's insurance sector has reported a substantial 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 significant increase in profitability coincides with notable hikes in insurance premiums across various categories. - read more
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| Australian Consumers Confront Unexplained Insurance Premium Increases Fri, 16 Jan: Many Australian consumers are experiencing substantial increases in their insurance premiums, often without clear explanations from their providers. Reports indicate that some policyholders have faced premium hikes of 30% to 50%, with instances of increases reaching several hundred percent. - read more
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| Rising Insurance Costs in Northern Australia Challenge Homeowners Fri, 16 Jan: Homeowners in Northern Australia are encountering rising insurance premiums, despite the establishment of a cyclone reinsurance pool intended to reduce costs. The Australian Competition and Consumer Commission (ACCC) reports that median home and contents premiums in the Northern Territory increased by 11% during 2023. - read more
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| Isuzu Australia Introduces Comprehensive Financial Services for Truck Buyers Fri, 16 Jan: Isuzu Australia Limited (IAL) has announced the establishment of Isuzu Financial Services Australia (IFSA), a new finance and leasing company set to commence operations in the third quarter of 2026. This initiative marks the first time the Isuzu Group has founded a leasing company outside Japan, reflecting a significant commitment to the Australian market. - read more
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| CEFC and Volvo Group Collaborate to Boost Electric Truck Adoption in Australia Fri, 16 Jan: The Clean Energy Finance Corporation (CEFC) has partnered with Volvo Group to introduce a $70 million financing package aimed at accelerating the adoption of heavy-duty battery electric trucks (HD BEVs) in Australia. This initiative seeks to address the substantial transport-related emissions by facilitating the transition to cleaner vehicle technologies. - read more
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| Australian Truck Market Demonstrates Resilience Amid Economic Headwinds Fri, 16 Jan: The Australian truck market has exhibited remarkable resilience in 2025, despite facing economic challenges and a decline in sales figures. According to the Truck Industry Council (TIC), November saw a 12% decrease in truck sales compared to the same month in 2024. However, the market is still on track to achieve its third-best year on record. - read more
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| Markel Introduces Tailored Professional Indemnity Insurance for Australian Businesses Fri, 16 Jan: In a significant development for the Australian insurance market, Markel, a US-based specialty insurer, has launched professional indemnity (PI) insurance products tailored specifically for Australian businesses. This strategic move comes in response to a notable reduction in PI insurance capacity over recent years, leaving many professionals seeking reliable coverage options. - read more
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| APRA Data Highlights Rising Costs in Public Liability and Professional Indemnity Insurance Fri, 16 Jan: The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, shedding light on the escalating costs associated with public liability and professional indemnity (PI) insurance in Australia. The data indicates a substantial rise in premiums and claims expenses, posing financial challenges for businesses across various sectors. - read more
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| Gallagher Warns Builders of Legal Changes Affecting Professional Indemnity Insurance in NSW Fri, 16 Jan: Insurance broker Gallagher has issued a cautionary note to builders in New South Wales (NSW) regarding significant legal changes that are reshaping professional indemnity (PI) insurance requirements. These developments stem from the state's Design and Building Practitioners Act 2020 (DBP Act) and a pivotal High Court ruling in the Pafburn strata defects case. - read more
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| Strata Insurance Premiums Hold Steady as House Insurance Costs Surge Fri, 16 Jan: In the face of escalating house insurance premiums, strata insurance in Australia has demonstrated remarkable stability, according to the 2025 State of the Strata Market report released by CHU, the nation's leading strata insurance underwriting agency. The report reveals that strata insurance premiums have experienced a modest increase of 2.8% over the past year, rising from $954 to $981 per lot annually. - read more
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| ICA Advocates for Strata Law Reforms to Mitigate Rising Insurance Costs in Victoria Fri, 16 Jan: The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, 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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| Queensland Strata Owners Urged to Act on Cyclone Mitigation Measures for Insurance Savings Fri, 16 Jan: Strata property owners in North and Central Queensland are being encouraged to take advantage of new federal and state initiatives designed to reduce insurance premiums through approved cyclone mitigation activities. Following regulatory updates to the Cyclone Reinsurance Pool effective April 1, strata buildings in eligible regions can now receive insurance premium reductions when undertaking structural reinforcements such as storm-resistant windows, upgraded roofing, and compliant external doors. - read more
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| Allianz Australia Penalised for Misleading Travel Insurance Information Thu, 15 Jan: In a significant ruling, the Supreme Court of New South Wales has imposed fines totaling $16.8 million on Allianz Australia Insurance and its subsidiary, AWP Australia, for disseminating misleading information about their travel insurance products between 2016 and 2018. This decision underscores the critical importance of transparency and accuracy in the insurance sector. - read more
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| Surge in Medical Claims Among Australian Travellers Highlights Importance of Comprehensive Insurance Thu, 15 Jan: In 2024, medical incidents emerged as the leading cause of travel insurance claims among Australian travellers, accounting for more than 40% of all claims handled by nib Travel. This trend underscores the critical importance of securing comprehensive travel insurance to mitigate the financial risks associated with medical emergencies abroad. - read more
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| Seafood Business Wins Insurance Dispute Over Storm-Induced Power Outage Thu, 15 Jan: A recent ruling by the Australian Financial Complaints Authority (AFCA) has significant implications for businesses seeking insurance compensation for losses due to power outages caused by natural disasters. In this case, a seafood distribution company experienced substantial stock losses when a storm-induced power outage left its refrigeration systems inoperable for a week. The insurer initially denied the claim, citing a flood exclusion clause. - read more
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| Insurance Council Advocates for Liability Law Overhaul to Curb Rising Premiums Thu, 15 Jan: The Insurance Council of Australia (ICA) has called for urgent reforms to civil liability laws to address the escalating costs of liability insurance premiums affecting businesses nationwide. In a recently released white paper, the ICA highlights the need to review state-based civil liability laws that have remained unchanged for nearly 25 years. The report identifies key areas requiring attention, including psychological injuries, worker-to-worker claims, and leisure and recreational risks. - read more
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| LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year Wed, 14 Jan: In a remarkable demonstration of Australia's thriving asset finance sector, Loan Market Group's Asset Finance Exchange (AFX) has reported approximately $80 million in settlements within its inaugural year. This achievement underscores the platform's effectiveness in connecting brokers and asset finance specialists, thereby streamlining the financing process for clients. - read more
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| AMMF Partners with AFG to Enhance Asset Finance Offerings Wed, 14 Jan: Australian Motorcycle & Marine Finance (AMMF) has joined the Australian Finance Group (AFG) panel, marking a significant expansion in asset finance options available to Australian brokers and their clients. This partnership is set to provide more tailored financing solutions for individuals interested in acquiring motorcycles, marine products, and related accessories. - read more
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| LMG's Asset Finance Exchange Achieves $80 Million in First Year Wed, 14 Jan: Loan Market Group's Asset Finance Exchange (AFX) has achieved a significant milestone, reporting approximately $80 million in settlements within its inaugural year. This accomplishment underscores the platform's effectiveness in connecting brokers and asset finance specialists, thereby streamlining the financing process for clients. - read more
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| ACT Government Unveils $50 Million ACTivate Capital Fund to Boost Canberra Startups Wed, 14 Jan: The Australian Capital Territory (ACT) Government has recently announced the launch of ACTivate Capital, a $50 million fund designed to support the commercialisation of local research and foster the growth of Canberra-based startups. This initiative underscores the government's commitment to nurturing innovation and entrepreneurship within the region. - read more
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| Macquarie Group Invests in Brennan to Strengthen IT Service Offerings Wed, 14 Jan: In a strategic move to bolster its technology capabilities, Macquarie Group has acquired a minority stake in Brennan, a leading Australian IT services company. This partnership signifies Macquarie's commitment to enhancing its technological infrastructure and service offerings to better support Australian businesses. - read more
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| Midkey Raises $100 Million to Assist Homeowners with Cash Flow Solutions Wed, 14 Jan: Sydney-based financial services scale-up, Midkey, has successfully secured $100 million in funding to support homeowners experiencing cash flow constraints. This substantial capital injection is set to enhance Midkey's ability to offer tailored loan solutions, providing much-needed financial relief to individuals navigating economic challenges. - read more
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| Snowy River Caravans Introduces Instant Financing with MONEYME Partnership Wed, 14 Jan: In an exciting development for Australian caravan enthusiasts, Snowy River Caravans has partnered with digital lender MONEYME to offer instant financing options through the Autopay platform. This collaboration aims to streamline the purchasing process, allowing customers to secure financing and drive away with their new caravan in as little as 60 minutes. - read more
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| Zone RV's Financial Collapse Unveils $40 Million Debt Wed, 14 Jan: The Australian caravan industry has been shaken by the recent collapse of luxury manufacturer Zone RV, which has left 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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| Crusader Caravans Teams Up with BIG4 Holiday Parks to Offer Exclusive Benefits Wed, 14 Jan: In a move set to enhance the Australian caravanning experience, Crusader Caravans has partnered with BIG4 Holiday Parks to offer new caravan buyers exclusive benefits. This collaboration aims to provide added value to customers and encourage more Australians to explore the country's vast landscapes. - read more
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| Australian Insurers See Profit Surge in Q3 2025 Wed, 14 Jan: In the third quarter of 2025, Australian general insurers reported a significant after-tax profit of nearly AUD 2.3 billion, marking an increase from approximately AUD 2.1 billion in the same period of 2024. This uptick reflects a combination of rising premium revenues and a reduction in claims, contributing to the industry's robust financial performance. - read more
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| Navigating the Escalating Insurance Risks for Australian Businesses Wed, 14 Jan: Australian businesses are currently navigating a complex landscape of escalating insurance risks, influenced by factors such as increased litigation, technological advancements, supply chain disruptions, and climate-related events. These challenges necessitate a proactive approach to risk management and insurance coverage. - read more
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| Positive Shifts in Australia's D&O Insurance Market in 2025 Wed, 14 Jan: The directors and officers' (D&O) insurance market in Australia has experienced a positive shift in 2025, offering more opportunities for well-managed businesses to protect their boards and senior managers. This development is largely driven by increased competition, particularly from offshore insurance markets, prompting Australian insurers to reassess their risk rating criteria to remain competitive. - read more
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| Suncorp Group Divests Banking Operations to ANZ Wed, 14 Jan: Suncorp Group has successfully completed the sale of its banking arm, Suncorp Bank, to the Australia and New Zealand Banking Group (ANZ). This strategic move, finalized on 31 July 2024, follows approvals from the Australian Competition Tribunal and the Federal Treasurer, marking a significant transformation in Suncorp's business model. - read more
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| IAG's NextGen Program Opens Doors for Future Insurance Professionals Wed, 14 Jan: Insurance Australia Group (IAG) has launched the second iteration of its NextGen Ambition Program, an innovative initiative designed to provide high school graduates with a pathway into the insurance industry without the necessity of a university degree. This year-long program offers full-time, paid work experience across various facets of IAG's Intermediated Insurance Australia division, which includes leading brands such as CGU and WFI Insurance. - read more
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| Allianz Australia Penalised for Misleading Insurance Practices Wed, 14 Jan: In a significant development for the Australian insurance sector, Allianz Australia and its subsidiary, AWP Australia, have been fined $16.8 million for making false and misleading statements. This penalty, imposed by the Commonwealth Director of Public Prosecutions following an investigation by the Australian Securities & Investments Commission (ASIC), underscores the critical importance of transparency and honesty in insurance communications. - read more
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| ASIC's Review Highlights Concerns in Car Finance Practices Tue, 13 Jan: 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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| Australian Used Hybrid Car Sales Experience Significant Growth Tue, 13 Jan: The Australian used car market is witnessing a notable surge in hybrid vehicle sales, reflecting a growing consumer inclination towards sustainable and practical transportation options. - read more
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| Commonwealth Bank's AI Assistant Revolutionizes Car Market Price Discovery Tue, 13 Jan: 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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| AUSactive and Health Partners Collaborate to Enhance Fitness Service Accessibility Tue, 13 Jan: AUSactive, Australia's peak body for the exercise and active health sector, has announced a significant partnership with Health Partners, a not-for-profit health fund with over 85 years of service to South Australians. This collaboration recognises eligible AUSactive Personal Trainers and fitness businesses as approved providers, allowing Health Partners members to claim benefits for personal training sessions, classes, and gym memberships under their Extras policy when part of a medically necessary health management plan. - read more
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| AIA Australia Teams Up with Peloton and Specialized to Encourage Active Lifestyles Tue, 13 Jan: AIA Australia, a leading life, health, and wellbeing insurer, has announced partnerships with global fitness company Peloton and premium cycling brand Specialized. These collaborations aim to provide AIA Vitality members with significant discounts and incentives to promote cycling, both at home and outdoors. - read more
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| Australian Insurers Achieve Record Profits Amid Rising Premiums Tue, 13 Jan: In 2024, Australia's insurance sector reported an after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is primarily attributed to substantial premium hikes and a relatively calm year concerning natural disasters. - read more
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| Government Consultancy Contracts Near $1 Billion Amid Outsourcing Reduction Efforts Tue, 13 Jan: Recent research indicates that the Australian federal government signed contracts worth nearly $1 billion with consultancy firms in the last financial year, marking a 48% increase from the previous year. This development comes despite the government's commitment to reduce reliance on external consultants. - read more
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| Construction Cost Surge and Labour Shortages Reshape Australian Insurance Claims Tue, 13 Jan: The Australian insurance industry is currently navigating a challenging landscape shaped by escalating construction costs and persistent labour shortages. These factors are significantly influencing the nature and volume of insurance claims, particularly within the construction sector. - read more
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| NSW Court Decision Heightens Builders' Liability for Defects Tue, 13 Jan: In a landmark decision, the New South Wales Court of Appeal has significantly altered the landscape of construction liability, particularly concerning builders' responsibilities for defects. The case, known as Pafburn, has removed the previously relied-upon proportionate liability defence, thereby increasing the accountability of builders and developers for construction defects. - read more
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| Understanding APRA's New Cap on High Debt-to-Income Loans Mon, 12 Jan: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating financial risks associated with high debt-to-income (DTI) loans. Effective from 1 February 2026, APRA will implement a 20% cap on new loans where the borrower's debt exceeds six times their income. This measure applies to both owner-occupied and investor loans, reflecting a proactive approach to maintaining financial stability in the housing market. - read more
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| Housing Costs Continue to Top Financial Concerns for Australians in 2026 Mon, 12 Jan: According to Canstar's latest Consumer Pulse Report, the cost of housing remains the foremost financial concern for Australians as they head into 2026. Despite three cash rate cuts in the past year, 21% of Australians identify housing expenses, including mortgages and rents, as their primary financial worry. This marks the fourth consecutive year that housing costs have topped the list of financial concerns, with the percentage more than doubling over the past five years. - read more
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| The Rise of Digital Lenders in Australia's Personal Loan Market Mon, 12 Jan: The Australian personal loan market is undergoing a significant transformation, with digital lenders now accounting for over 40% of new loan originations. This shift is driven by the rapid digitalisation of loan processes, offering borrowers faster approvals and broader eligibility criteria. - read more
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| Coalition's Plan to Ease Home Loan Approval Criteria Mon, 12 Jan: The Coalition has announced a proposal to relax home lending rules, aiming to make it easier for first-time buyers to enter the housing market. This initiative focuses on adjusting the Australian Prudential Regulation Authority's (APRA) serviceability buffer, which currently requires banks to assess borrowers' ability to repay loans at an interest rate 3% higher than the actual loan rate. - read more
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| APRA's New Cap on High Debt-to-Income Home Loans Mon, 12 Jan: The Australian Prudential Regulation Authority (APRA) has announced a new policy to limit high-risk lending practices in the housing market. Effective from February 2026, banks will be restricted to issuing no more than 20% of new home loans to borrowers whose debt-to-income (DTI) ratio exceeds six times their annual income. This measure aims to curb the growth of highly leveraged mortgages amid rapidly rising property prices and increasing household debt levels. - read more
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| RBA Reports Significant Growth in Business and Home Lending Mon, 12 Jan: The Reserve Bank of Australia (RBA) has released data indicating a substantial acceleration in both business and home lending as of December 2025. Business credit growth reached 8.9%, marking the highest rate since May 2023, while investor housing credit surged to 5.1%, the highest since December 2022. Owner-occupied mortgage lending also maintained a strong growth rate of 5.7%, reflecting sustained demand in the housing market. - read more
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| Zone RV's Financial Collapse Exposes $40 Million Debt Mon, 12 Jan: The recent collapse of luxury caravan manufacturer Zone RV has sent shockwaves through the Australian caravan industry. Based in Coolum on Queensland's Sunshine Coast, the company entered voluntary administration, revealing debts amounting to approximately $40 million. This development has left around 240 employees unemployed and approximately 180 customers uncertain about the status of their purchases. - read more
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| Multiple Collapses Shake Australian Caravan Manufacturing Industry Mon, 12 Jan: The Australian caravan manufacturing industry is currently facing a series of company collapses, raising concerns about the sector's stability and future. The recent voluntary administration of Zone RV, a luxury caravan manufacturer based in Coolum, Queensland, is the latest in a string of closures that have left customers and employees in uncertain positions. - read more
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| ASIC's Review Highlights Concerns in Car Finance Practices Mon, 12 Jan: 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 responsible lending practices. The findings indicate that some consumers are being subjected to exorbitant fees and are defaulting on their loans shortly after approval. - read more
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| Allied Credit Strengthens Position with Macquarie Loan Acquisition Mon, 12 Jan: In a significant development within the Australian financial sector, Allied Credit has announced the acquisition of a substantial portion of Macquarie Group's car loan portfolio, valued at $1.5 billion. This strategic move is set to bolster Allied Credit's position in the car finance market and expand its customer base. - read more
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| ASIC's Review Focuses on Car Finance Practices in Regional and First Nations Communities Mon, 12 Jan: The Australian Securities and Investments Commission (ASIC) has initiated a comprehensive review of the motor vehicle finance sector, with a particular focus on practices affecting consumers in regional and remote areas, including First Nations communities. This initiative seeks to enhance consumer protections and ensure fair lending practices across all demographics. - read more
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| Delays in Australia's Strategic Fleet Initiative Raise Maritime Security Concerns Mon, 12 Jan: The Australian government's plan to establish a strategic fleet of Australian-flagged ships has encountered significant delays, missing its initial deadline to announce the first vessels. This fleet is intended to bolster the nation's maritime resilience by providing vessels that can be requisitioned during crises or emergencies. The delay has sparked concerns among industry experts about Australia's growing vulnerabilities in trade and national security. - read more
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| Chinese Naval Exercises in Tasman Sea Spark Regional Security Discussions Mon, 12 Jan: Between 21 February and 9 March 2025, the People's Liberation Army Navy (PLAN) of China conducted live-fire exercises in the Tasman Sea, within Australia's exclusive economic zone. The unannounced drills involved a three-ship task group and disrupted several international flights between Australia and New Zealand, raising significant regional security concerns. - read more
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| Prolonged Algal Bloom in South Australia Devastates Marine Life and Local Industries Mon, 12 Jan: Since March 2025, South Australia has been grappling with a harmful algal bloom (HAB) that has severely impacted marine life and local industries. The bloom, primarily consisting of the dinoflagellate Karenia mikimotoi, has led to mass fish deaths and posed significant challenges to the fishing and tourism sectors. - read more
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| Queensland Integrates Heavy Vehicle Compliance with National Regulator Mon, 12 Jan: In a significant move towards regulatory uniformity, Queensland has transitioned its heavy vehicle compliance responsibilities to the National Heavy Vehicle Regulator (NHVR). This change, effective from February 19, 2024, positions Queensland alongside New South Wales, South Australia, Victoria, Tasmania, and the Australian Capital Territory in adopting a cohesive approach to heavy vehicle oversight. - read more
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| Elevated Road Risks Amid Holiday Freight and Travel Surge Mon, 12 Jan: As the Australian summer school holidays approach, a convergence of increased holiday travel and peak freight activity is raising concerns among insurers and transport specialists about heightened road risks. This period sees a significant uptick in both passenger vehicles and heavy trucks on the roads, amplifying the potential for accidents and necessitating heightened vigilance among all road users. - read more
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| Growing Collision Risks Challenge Australian Fleet Operators Mon, 12 Jan: Australia's transport and haulage sector is currently navigating a period of heightened operational risk, marked by an uptick in both the frequency and severity of motor collision claims. This trend underscores the pressing need for fleet operators to adopt proactive risk management strategies and leverage advanced insurance solutions to safeguard their operations. - read more
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| Australian Mortgage Market Reaches Record $2.41 Trillion Amid Rising Property Prices Sun, 11 Jan: In November 2025, Australia's residential mortgage market achieved a new milestone, with authorised deposit-taking institutions (ADIs) collectively holding $2.41 trillion in home loans. This represents a 0.67% increase over the month and a 6.36% rise over the preceding year, as reported by the Australian Prudential Regulation Authority (APRA). - read more
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| APRA Implements Cap on High Debt-to-Income Home Loans to Safeguard Financial Stability Sun, 11 Jan: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating emerging risks in the housing market. Effective February 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. This measure applies to both owner-occupier and investor loans, excluding new housing developments. - read more
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| Australian Home Prices Hit Record Highs in December 2025 Sun, 11 Jan: In December 2025, Australia's housing market reached a new peak, with the national median home price climbing to $880,000, reflecting an 8.8% increase compared to the previous year. This growth was driven by varying performances across different regions, with regional areas outperforming capital cities. - read more
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| Australian Boating Industry Sees Significant Growth Amidst Economic Challenges Sun, 11 Jan: The Boating Industry Association (BIA) has released its latest State of the Industry Data Report, revealing a noteworthy national turnover of $10.12 billion for the fiscal year 2023-24. This represents a 5% increase from the previous year, underscoring the sector's resilience and growth despite recent economic uncertainties. - read more
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| Calls for Super Funds to Accelerate Mental Health Insurance Claims Processing Sun, 11 Jan: Consumer advocates are raising concerns over significant delays in processing mental health-related insurance claims by Australian superannuation funds. As mental health conditions become a leading cause of total and permanent disability (TPD) claims, the efficiency of claim processing has come under scrutiny. - read more
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| GT Insurance Provides Flexible Solutions Amid Global Trade Shifts Sun, 11 Jan: 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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| Northern Australian Marinas Struggle with Rising Insurance Costs Sun, 11 Jan: 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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| Significant Rise in Australian Home Insurance Premiums in 2025 Sun, 11 Jan: In 2025, Australian homeowners experienced a substantial increase in home and contents insurance premiums, with the average annual premium rising by 14%, equating to an additional $343. This surge has placed a significant financial burden on many households, prompting concerns about the affordability and accessibility of essential insurance coverage. - read more
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| Australian Insurers Under Fire for Steep Premium Increases Amid Record Profits Sun, 11 Jan: In recent times, Australian insurers have come under intense scrutiny for implementing substantial premium increases, with some homeowners experiencing hikes of up to 600%. This trend has sparked widespread concern among consumers and advocacy groups, especially in light of the industry's record profits. - read more
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| ASIC Initiates Legal Proceedings Against Australian Super for Claim Delays Sat, 10 Jan: The Australian Securities and Investments Commission (ASIC) has initiated legal action against Australian Super, the nation's largest superannuation fund, alleging significant delays in processing nearly 7,000 death benefit claims. These delays, some extending up to four years, have raised serious concerns about the efficiency and fairness of the fund's claims handling processes. - read more
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| Australian Insurers Face Challenges in Risk Preparedness Sat, 10 Jan: Recent findings from PwC's Insurance Banana Skins Survey indicate that Australian insurers are trailing behind their global counterparts in preparedness for emerging risks, particularly in areas such as cybersecurity and artificial intelligence (AI). - read more
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| Insurance News to Host Third Annual Conference in Sydney Sat, 10 Jan: Insurance News has announced its third annual conference, scheduled to take place in Sydney on March 19, 2026. This full-day event aims to provide attendees with comprehensive insights into current market trends, industry pressures, and emerging opportunities within the insurance sector. - read more
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| Rising Home Insurance Costs Amid Climate Change Concerns Sat, 10 Jan: Australians are facing escalating home insurance premiums, with climate change playing a significant role in this upward trend. Insurance Australia Group (IAG) has highlighted that the increasing frequency and severity of weather events are contributing to higher costs for homeowners. - read more
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| Australian Banks Predict Interest Rate Increases in 2026 Fri, 09 Jan: As 2026 approaches, Australia's major banks have released forecasts indicating potential interest rate hikes, sparking concerns about a renewed cost of living crisis. The 'big four' banks—Commonwealth Bank, National Australia Bank (NAB), Westpac, and ANZ—have dismissed the likelihood of rate cuts in the coming year, with some predicting increases as early as February. - read more
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| Wisr's New Secured Motorbike Loans: A Game-Changer for Australian Riders Fri, 09 Jan: Australian fintech lender Wisr has expanded its product range by introducing secured motorbike loans, aiming to cater to the growing demand for flexible vehicle financing options among Australian riders. This strategic move allows customers to use their motorbikes as collateral, potentially accessing more favourable interest rates compared to unsecured loans. - read more
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| MotorCycle Holdings Achieves Record-Breaking Revenue in FY2025 Fri, 09 Jan: MotorCycle Holdings Limited, Australia's largest motorcycle retailer, has reported a record sales revenue of $650 million for the financial year 2025, marking an 11.6% increase from the previous year. This achievement underscores the company's strategic initiatives and resilience in a challenging market. - read more
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| KTM's €600 Million Lifeline: A New Chapter for the Austrian Motorcycle Giant Fri, 09 Jan: 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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| Non-Bank Lenders Capture 26% of SME Loan Market Fri, 09 Jan: In recent years, non-bank lenders have significantly increased their presence in the Australian small and medium-sized enterprise (SME) financing sector. As of early 2025, these lenders account for 26% of smaller loans to SMEs, marking a notable shift in the financial landscape. - read more
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| Australian SMEs Navigate Cashflow Struggles Amid Cost Increases Fri, 09 Jan: Australian small and medium-sized enterprises (SMEs) are currently grappling with significant cashflow challenges, primarily driven by rising operational costs. Factors such as increased wages, inflation, and higher interest rates have placed considerable strain on these businesses, affecting their financial stability and growth prospects. - read more
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| Rural Affinity and Munich Re Strengthen Agricultural Insurance in Australia Fri, 09 Jan: In a significant development for Australia's agricultural sector, Rural Affinity has renewed its partnership with Munich Re Specialty – Global Markets under a new five-year agreement. This collaboration, which began in 2006, is set to enhance the availability and scope of agricultural insurance products across the country. - read more
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| WFI Insurance Highlights Significant Drop in Farm Liability Claims Fri, 09 Jan: WFI Insurance has reported a notable decrease in farm liability claims across most categories, signaling a positive trend in safety practices within the Australian agricultural sector. The insurer observed a 75% reduction in falls from height over the past year, alongside a 30% decline in impact injuries, marking the lowest level in four years. - read more
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| Elders Insurance Highlights Increased Summer Storm Risks for Farmers Fri, 09 Jan: Elders Insurance is urging Australian farmers to prepare for another damaging summer, with claims data revealing the scale and financial impact of storm activity across the country's agricultural regions. Analysis of storm-related farm insurance property claims over the last two years indicates that summer accounts for the highest number of claims nationally. - read more
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| Westpac's Bold Move: Prioritising Business Lending in New Strategy Fri, 09 Jan: Westpac Banking Corporation is undertaking a significant transformation, focusing on expanding its business lending capabilities to better serve Australia's small and medium-sized enterprises (SMEs). This strategic shift involves replacing traditional in-branch tellers with dedicated bankers specialising in home and business lending, aiming to provide more personalised and efficient services to business clients. - read more
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| LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year Fri, 09 Jan: 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). - read more
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| ASIC Advocates for Higher Standards in Private Lending Industry Fri, 09 Jan: The Australian Securities and Investments Commission (ASIC) has issued a call for the private lending sector to elevate its standards, aiming to align more closely with established banking practices. This initiative follows a comprehensive review that revealed inconsistencies in reporting, opaque fee structures, and inadequate risk disclosures within the industry. - read more
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| APRA Implements Cap on High Debt-to-Income Home Loans Fri, 09 Jan: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change to address emerging 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 portfolios. This proactive measure aims to curb potential financial instability arising from escalating property prices and increased credit growth. - read more
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| ASIC Investigates Private Lending Sector Amid Rapid Expansion Fri, 09 Jan: The Australian Securities and Investments Commission (ASIC) has intensified its scrutiny of the private lending sector, following a period of rapid growth and increasing investor interest. This move comes in response to concerns about transparency, risk management, and the potential impact on the broader financial system. - read more
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| Investor Lending Reaches New Heights in Australia's Housing Market Fri, 09 Jan: Australia's housing market is witnessing a significant surge in investor lending, with recent data indicating that investors now account for two in every five new home loans. This trend has raised concerns about housing affordability and the potential for market instability. - read more
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| LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year Fri, 09 Jan: In a remarkable demonstration of Australia's expanding asset finance sector, Loan Market Group's Asset Finance Exchange (AFX) has reported settlements totaling approximately $80 million within its first year of operation. This achievement underscores the platform's effectiveness in connecting mortgage brokers with asset finance specialists, thereby facilitating substantial business growth. - read more
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| Valiant Finance Facilitates Over $2.5 Billion in Loans to Australian SMEs Fri, 09 Jan: Valiant Finance, an Australian business finance marketplace established in 2015, has achieved a significant milestone by facilitating over $2.5 billion in loans to more than 20,000 small and medium-sized enterprises (SMEs) across the country. This accomplishment underscores the growing reliance on digital platforms for business financing solutions. - read more
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| ANZ Receives $2 Billion Government Guarantee to Sustain Pacific Operations Fri, 09 Jan: In a strategic initiative to bolster its presence in the Pacific region, ANZ has secured a A$2 billion loan guarantee from the Australian government. This 10-year agreement aims to ensure the bank's continued operation of its Pacific branch network, serving as a countermeasure to growing regional influences. - read more
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| Peter Stevens Motorcycles Faces Financial Turmoil with Massive Debt Fri, 09 Jan: In a significant development for the Australian motorcycle industry, Peter Stevens Motorcycles, a cornerstone of the sector since 1970, has entered voluntary administration. The company faces debts exceeding $65.9 million, a situation that casts uncertainty over the future of its 400 employees and numerous customers. - read more
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| Insuregroup Achieves Significant Milestone in Truck Insurance Policies Fri, 09 Jan: Insuregroup, a specialist insurance brokerage serving Australia's transport and logistics sector, has recently achieved a significant milestone by processing over 10,000 insurance policies since its inception. This accomplishment includes a 25% year-on-year increase in policy count, highlighting the escalating demand for comprehensive truck insurance solutions among Australian freight operators. - read more
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| Queensland Aligns with National Heavy Vehicle Regulator Fri, 09 Jan: In a significant move towards regulatory consistency, Queensland has transferred its heavy vehicle compliance responsibilities to the National Heavy Vehicle Regulator (NHVR). This transition aligns Queensland with New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory, all of which have already integrated their heavy vehicle regulations under the NHVR's oversight. - read more
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| Celebrating Excellence: Finalists Announced for 21st Australian Insurance Industry Awards Fri, 09 Jan: The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has unveiled the finalists for the 21st Australian Insurance Industry Awards, set to take place on Thursday, 21 August 2025, at the Star Event Centre in Sydney. These prestigious awards honour the outstanding achievements of individuals and organisations across the entire insurance value chain, highlighting the depth of talent, innovation, and dedication within the industry. - read more
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| Allianz Australia Penalised $16.8 Million for Misleading Conduct Fri, 09 Jan: In a significant regulatory action, Allianz Australia and its subsidiary AWP Australia have been fined $16.8 million for making false and misleading statements. The Commonwealth Director of Public Prosecutions imposed the fines following an investigation and referral by the Australian Securities and Investments Commission (ASIC). - read more
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| Suncorp Directed to Reassess 60% Home Insurance Premium Increase Fri, 09 Jan: The Australian Financial Complaints Authority (AFCA) has directed Suncorp to reassess a 60% increase in a customer's home insurance premium after the insurer failed to provide persuasive evidence justifying the hike. This decision comes amid a backdrop of rising complaints about general insurers, with AFCA reporting record levels of grievances. - read more
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| Surge in Private Market Investments by Australian Super Funds Fri, 09 Jan: Australian superannuation funds have significantly increased their investments in private markets, reaching a total of $400 billion. This represents a 34% growth over the two years leading up to June 2024, according to an analysis by Rainmaker Information of data from the Australian Prudential Regulation Authority (APRA). - read more
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| HESTA Achieves Over $10 Billion in Investment Returns for 2025 Fri, 09 Jan: HESTA, one of Australia's prominent superannuation funds, has reported impressive investment returns exceeding $10 billion for the year 2025. This achievement underscores the fund's strong performance and its commitment to delivering substantial benefits to its members. - read more
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| ATO Implements Travel Bans for Unpaid Superannuation Obligations Fri, 09 Jan: The Australian Taxation Office (ATO) has introduced stringent measures to enforce compliance with unpaid tax and superannuation obligations, including the implementation of travel restrictions. This initiative aims to ensure that individuals and businesses meet their financial responsibilities to the Australian community. - read more
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| Significant Rise in First-Home Buyer Guarantees Reflects Market Demand Fri, 09 Jan: Recent government data indicates a substantial 48% increase in first-home buyer guarantees, with 5,778 guarantees issued in October 2025 compared to the previous year. This surge suggests a growing confidence among first-time buyers, despite ongoing affordability challenges. - read more
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| Escalating Property Prices Lead to Financial Challenges for First-Home Buyers Fri, 09 Jan: According to Finder's First Home Buyer Report 2025, nearly half (47%) of first-time home buyers spent more than they had initially budgeted, a significant increase from 38% in 2022. This trend underscores the mounting financial pressure on new homeowners as property prices continue to rise. - read more
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| Interest Rate Cuts Drive First-Home Buyers Towards New Builds Fri, 09 Jan: The Reserve Bank's recent rate cuts, bringing the cash rate down to 3.85%, have provided relief to mortgage holders and increased borrowing capacity for home seekers. This development has led to a notable shift among first-home buyers towards new builds as a strategy to navigate the competitive property market. - read more
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| Australia's Strata Property Market Surpasses $1.4 Trillion in Value Thu, 08 Jan: Recent industry reports reveal that the insured value of strata properties in Australia has reached an estimated $1.4 trillion. This significant milestone underscores the growing prominence of strata living, with approximately 4.2 million Australians—about 15% of the population—residing in such properties. This marks an increase of 200,000 residents since 2022. - read more
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| Netstrata's Insurance Practices Raise Concerns Over Excessive Fees Thu, 08 Jan: Recent developments have brought to light concerns regarding the insurance practices of Netstrata, a prominent strata management firm in Australia. Clients have reported the sudden appearance of past insurance invoices in their online portals, revealing brokerage fees significantly higher than industry norms. - read more
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| Steadfast Group Under Investigation for Alleged Misleading Practices Thu, 08 Jan: Steadfast Group, Australia's largest general insurance broker network, has recently come under scrutiny following allegations of misleading clients through undisclosed financial arrangements. These claims have prompted the company to suspend trading on the Australian Stock Exchange, leading to a significant decline in its share price. - read more
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| Queensland Aligns Heavy Vehicle Compliance with National Regulator Thu, 08 Jan: In a significant move towards regulatory consistency, Queensland has transferred its heavy vehicle compliance responsibilities to the National Heavy Vehicle Regulator (NHVR). This transition aligns Queensland with New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory, all of which have already integrated their heavy vehicle regulations under the NHVR's oversight. - read more
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| Australian Insurers Falling Behind in Cyber Risk Readiness Thu, 08 Jan: Recent findings from PwC's Insurance Banana Skins Survey indicate that Australian insurers are trailing their global counterparts in preparedness for cyber threats. The survey, which gathered insights from 698 insurance executives across 42 territories, revealed that Australian insurers scored 6.6% lower on the Preparedness Index compared to the global average. - read more
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| ASIC's 2026 Compliance Focus: Implications for the Insurance Sector Thu, 08 Jan: The Australian Securities and Investments Commission (ASIC) has unveiled its enforcement priorities for 2026, placing a significant emphasis on the insurance sector. Key areas of focus include insurance claims handling, pricing transparency, and financial reporting, reflecting ASIC's commitment to addressing both new and ongoing risks within the financial landscape. - read more
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| APRA's Reinsurance Framework Reforms: What Insurers Need to Know Thu, 08 Jan: The Australian Prudential Regulation Authority (APRA) has released a response paper detailing proposed refinements to the general insurance reinsurance framework. These changes aim to improve insurers' access to alternative reinsurance options, such as catastrophe bonds and insurance-linked securities (ILS), while maintaining prudential standards. - read more
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| Isuzu Australia Unveils Dedicated Financial Services for Truck Buyers Thu, 08 Jan: In a strategic move to bolster its customer support offerings, Isuzu Australia Limited (IAL) has announced the establishment of Isuzu Financial Services Australia (IFSA). This initiative marks the first time the Isuzu Group has founded a leasing company outside Japan, reflecting a significant commitment to the Australian market. - read more
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| CEFC and Volvo Group's $70 Million Initiative to Boost Electric Truck Adoption Thu, 08 Jan: The Clean Energy Finance Corporation (CEFC) has partnered with Volvo Group to introduce a $70 million financing package aimed at accelerating the adoption of heavy-duty battery electric trucks (HD BEVs) in Australia. This initiative seeks to address the substantial transport-related emissions by facilitating the transition to cleaner vehicle technologies. - read more
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| Australian Truck Sales Experience Decline as Market Stabilises in 2025 Thu, 08 Jan: The Australian truck and van market has experienced a notable decline in 2025, with sales figures indicating an 11.8% decrease compared to the previous year. According to the Truck Industry Council (TIC), a total of 33,727 heavy vehicles were sold by the end of September, marking a significant drop from the 38,254 units sold during the same period in 2024. - read more
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| Treasury Initiates Review of Professional Indemnity Insurance to Support CSLR Thu, 08 Jan: 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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| Upcover Introduces Specialised Insurance Solutions for Australian Nurses Thu, 08 Jan: 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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| APRA's 2022 Data Shows Stable PI Claims and Premium Reduction Thu, 08 Jan: 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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| Allianz Australia Penalised for Misleading Travel Insurance Information Wed, 07 Jan: In a significant ruling, the Supreme Court of New South Wales has imposed fines totaling $16.8 million on Allianz Australia Insurance and its subsidiary, AWP Australia, for disseminating misleading information about their travel insurance products between 2016 and 2018. This decision underscores the critical importance of transparency and accuracy in the insurance sector. - read more
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| Allianz Partners Highlights Risks of Travelling Uninsured Wed, 07 Jan: 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 travellers embark on international journeys without any form of travel insurance. This statistic has prompted Allianz Partners to urge Australians to reconsider the importance of securing adequate coverage before travelling abroad. - read more
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| Surge in Medical Claims Among Australian Travellers Highlights Importance of Comprehensive Insurance Wed, 07 Jan: In 2024, medical incidents emerged as the leading cause of travel insurance claims among Australian travellers, accounting for more than 40% of all claims handled by nib Travel. This trend underscores the critical importance of securing comprehensive travel insurance to mitigate the financial risks associated with medical emergencies abroad. - read more
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| Australian Insurers Achieve Record Profits Amid Rising Premiums Wed, 07 Jan: 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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| Rising Insurance Premiums in Northern Australia Challenge Homeowners Wed, 07 Jan: Homeowners in Northern Australia are grappling with substantial increases in insurance premiums, despite the federal government's establishment of a cyclone reinsurance pool in 2022 aimed at reducing costs. This trend has raised concerns about the effectiveness of the initiative and the affordability of insurance in cyclone-prone regions. - read more
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| Lack of Transparency in Insurance Premium Increases Concerns Consumers Wed, 07 Jan: Australian consumers are increasingly facing substantial hikes in their insurance premiums, often with minimal or no explanation from insurers. This lack of transparency has led to growing concerns and calls for greater clarity in the industry's pricing strategies. - read more
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| ICA Advocates for Overhaul of Civil Liability Laws Amid Rising Insurance Premiums Wed, 07 Jan: 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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| Soaring Insurance Premiums Threaten Australia's Leisure and Recreation Industry Wed, 07 Jan: The Australian Amusement Leisure & Recreation Association (AALARA) has raised concerns over the escalating costs of public liability insurance, which are placing significant pressure on amusement and recreation operators across the country. This warning follows the Insurance Council of Australia's (ICA) recent call for reforms to civil liability laws. - read more
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| APRA Reports Significant Increase in Public Liability Insurance Premiums Wed, 07 Jan: 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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| AFCA Upholds Restaurant's Arson Claim Amid Disclosure Dispute Wed, 07 Jan: In a significant ruling, the Australian Financial Complaints Authority (AFCA) has directed QBE Insurance to honour an arson claim from a restaurant, despite the director's failure to disclose his criminal history during the policy's inception. This decision underscores the complexities surrounding disclosure obligations and the importance of clear communication between insurers and policyholders. - read more
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| Pizzeria Owner Compensated for Stress in Insurance Claim Dispute Wed, 07 Jan: The Australian Financial Complaints Authority (AFCA) has awarded $2,500 in compensation to a pizzeria owner, citing undue stress and inconvenience caused by QBE Insurance's handling of a fire damage claim. This case underscores the necessity for insurers to manage claims with empathy and efficiency, particularly when dealing with vulnerable customers. - read more
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| Rising Insurance Premiums Challenge NSW Businesses Wed, 07 Jan: Business NSW has raised concerns over the escalating insurance premiums affecting businesses across the state, with a recent survey revealing that 64% of members are not fully insured against catastrophes. This alarming trend underscores the urgent need for comprehensive reform to address insurance affordability and accessibility. - read more
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| Australian Strata Property Values Soar to $1.4 Trillion Wed, 07 Jan: The Australian strata property market has experienced significant growth, with the insured value of strata properties now estimated at $1.4 trillion. This substantial figure underscores the increasing prominence of strata living in the nation's housing landscape. - read more
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| ICA Advocates for Strata Law Reforms in Victoria to Curb Rising Insurance Costs Wed, 07 Jan: The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, highlighting that inadequate governance and deferred maintenance are leading to increased insurance premiums for residents. With approximately one in five Victorians living in strata-titled properties, the impact of these issues is widespread and pressing. - read more
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| CHU's 2025 Strata Market Report: Navigating Stability and Emerging Challenges Wed, 07 Jan: CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current trends and challenges within the strata industry. The report offers valuable insights into premium trends, climate-related risks, regulatory developments, and emerging sector challenges. - read more
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| NAB's New Caravan Loan Options: Personalised Rates and Flexibility Tue, 06 Jan: National Australia Bank (NAB) has recently unveiled a suite of caravan loan options designed to cater to the diverse needs of Australian adventurers. With personalised interest rates starting from 7.00% per annum, NAB aims to make caravan ownership more accessible and affordable. - read more
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| RAC WA's Competitive Caravan Loan Rates for Western Australians Tue, 06 Jan: RAC WA has introduced a range of caravan loan options tailored specifically for Western Australian residents. With fixed interest rates starting at 7.45% per annum and comparison rates from 8.16% per annum, RAC WA aims to make caravan ownership more attainable for its members. - read more
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| ANZ's Personal Loan Options for Caravan Enthusiasts Tue, 06 Jan: ANZ has expanded its personal loan offerings to include financing options for caravan purchases, providing tailored solutions for Australians eager to explore the open road. With interest rates customised based on individual credit scores, ANZ aims to offer competitive rates that reflect each borrower's financial profile. - read more
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| Markel Insurance Expands into Australian Marine Market with New Leadership Tue, 06 Jan: Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, marking a significant expansion into the country's marine insurance sector. Based in Sydney, Wills will spearhead the introduction of Markel's marine products, starting with marine cargo coverage. This move represents the company's first foray into the Australian market beyond its existing long-tail lines established two years prior. - read more
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| Pelagic Risk Services Strengthens Partnership with Australian Marinas Tue, 06 Jan: Pelagic Risk Services, a specialist marine insurance broker, has announced an increased commitment to the Australian marina industry by upgrading its sponsorship of the Marina Industries Association (MIA) from Silver to Gold. This enhanced partnership underscores Pelagic's dedication to supporting marinas across the nation. - read more
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| Marinex Underwriting Debuts in Australian Marine Insurance Sector Tue, 06 Jan: Rhodian Group has announced the launch of Marinex Underwriting, a new marine underwriting agency set to address complex marine insurance needs across the Australian market. Backed by global specialty insurance distributor Amwins, Marinex is co-founded by industry veterans Janelle Karnib, Chris Kelly, and Ainsley Smith. - read more
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| Non-Bank Lending Surges Among Australian SMEs Tue, 06 Jan: In recent years, Australian small and medium-sized enterprises (SMEs) have increasingly turned to non-bank lenders for their financing needs. This trend reflects a significant shift in the financial landscape, with over 50% of SMEs now preferring alternative lending sources over traditional banks. - read more
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| ASIC Advocates for Stronger Regulation in Private Lending Tue, 06 Jan: The Australian Securities and Investments Commission (ASIC) has recently highlighted the need for enhanced regulatory measures within the nation's private lending sector. This call to action stems from findings that reveal inconsistencies and potential risks that could adversely affect both investors and borrowers. - read more
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| Westpac's Strategic Expansion in SME Business Lending Tue, 06 Jan: Westpac Banking Corporation has announced a significant expansion in its business lending division, aiming to bolster its position in Australia's small and medium-sized enterprise (SME) market. The bank plans to hire between 350 and 500 business bankers by 2027, a strategic move to regain market share from competitors such as Commonwealth Bank and National Australia Bank. - read more
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| CHU Unveils Enhanced Residential Strata Insurance Policy Tue, 06 Jan: CHU, Australia's leading strata insurance underwriting agency, has announced the launch of a new residential strata insurance policy designed to better support property owners and strata communities. This initiative reflects CHU's commitment to delivering customer-focused solutions that simplify insurance processes and enhance community resilience. - read more
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| Sure Insurance Boosts Strata Coverage to $20 Million Tue, 06 Jan: Sure Insurance has announced a significant expansion of its residential strata insurance coverage, increasing the replacement value limit from $5 million to $20 million. This strategic move is designed to address the affordability crisis and improve access to insurance for apartment complexes in Northern and Regional Queensland. - read more
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| ICA Advocates for Strata Law Reforms to Mitigate Rising Insurance Costs in Victoria Tue, 06 Jan: The Insurance Council of Australia (ICA) has called for significant reforms to Victoria's strata legislation, citing a direct link between inadequate governance and escalating insurance premiums for residents. With approximately one in five Victorians living in strata-titled properties, the need for effective management and oversight has become increasingly critical. - read more
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| Australian Insurers Face Challenges in Risk Preparedness Tue, 06 Jan: Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are falling behind their global counterparts in terms of risk preparedness. This lag 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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| Australian Insurers Achieve Record Profits Amid Rising Premiums Tue, 06 Jan: In 2024, Australia's insurance industry reported an after-tax profit of $6.1 billion, a figure that triples the five-year average of $2 billion. This substantial increase is attributed to significant premium hikes and a year characterized by fewer severe weather events. - read more
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| Reinsurance: A Pillar of Stability for Australia's Insurance Industry Tue, 06 Jan: Reinsurance serves as a critical component in the Australian insurance landscape, offering capital relief and stabilizing 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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| Australian Insurers Achieve $6.1 Billion Profit in 2024 Tue, 06 Jan: In 2024, Australia's insurance industry reported a significant after-tax profit of $6.1 billion, marking a substantial increase from the five-year average of $2 billion. This surge in profitability is attributed to a combination of premium hikes and a year characterized by fewer severe weather events. - read more
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| Embracing AI: The Future of Australia's Insurance Industry Tue, 06 Jan: Australian insurance companies are increasingly integrating artificial intelligence (AI) into their operations to enhance efficiency, improve customer service, and strengthen risk management. This digital transformation is driven by the need to remain competitive in a rapidly evolving market. - read more
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| Rising Premiums and Record Profits: The Growing Concern Among Australian Policyholders Tue, 06 Jan: Australian consumers are expressing increasing concern over substantial hikes in insurance premiums, especially in light of the industry's record profits. Reports indicate that some policyholders have experienced premium increases of up to 600%, prompting questions about the fairness and transparency of pricing strategies. - read more
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| October 2025 Sees Decline in Personal Insolvencies Mon, 05 Jan: In October 2025, Australia witnessed a notable decrease in personal insolvencies, with the Australian Financial Security Authority (AFSA) reporting 1,116 new cases. This marks a decline from 1,169 in September 2025 and an increase from 1,009 in October 2024. The breakdown includes 601 bankruptcies, 498 debt agreements, and 17 personal insolvency agreements. Additionally, 16 new temporary debt protections were recorded, offering individuals a 21-day respite from unsecured creditor enforcement to seek advice or consider insolvency options. - read more
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| RBA's October 2025 Review Highlights Australia's Financial Resilience Mon, 05 Jan: The Reserve Bank of Australia (RBA) has released its October 2025 Financial Stability Review, providing a comprehensive assessment of the nation's financial system amid global uncertainties. The report underscores that Australia's financial institutions are well-positioned to navigate potential challenges, with households, businesses, and banks demonstrating resilience. - read more
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| RBA Advises Caution in Lending Practices Amid Improved Borrower Finances Mon, 05 Jan: The Reserve Bank of Australia (RBA) has issued a cautionary note to financial institutions, advising them to maintain prudent lending practices despite improvements in borrower financial health. Recent data indicates that the proportion of mortgage holders spending more than they earn has decreased to approximately 3%, down from 5% in mid-2024. This improvement is attributed to factors such as tax cuts and easing inflation. - read more
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| ASIC's Investigation Highlights Concerns in Car Finance Practices Mon, 05 Jan: 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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| CBA's AI Assistant Revolutionises Car Market Price Discovery Mon, 05 Jan: 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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| New Government Initiative Provides Low-Interest Loans for Electric Vehicles Mon, 05 Jan: In a significant move to promote the adoption of electric vehicles (EVs) among Australian businesses, the government has announced a $50 million partnership with Metro Finance to provide low-interest loans for the purchase of EVs. This initiative is designed to support small and medium-sized enterprises (SMEs) in transitioning to cleaner transportation options, thereby reducing emissions and energy costs. - read more
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| nib Health Insurance Premiums to Rise by 5.79% in 2025 Mon, 05 Jan: nib holdings limited has announced an average increase of 5.79% in health insurance premiums, effective from 1 April 2025. This adjustment reflects the insurer's response to escalating healthcare costs and heightened utilisation of medical services. - read more
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| Enhancing Digital Integration: ADHA's Plan for Allied Health Professionals Mon, 05 Jan: The Australian Digital Health Agency (ADHA) has introduced the National Allied Health Digital Uplift Plan, a strategic initiative designed to bolster the digital capabilities of allied health professionals across the nation. This plan aims to facilitate seamless sharing of health information among practitioners, patients, and multidisciplinary care teams, thereby enhancing the quality and efficiency of patient care. - read more
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| Strengthened Legal Safeguards for Whistleblowers in the Health Sector Mon, 05 Jan: Recent amendments to the National Law have introduced robust legal protections for whistleblowers within the health sector, marking a significant advancement in promoting transparency and accountability. These changes criminalise any form of retaliation against individuals who report misconduct, including the use of non-disclosure agreements (NDAs) to suppress such disclosures. - read more
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| AUSactive and Private Healthcare Australia Join Forces to Enhance Preventive Health Coverage Mon, 05 Jan: In a significant move towards integrating fitness services into health insurance coverage, AUSactive has partnered with Private Healthcare Australia (PHA) to drive reforms in the private health insurance sector. This collaboration seeks to expand access to evidence-based preventive health services, including Pilates, Yoga, Tai Chi, and structured exercise programs delivered by accredited professionals. - read more
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| FITREC and Marsh Collaborate to Provide Comprehensive Insurance Solutions for Fitness Professionals Mon, 05 Jan: FITREC has announced a strategic partnership with Marsh, a leading insurance broker, to offer enhanced insurance solutions tailored specifically for fitness professionals. This collaboration aims to provide comprehensive coverage options that address the unique risks associated with the fitness industry. - read more
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| Gallagher Launches Tailored Insurance Solutions for Fitness Industry Professionals Mon, 05 Jan: Gallagher, one of the world's largest insurance brokerage firms, has introduced a new suite of insurance solutions designed specifically for the fitness industry in Australia. This offering aims to provide affordable coverage options tailored to the unique needs of gym owners, Pilates and yoga studios, and fitness instructors. - read more
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| Australian Insurers Achieve Record Profits Amid Rising Premiums Mon, 05 Jan: In 2024, Australia's insurance industry reported an after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is primarily attributed to substantial premium hikes and a relatively calm year concerning natural disasters. - read more
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| Escalating Insurance Premiums Place 1.6 Million Australian Households Under Financial Strain Mon, 05 Jan: A recent report by the Actuaries Institute has highlighted a concerning trend: 1.6 million Australian households are experiencing affordability stress due to rapidly increasing home insurance premiums. This figure represents a 30% increase over the past year, underscoring the growing financial burden on homeowners. - read more
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| Increased Broker Activity Reflects Changing Landscape of Australia's Insurance Market Mon, 05 Jan: The Australian Prudential Regulation Authority (APRA) has released data indicating a notable surge in broker activity within the general insurance market. For the six months ending December 2024, the number of intermediaries increased to 1,725, up from 1,539 in the previous period. This uptick suggests a shift in how insurance products are being distributed and highlights the evolving role of brokers in the industry. - read more
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| Understanding the Rise of Latent Defects Insurance in Australia Mon, 05 Jan: Australia's construction industry is witnessing a significant shift towards latent defects insurance (LDI), a trend gaining momentum as New South Wales (NSW) approaches its 2028 deadline to mandate LDI for residential projects. This move underscores the sector's commitment to enhancing structural integrity and homeowner protection. - read more
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| ICA's Push for Reforms to Lower Insurance Costs in Queensland Mon, 05 Jan: 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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| Adapting Insurance Strategies Amid Rising Construction Costs in Australia Mon, 05 Jan: Australia's construction sector is currently grappling with significant cost escalations, prompting builders to reassess their insurance and risk management strategies. Factors such as supply chain disruptions, inflation, and labor shortages have collectively contributed to an over 30% increase in overall construction costs. - read more
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| CommBank Sees Fivefold Increase in Online Home Loan Applications Sun, 04 Jan: The Commonwealth Bank of Australia (CommBank) has reported a significant surge in online home loan applications, with figures showing a fivefold increase over the year leading up to September 2025. This trend underscores a growing preference among Australian borrowers for digital channels when seeking mortgage solutions. - read more
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| ANZ Adjusts House Price Growth and Interest Rate Predictions Sun, 04 Jan: ANZ Bank has updated its forecasts for the Australian housing market, projecting faster house price growth and delaying expectations for interest rate cuts. The bank now anticipates capital city house prices will rise between 6% and 7% in 2024, followed by increases of 5% to 6% in 2025, and around 5% in 2026. These revised figures suggest a more robust housing market than previously expected. - read more
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| Investor Lending Surges to Eight-Year High in Australia Sun, 04 Jan: Recent data indicates a significant resurgence in property investor activity within the Australian mortgage market. In the three months leading up to June 2025, investors accounted for 38% of all new loans written for property purchases, marking the highest level in nearly eight years. This uptick is largely attributed to falling interest rates and persistently low rental vacancies, which have enhanced the attractiveness of property investments. - read more
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| Housing Australia Future Fund Approves 900 New Homes in 2025 Sun, 04 Jan: The Housing Australia Future Fund (HAFF), established by the Albanese government, has made significant strides in addressing the nation's housing challenges. In 2025, the fund approved approximately 900 new social and affordable homes, marking a substantial contribution to alleviating housing shortages across the country. - read more
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| Zone RV's Financial Collapse: A $40 Million Debt Unveiled Sun, 04 Jan: The recent collapse of luxury caravan manufacturer Zone RV has sent shockwaves through the Australian caravan industry. The company, based in Coolum on Queensland's Sunshine Coast, has entered voluntary administration, revealing debts amounting to approximately $40 million. This development has left around 240 employees unemployed and approximately 180 customers uncertain about the status of their purchases. - read more
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| ASIC's Findings Highlight Urgent Need for Reform in Car Finance Lending Practices Sun, 04 Jan: The Australian Securities and Investments Commission (ASIC) has recently unveiled findings from its comprehensive review of the motor vehicle finance sector, highlighting concerning trends that are likely to prompt a tightening of lending practices across the industry. - read more
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| Affordable Electric Vehicles: New Low-Interest Loans for Eligible Australians Sun, 04 Jan: The Australian government has launched a new initiative to make electric vehicles (EVs) more accessible to a broader segment of the population. This program offers low-interest loans to individuals earning less than $100,000 annually, as well as essential workers, facilitating the purchase of new and used EVs priced up to $55,000. - read more
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| Surge in Car Loan Delinquencies Sparks Financial Sector Worries Sun, 04 Jan: Australia is witnessing a notable increase in car loan delinquencies, raising alarms about the potential ripple effects on the broader financial sector. This trend reflects the financial strain many Australians are experiencing amid economic challenges. - read more
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| ASIC Calls for Improved Consumer Safeguards in Car Finance Sector Sun, 04 Jan: The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the motor vehicle finance sector, uncovering significant issues that adversely affect consumers. This investigation was initiated in response to a surge in complaints regarding high costs associated with car financing. - read more
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| Bank Australia Ceases Financing for New Fossil Fuel Vehicles Sun, 04 Jan: In a bold move towards environmental sustainability, Bank Australia has ceased offering loans for new petrol, diesel, and hybrid vehicles as of February 2025. This policy change aligns with the bank's commitment to achieving net-zero carbon emissions by 2035. - read more
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| CommBank Introduces Discounted EV Loans for Essential Workers Sun, 04 Jan: In a significant move to promote sustainable transportation, the Commonwealth Bank of Australia (CommBank) has introduced discounted loans for electric and hybrid vehicles, specifically targeting essential workers and individuals earning less than $100,000 annually. This initiative aims to make environmentally friendly vehicles more accessible to a broader segment of the Australian population. - read more
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| Austal Expands Patrol Boat Fleet with New $135 Million Contract Sun, 04 Jan: Austal Limited, a prominent Australian shipbuilder, has secured a contract extension worth over $135 million to construct two additional Evolved Cape-class Patrol Boats for the Australian Border Force. This development increases the total number of these vessels to 14, underscoring Austal's pivotal role in bolstering Australia's maritime surveillance capabilities. - read more
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| Australian Marine Industry Achieves $229 Billion Economic Milestone Sun, 04 Jan: The Australian marine industry has demonstrated remarkable growth, achieving an economic output of $229 billion in 2023, according to the latest report from the Australian Institute of Marine Science (AIMS). This figure represents a 19% increase compared to two years prior, highlighting the sector's resilience and expansion. - read more
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| Yamaha Introduces Limited-Time 3.99% Finance Offer on New Outboards Sun, 04 Jan: Yamaha Motor Australia has launched a special finance offer to assist boating enthusiasts in upgrading their vessels. From May 1 to July 31, 2025, customers can take advantage of a 3.99% per annum comparison rate finance on all new Yamaha outboard models, ranging from 2.5 hp to 450 hp. - read more
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| Envest Group Unveils TLI Underwriting for Heavy Motor Fleets Sun, 04 Jan: Envest Group, a prominent player in Australia's insurance sector, has announced the launch of TLI Underwriting, a new agency dedicated to providing specialised insurance solutions for large truck fleets. This initiative marks a significant expansion in Envest's offerings, aiming to address the unique challenges faced by substantial fleet operators. - read more
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| AFCA Mandates Insurer Payout for Overheated Truck Engine Damage Sun, 04 Jan: The Australian Financial Complaints Authority (AFCA) has recently ruled in favour of a truck owner, ordering an insurer to pay out a claim for engine damage caused by overheating. This decision underscores the critical importance of clear policy terms and the responsibilities of both insurers and policyholders in the claims process. - read more
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| Insurers Highlight Elevated Road Risks Amid Holiday Freight Surge Sun, 04 Jan: As the Australian summer school holidays approach, insurers and transport specialists are raising concerns about heightened road risks resulting from the convergence of increased holiday travel and peak freight activity. This period sees a significant uptick in both passenger vehicles and heavy trucks on the roads, amplifying the potential for accidents and necessitating heightened vigilance among all road users. - read more
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| Australian Home Loans Hit Record High as Investor Activity Soars Sat, 03 Jan: In the third quarter of 2025, the Australian mortgage market experienced unprecedented growth, with new home loans totaling $191.1 billion. This marks an $8.3 billion increase from the previous quarter, setting a new record in the housing finance sector. - read more
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| Major Banks Raise Fixed Mortgage Rates After RBA Holds Cash Rate Sat, 03 Jan: Following the Reserve Bank of Australia's (RBA) decision to maintain the cash rate at 3.60%, major banks have adjusted their fixed mortgage rates. Westpac has increased its fixed home loan rates by up to 35 basis points, with the lowest standard fixed rate now at 5.79% per annum. This marks a significant rise from 5.54% earlier in the week and 5.19% in early November. - read more
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| KTM's €600 Million Lifeline: A New Chapter for the Austrian Motorcycle Giant Sat, 03 Jan: KTM AG, the renowned Austrian motorcycle manufacturer, has successfully secured €600 million in funding to meet its debt obligations, marking a significant milestone in the company's ongoing financial restructuring. This development comes after a period of financial turbulence that led KTM into self-administration and a comprehensive restructuring process. - read more
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| Peter Stevens Motorcycles Enters Voluntary Administration Amid $65.9 Million Debt Sat, 03 Jan: Peter Stevens Motorcycles, a cornerstone of Australia's motorcycle retail industry since 1970, has entered voluntary administration, revealing debts exceeding $65.9 million. This development casts uncertainty over the future of the company's 400 employees and its extensive customer base. - read more
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| Australian Motorcycle Market Sees Modest Decline Amid Rising Scooter Popularity Sat, 03 Jan: The Australian motorcycle market has experienced a modest decline in sales during the first nine months of 2025, with a 2.2% decrease compared to the same period in 2024. According to data from the Federal Chamber of Automotive Industries (FCAI), a total of 63,988 motorcycles were sold between January and September 2025. - read more
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| Australian Super's Claim Delays Raise Concerns Among Members Sat, 03 Jan: Australian Super, one of the nation's largest superannuation funds, is facing criticism over significant delays in processing insurance claims, particularly those related to income protection and total and permanent disability (TPD). Members have reported prolonged waiting periods, leading to financial hardships and uncertainty. - read more
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| Club Marine Revamps Commercial Boat Insurance Policies Sat, 03 Jan: Club Marine, Australia's leading provider of recreational boat insurance, has announced significant enhancements to its commercial boat insurance offerings. This strategic move aims to better align commercial policies with the company's recreational insurance products, providing comprehensive coverage for vessels used in both business operations and occasional leisure activities. - read more
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| Marinex Underwriting Enters Australian Marine Insurance Sector Sat, 03 Jan: Rhodian Group, a prominent incubator of underwriting agencies in Australia, has announced the launch of its latest venture, Marinex Underwriting. This new agency is set to provide specialized marine insurance products tailored to the unique needs of the Australian market. - read more
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| Marsh Secures Role in Royal Australian Navy's Maritime Insurance Program Sat, 03 Jan: Marsh, a leading global insurance broker and risk advisor, has been appointed by the Australian Government to oversee the insurance and risk advisory components of the Royal Australian Navy's Maritime Insurance Program (MIP). This program is integral to the Navy's extensive fleet expansion and infrastructure development initiatives. - read more
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| Australian Insurers Achieve Significant Profit Growth Amid Rising Premiums Sat, 03 Jan: Australia's insurance industry has reported an after-tax profit of $6.1 billion for 2024, a substantial increase from the five-year average of $2 billion, according to KPMG's annual review. This surge is attributed to premium hikes and a year with fewer significant weather events. - read more
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| Rising Insurance Risk Pressures Challenge Australian Businesses Sat, 03 Jan: Australian businesses are confronting heightened insurance risk pressures stemming from increased litigation, technological advancements, supply chain disruptions, catastrophic events, and geopolitical tensions. A recent report from Gallagher underscores the importance of risk insights and awareness for organizations preparing for insurance renewals. - read more
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| Australian Insurers Face Challenges in Cyber and AI Risk Preparedness Sat, 03 Jan: Recent findings from the PwC Insurance Banana Skins Survey indicate that Australian insurers are trailing their global counterparts in preparedness for emerging risks, particularly in the realms of cyber threats and artificial intelligence (AI). This lag poses significant challenges as the industry confronts an increasingly complex risk landscape. - read more
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| AI and Machine Learning Revolutionise Australian Insurance Industry Sat, 03 Jan: Australia's insurance sector is undergoing a significant transformation as companies increasingly adopt artificial intelligence (AI) and machine learning (ML) technologies to enhance operations, improve customer service, and strengthen fraud detection capabilities. This shift comes in response to mounting regulatory pressures, escalating climate-related risks, and the need to modernise legacy systems. - read more
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| TAL's Health Sense Plus Now Covers Income Protection Fri, 02 Jan: 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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| APRA Calls for Sustainable Reforms in Income Protection Insurance Fri, 02 Jan: The Australian Prudential Regulation Authority (APRA) has expressed concerns regarding the sustainability of income protection insurance, following significant losses within the industry. Over a five-year period, insurers have reported losses totaling $2.5 billion on this product. - read more
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| HCF Life Recognised for Excellence in Income Protection Insurance Fri, 02 Jan: HCF Life, part of Australia's largest not-for-profit health fund, has been honored with the 'Best for Income Protection Insurance (Direct)' award by WeMoney for the third consecutive year. This accolade underscores HCF Life's commitment to providing competitive and customer-focused insurance products. - read more
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| Significant Drop in Australian Commercial Insurance Rates Fri, 02 Jan: In a notable development for Australian businesses, commercial insurance rates have experienced a significant decline. According to Marsh's Global Insurance Market Index, the Australia-Pacific market saw an 8% drop in commercial rates during the fourth quarter of 2024, marking the most substantial decrease globally. - read more
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| Rapid Growth of Australian Insurtech Sector Signals Industry Transformation Fri, 02 Jan: The Australian insurtech sector is experiencing rapid growth, introducing innovations that are set to transform the insurance landscape. A recent report titled 'Insurtech Down Under: Trends, Tech and Triumphs' highlights the sector's expansion and its potential to enhance efficiency, security, and customer engagement within the industry. - read more
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| IAG CEO Predicts Ongoing Insurance Premium Rises Fri, 02 Jan: Insurance Australia Group (IAG), a leading insurer in Australia, has reported a significant 91% increase in net profit for the first half of the 2024-2025 financial year, reaching $778 million. This substantial profit growth is largely attributed to favourable weather conditions during the period. - read more
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| Climate Change's Impact on Home Insurance Costs Fri, 02 Jan: Insurance Australia Group (IAG) has highlighted that climate change is playing a significant role in the rising costs of home insurance premiums across Australia. The insurer's recent report indicates that the increasing frequency and severity of weather events are elevating risks for homeowners, leading to higher insurance costs. - read more
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| Significant Insurance Premium Increases Reported by Choice Fri, 02 Jan: Consumer advocacy group Choice has released a report highlighting substantial increases in home and contents insurance premiums across Australia. The report indicates that some insurers have raised their rates by over 30% in the past year, significantly outpacing the average premium increase of 16%. - read more
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| First-Home Buyers Drive Surge in Affordable Housing Market Fri, 02 Jan: The Australian housing market is experiencing a significant shift, with first-home buyers increasingly entering the affordable housing sector. This surge is largely attributed to the government's expanded 5% deposit scheme, which has made homeownership more accessible to a broader demographic. - read more
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| Rentvesting: A Strategic Approach for First-Home Buyers Fri, 02 Jan: In the face of escalating property prices and intense competition, Australian first-home buyers are increasingly turning to 'rentvesting' as a viable strategy to enter the property market. This approach involves renting a residence in a preferred location while simultaneously purchasing an investment property in a more affordable area. - read more
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| Investor Activity Intensifies Competition for First-Home Buyers Fri, 02 Jan: The Australian housing market is witnessing a significant surge in property investor activity, leading to intensified competition for first-home buyers. Over the year leading up to June, property investors borrowed a record sum of nearly $130 billion to purchase homes, marking a substantial increase supported by recent interest rate cuts. - read more
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| Macquarie Bank Named Money Minder of the Year 2025 Thu, 01 Jan: In the 2025 Consumer Finance Awards, Macquarie Bank has been honoured as the Money Minder of the Year by Money magazine. This accolade highlights the bank's exceptional performance in managing Australians' savings and term deposits. - read more
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| Commonwealth Bank Recognised as Business Bank of the Year 2025 Thu, 01 Jan: In the latest Consumer Finance Awards, Commonwealth Bank has been named Business Bank of the Year 2025 by Money magazine. This recognition reflects the bank's unwavering support for Australia's small and medium enterprises (SMEs). - read more
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| Macquarie Bank Honoured as Investment Property Lender of the Year 2025 Thu, 01 Jan: Macquarie Bank has been awarded the Investment Property Lender of the Year 2025 by Money magazine, acknowledging its significant role in supporting Australia's property investors. - read more
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| MotorCycle Holdings Reports Record-Breaking $650 Million Revenue in FY2025 Thu, 01 Jan: MotorCycle Holdings Limited (ASX: MTO), Australia's leading motorcycle retailer, has announced a record sales revenue of $650 million for the financial year ending June 30, 2025. This represents an 11.6% increase from the previous year, underscoring the company's robust growth and strategic initiatives. - read more
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| Scooter Sales Rise as Australian Motorcycle Market Faces Downturn Thu, 01 Jan: In the first nine months of 2025, Australia's motorcycle market experienced a 2.2% decline, with total sales reaching 63,988 units. However, the scooter segment defied this trend, recording a 4.6% increase in sales and now accounting for 5.7% of the total market. This growth underscores a shift towards more efficient and affordable urban transportation options. - read more
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| KTM's €600 Million Lifeline: A New Chapter for the Austrian Motorcycle Giant Thu, 01 Jan: 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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| OnDeck Australia Sees Significant Growth in Broker-Originated SME Loans Thu, 01 Jan: OnDeck Australia has reported a remarkable 246% year-on-year increase in broker-originated small business loans funded in November 2024 compared to the same month in 2023. This substantial growth underscores a renewed confidence among Australian small and medium-sized enterprises (SMEs) in seeking financial support through broker channels. - read more
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| AFCA Issues Caution to SMEs on Unregulated Lending Practices Thu, 01 Jan: The Australian Financial Complaints Authority (AFCA) has issued a warning to small businesses regarding the risks associated with engaging unregulated lenders. This caution comes in response to a notable increase in complaints related to lenders not covered by the Credit Act and who are not members of AFCA. - read more
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| So Money Launches New Lending Solutions for Self-Employed and SMEs Thu, 01 Jan: In response to Australia's expanding small business sector, non-bank lender So Money has introduced new lending solutions tailored 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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| Preparing for Summer Storms: Elders Insurance's Advice to Farmers Thu, 01 Jan: As the Australian summer approaches, Elders Insurance has issued a cautionary advisory to farmers, emphasising the heightened risk of storm-related damages during this season. Recent data indicates a significant increase in insurance claims due to summer storms, underscoring the need for proactive measures to safeguard agricultural assets. - read more
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| New Partnership Offers Insurance Savings for Sustainable Farmers Thu, 01 Jan: In a significant move towards promoting sustainable agriculture, WFI Insurance has partnered with AgCarE to offer premium reductions to farmers who achieve AgCarE certification. This collaboration aims to enhance financial, environmental, and social outcomes for Australian farmers and rural communities. - read more
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| IAG Highlights Climate Change's Impact on Rising Insurance Costs Thu, 01 Jan: Insurance Australia Group (IAG) has issued a warning to Australians, indicating that home insurance premiums are expected to rise due to the increasing frequency and severity of extreme weather events, a trend attributed to climate change. This development underscores the pressing need for both mitigation and adaptation strategies to address the evolving risks. - read more
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| Macquarie Bank Recognised for Excellence in Investment Property Lending Thu, 01 Jan: Macquarie Bank has been honored as the Investment Property Lender of the Year in Money magazine's 2025 Consumer Finance Awards. This accolade highlights the bank's commitment to providing flexible and tailored loan products for property investors. 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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| Surge in Mortgage Refinancing as Homeowners Seek Better Rates Thu, 01 Jan: 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). 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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| RBA's October 2025 Review Highlights Australia's Financial Resilience Thu, 01 Jan: The Reserve Bank of Australia (RBA) has released its October 2025 Financial Stability Review, providing a comprehensive assessment of the nation's financial health. The report underscores the resilience of Australia's financial system, even amidst elevated global uncertainties. 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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| Australian Lenders Tighten Policies on Trust and Company Lending Thu, 01 Jan: 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. 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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| RBA Advises Caution in Lending Amid Improved Borrower Finances Thu, 01 Jan: The Reserve Bank of Australia (RBA) has highlighted the need for continued caution in lending practices, even as data indicates an improvement in borrowers' financial health. This advisory comes in the context of a dynamic economic environment where both opportunities and risks coexist. - read more
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| Australia's Marine Industry Surges to $229 Billion in 2023 Thu, 01 Jan: Australia's marine industry has achieved a remarkable economic milestone, with its output soaring to $229 billion in 2023. This 19% increase from previous years underscores the sector's robust growth and its pivotal role in the national economy. - read more
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| Insurers Flag Holiday Road Risks Amidst Freight Traffic Surge Thu, 01 Jan: As Australia enters the summer holiday season, insurers and transport specialists are raising alarms about heightened road risks resulting from the convergence of increased freight activity and holiday travel. This period sees a significant uptick in both passenger vehicles and heavy trucks on the roads, amplifying the potential for accidents and safety incidents. - read more
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| Escalating Collision Risks Challenge Australian Fleet Operators Thu, 01 Jan: Australia's transport and haulage sector is currently navigating a period of heightened operational risk, marked by an uptick in both the frequency and severity of motor collision claims. This trend underscores the pressing need for fleet operators to adopt proactive risk management strategies and leverage advanced insurance solutions to safeguard their operations. - read more
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| Global Insurtech Investments Halve as AI Adoption Rises Thu, 01 Jan: The global insurtech sector experienced a significant downturn in funding during the fourth quarter of 2024, with total investments plummeting by 50% to US$688.24 million compared to the previous quarter. This decline marks the lowest annual funding level since 2018, with the total for 2024 reaching US$4.25 billion, a 6% decrease from the prior year. - read more
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| Australia's Insurance Market Set to Surpass $144 Billion by 2029 Thu, 01 Jan: The Australian general insurance industry is on a trajectory of significant growth, with direct written premiums (DWP) projected to exceed $144 billion by 2029. This forecast, provided by data and analytics firm GlobalData, indicates a substantial increase from the $94.7 billion recorded in 2024, reflecting a compound annual growth rate (CAGR) of approximately 8.8% over the five-year period. - read more
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| Australian Insurers Report $1.11 Billion Profit Amid Lower Catastrophe Claims Thu, 01 Jan: The Australian general insurance industry has reported a net profit after tax of $1.11 billion for the March quarter, marking a significant financial upswing attributed primarily to a reduction in catastrophe-related losses. This performance underscores the industry's resilience and its ability to adapt to fluctuating risk environments. - read more
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| ASX 200 Falls 1.3% Following US Tariff Implementation Thu, 01 Jan: The Australian sharemarket experienced a significant decline on Wednesday, with the S&P/ASX 200 Index dropping 1.3%, equivalent to 103.9 points, closing at 7786.2. This downturn was primarily driven by the United States' recent decision to impose tariffs on steel and aluminium imports, which notably excluded Australia from exemptions. - read more
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| ASX 200 Gains 0.8% Following China's Economic Stimulus Announcement Thu, 01 Jan: The Australian sharemarket witnessed a positive turnaround on Monday, with the S&P/ASX 200 Index climbing 0.8%, or 64.4 points, to close at 7854.1. This uplift was largely influenced by China's announcement of new measures aimed at stimulating consumption and economic growth. - read more
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| ASX 200 Drops 1% Following Westpac's Earnings Report Thu, 01 Jan: The Australian sharemarket experienced a notable decline on Monday, with the S&P/ASX 200 Index falling 1%, or 80.2 points, to close at 8157.8. This downturn was primarily driven by a disappointing earnings report from Westpac and a significant drop in oil prices. - read more
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| Surge in First-Time Buyer Activity Following First Home Guarantee Expansion Thu, 01 Jan: The Australian housing market has witnessed a significant uptick in first-time buyer activity, largely attributed to the recent expansion of the First Home Guarantee (FHG) scheme. This government initiative, designed to assist eligible buyers in entering the property market with minimal deposits, has seen a 39.2% increase in applications since its October expansion, marking the highest level of first-home buyer engagement in years. - read more
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| Investor Borrowing Surge Poses Challenges for First-Time Home Buyers Thu, 01 Jan: The Australian property market has experienced a significant shift, with property investors borrowing a record sum of nearly $130 billion over the year to June. This surge in investor activity, bolstered by recent interest rate cuts, has intensified competition in the housing market, posing challenges for first-time buyers striving to secure their first home. - read more
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| Australian Home Prices Reach New Heights, Exceeding $1 Million Thu, 01 Jan: The Australian housing market has reached a significant milestone, with the average home price surpassing $1 million for the first time. This development raises concerns about housing affordability, particularly for first-time buyers striving to enter the property market. - read more
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