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• Emerging Challenges Elevate Insurance Risks for Australian Businesses

  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.

• Australian Insurers Achieve Significant Profit Growth Amid Rising Premiums

  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.

• Rising Insurance Risk Pressures Challenge Australian Businesses

  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.

• IAG's Strategic Moves Propel Profit Forecast Upward

  Insurance Australia Group (IAG) has recently announced an optimistic upgrade to its financial guidance for the fiscal year 2026, projecting a 10% increase in gross written premium (GWP) and an insurance profit ranging between $1.55 billion and $1.75 billion.

• Australian Insurers Face Challenges in Emerging Risk Preparedness

  Recent findings from PwC's Insurance Banana Skins Survey indicate that Australian insurers are trailing behind their global counterparts in terms of preparedness for emerging risks, particularly in areas such as cyber threats and artificial intelligence (AI).

• Australian Insurers Falling Behind in Cyber and AI Risk Readiness

  In an era where digital threats are escalating, Australian insurers are reportedly less prepared to manage risks associated with cyber threats and artificial intelligence (AI) compared to their global counterparts. This insight emerges from the latest PwC Insurance Banana Skins Survey, which assesses the industry's readiness to tackle emerging challenges.

• Australian Insurance Market Set for Significant Growth by 2029

  Australia's general insurance market is on a trajectory of steady expansion, with projections indicating that total direct written premiums (DWP) will reach $144.5 billion by 2029. This growth reflects a compound annual growth rate (CAGR) of 8.8%, as analysed by data and analytics firm GlobalData.

• Australian SMEs Advocate for Reforms Amid Escalating Insurance Premiums

  Small to medium enterprises (SMEs) across Australia are facing mounting financial pressures due to soaring insurance premiums.

• QBE Insurance Faces Market Challenges as Premium Growth Slows

  QBE Insurance Group, Australia's largest insurer by market value, recently experienced a significant decline in its share price, reaching a seven-month low. This downturn is primarily attributed to a noticeable slowdown in the company's premium rate growth during the third quarter of the 2025 fiscal year.

• Surge in Profits for Australian Insurers Amid Rising Premiums

  In 2024, Australia's insurance industry reported a collective after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is attributed to substantial premium hikes and a relatively quiet year for natural disasters.

• Navigating the Rising Insurance Risk Landscape for Australian Businesses

  Australian businesses are currently facing heightened insurance risk pressures stemming from various factors, including increased litigation, technological advancements, supply chain disruptions, catastrophic events, and geopolitical tensions. Understanding these elements is crucial for businesses preparing for insurance renewals and risk management strategies.

• QBE Insurance Faces Market Challenges as Premium Growth Slows

  QBE Insurance Group, Australia's largest insurer by market value, recently experienced a significant decline in its share price, reaching a seven-month low. This downturn is primarily attributed to a noticeable slowdown in the company's premium rate growth during the third quarter of the 2025 fiscal year.

• Climate Change's Impact on Rising Home Insurance Premiums in Australia

  Insurance Australia Group (IAG), a leading insurer in Australia, has highlighted the significant role of climate change in driving up home insurance premiums. The company reports that the increasing frequency and severity of weather events are major factors contributing to these rising costs.

• Australian Insurers' Preparedness for Emerging Risks Falls Short

  Recent findings from PwC's Insurance Banana Skins Survey indicate that Australian insurers are trailing behind their global counterparts in terms of preparedness for emerging risks, particularly in areas such as cyber threats and artificial intelligence (AI).

• Allianz Australia's Strategic Expansion: RAA Insurance Acquisition

  In a significant move within the Australian insurance sector, Allianz Australia has successfully completed the acquisition of RAA Insurance for $642 million. This strategic acquisition, approved by the competition regulator on June 12, 2025, marks a substantial expansion of Allianz's footprint in the South Australian market.

• Australian Parliament's Inquiry into Small Business Insurance: What It Means for You

  The Australian Parliament has initiated a comprehensive inquiry into the provision, regulation, and pricing of modern insurance products for small businesses and not-for-profit organisations. Announced on October 29, 2025, this inquiry aims to address critical issues affecting the insurance landscape for small enterprises across the nation.

• ASIC's $16.8 Million Penalty on Allianz Australia: A Wake-Up Call for the Insurance Industry

  The Australian Securities and Investments Commission (ASIC) has imposed a $16.8 million fine on Allianz Australia and its subsidiary, AWP Australia, for making false and misleading statements regarding travel insurance products.

• Surge in Cyber Insurance Adoption Among Australian Businesses

  In the past year, BizCover, a leading small business insurance provider, has reported an almost 50% rise in sales of cyber liability insurance. This significant uptick underscores the escalating awareness and concern among Australian businesses regarding cyber threats.

• EQT's Bold Move: AUB Group's Potential Acquisition and Its Implications

  In a significant development within Australia's insurance sector, Swedish private equity firm EQT has proposed a takeover of AUB Group, valuing the insurance broking company at A$5.25 billion. This offer represents a 25.

• State Taxes Drive Up Insurance Costs for Australian Small Businesses

  A recent report by the Australian Chamber of Commerce and Industry (ACCI) has highlighted a concerning trend: small businesses across Australia are facing insurance premium increases of up to 30% due to taxes and levies imposed by state and territory governments.

• Celebrating Excellence: Finalists Announced for the 21st Australian Insurance Industry Awards

  The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has announced the finalists for the 21st Australian Insurance Industry Awards, set to take place on August 21, 2025, at the Star Event Centre in Sydney.

• EQT's A$5.25 Billion Bid for AUB Group: A Game-Changer in Australian Insurance

  In a significant development within Australia's insurance sector, Swedish private equity firm EQT has proposed a takeover of AUB Group, valuing the insurance broking company at A$5.25 billion (US$3.41 billion). This offer represents a 25.

• Australian Businesses Embrace Cyber Insurance Amid Rising Digital Threats

  In the past year, BizCover, a leading small business insurance provider, has reported an almost 50% rise in sales of cyber liability insurance. This significant uptick underscores the escalating awareness and concern among Australian businesses regarding cyber threats.

• Surge in Insurance Profits: What It Means for Australian Policyholders

  In 2024, Australia's insurance industry recorded an after-tax profit of $6.1 billion, a substantial increase from the five-year average of $2 billion. This surge is primarily attributed to significant premium hikes and a relatively quiet year for natural disasters.

• IAG CEO Predicts Ongoing Insurance Premium Rises Amid Easing Inflation

  Australian consumers should brace for continued increases in insurance premiums, albeit at a moderated pace, according to Nick Hawkins, CEO of Insurance Australia Group (IAG).

• Allianz Australia Completes $642 Million Acquisition of RAA Insurance

  In a significant move within the Australian insurance sector, Allianz Australia has successfully acquired RAA Insurance for $642 million. This acquisition, approved by the competition regulator on June 12, 2025, marks a strategic expansion for Allianz into the South Australian market.

• Rising Insurance Risks Challenge Australian Businesses in Evolving Landscape

  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.

• Surge in Profits for Australian Insurers Amid Rising Premiums

  In 2024, Australia's insurance industry reported a collective after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is attributed to substantial premium hikes and a relatively quiet year for natural disasters.

• Rising Insurance Costs Challenge Australian Businesses Amid Crime Surge

  Australian businesses are confronting escalating insurance premiums, driven by a surge in break-ins and thefts. This trend is placing additional financial strain on business owners already navigating a complex economic environment.

• Suncorp's Financial Performance Surges with New Share Buyback Initiative

  Australian insurer Suncorp has reported a significant 8% increase in full-year cash earnings, reaching A$1.49 billion for the fiscal year ending June 30, 2025. This performance surpasses analyst expectations and underscores the company's robust financial health.

• IAG's Financial Growth Reflects Strength in Australian Insurance Market

  Insurance Australia Group (IAG) has reported a notable increase in annual cash earnings, reaching A$1.17 billion for the fiscal year ending June 30, 2025. This marks a significant rise from the previous year's A$905 million and exceeds market expectations.

• Navigating the Rising Insurance Risk Landscape for Australian Businesses

  Australian businesses are currently facing heightened insurance risk pressures stemming from various factors, including increased litigation, technological advancements, supply chain disruptions, catastrophic events, and geopolitical tensions. Understanding these elements is crucial for businesses preparing for insurance renewals and risk management strategies.

• ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Practices

  The Australian Securities and Investments Commission (ASIC) has initiated Federal Court proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers through deceptive premium comparison pricing in renewal notices issued between September 2019 and December 2024.

• ACCC Examines IAG's Proposed Acquisition of RAC Insurance Amid Competition Concerns

  The Australian Competition and Consumer Commission (ACCC) has expressed concerns regarding Insurance Australia Group's (IAG) proposed A$1.35 billion acquisition of The Royal Automobile Club of Western Australia's (RAC) insurance business.

• ASIC Initiates Legal Proceedings Against QBE Insurance Over Alleged Misleading Pricing Discounts

  The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against QBE Insurance, alleging that the insurer misled over half a million customers regarding pricing discounts between July 2017 and September 2022.

Read our Articles

• How to Lower Your Insurance Costs Without Sacrificing Coverage

  Insurance costs can be a significant expense for businesses in Australia, and it is crucial to understand how they can affect your bottom line. With premiums on the rise, many business owners are looking for ways to cut costs while maintaining the coverage they need to protect their operations.

• 10 Common Insurance Terms Every Business Owner Should Know

  As a business owner, understanding the ins and outs of insurance can feel like navigating a maze. The terminology alone can be daunting, yet it's crucial to grasp these concepts to make informed decisions about protecting your enterprise.

• Must-Have Insurance Policies for Australian SMEs in 2025

  In today's rapidly evolving business environment, insurance has become an essential component for the survival and success of small to medium enterprises (SMEs). As businesses navigate through uncertainties, unexpected events can pose significant threats.

• Financing Your Business: The Role of Loans and Insurances

  Starting a new business is an exciting journey filled with opportunities and challenges. One of the most critical aspects to ensure your venture's success is adequate financing. Whether you're launching a small local shop or a larger enterprise, having a solid financial foundation is essential.

• 5 Common Insurance Mistakes Startups Make and How to Avoid Them

  Starting a new business is an exciting and challenging endeavor, particularly in the vibrant and innovative startup landscape of Australia. However, amidst the rush of ideas and the race to launch, many startups overlook the crucial aspect of insurance.

• Cybersecurity Risk Assessment: An Essential Guide for Business Owners

  In today's digital age, cybersecurity has become a critical concern for businesses of all sizes. The increasing reliance on technology means that cyber threats are more prevalent than ever, making it essential for business owners to understand and manage these risks.

• Common Insurance Mistakes Small Business Owners Should Avoid

  Running a small business in Australia comes with its unique set of challenges and risks. One crucial aspect that every small business owner must consider is liability insurance. Liability insurance is designed to protect businesses from various claims and lawsuits that can arise in the course of their operations.

• Understanding Liability Insurance: A Guide for Small Business Owners

  Liability insurance is a type of coverage that protects businesses from financial losses due to claims of injury, harm, or damages made by third parties. This insurance is crucial for covering legal costs and compensation that might arise from such claims.

• Business Interruption Insurance: Why It’s Crucial for Small Business Owners

  Business interruption insurance is a type of coverage designed to compensate businesses for lost income and operational costs when they are unable to operate due to a covered event such as a natural disaster, fire, or other incidents that disrupt business operations.

• How to Customize Your Business Insurance to Fit Your Company’s Needs

  Business insurance is a type of coverage that protects your company from financial losses that may occur during regular operations. These losses could be due to a variety of risks like property damage, legal liability, or employee-related incidents.

• Essential Insurance Coverages You Need to Protect Your Small Business

  Insurance is a vital component for any small business. It acts as a safety net, helping to protect your enterprise from unexpected financial losses. Whether you run a retail shop, a consultancy, or a manufacturing unit, having the right insurance coverages can make the difference between thriving and merely surviving.

• The Importance of Adequate Insurance Coverage for Your Small Business

  For small businesses, navigating the intricacies of sustainability is a critical task that can be made more manageable through the prudent use of business insurance. Understandably, many small business owners prioritize immediate operational concerns over seemingly discrete matters like insurance.

• Cash Flow Management Strategies for Small Business Sustainability

  Understanding the ebbs and flows of your business finances is more than just knowing numbers; it's a vital component of your small business's longevity and success. In the ever-dynamic landscape of entrepreneurship, cash flow management emerges as a centerpiece in the grand puzzle of sustainability.

• Understanding Business Insurance: How to Safeguard Your Australian Small Business

  Welcome to the elucidative journey through the realm of business insurance and the pivotal role it plays for small businesses in Australia. In the ever-evolving business landscape, having a solid safety net is not merely an option, but a necessity to thrive amidst unforeseen challenges.

• Avoiding Underinsurance: How to Adequately Cover Your Growing Business

  When it comes to protecting the vitality and financial health of a growing business, insurance is a keystone.

• Navigating Cyber Threats: Essential Cyber Insurance for Your Start-up

  Starting a new business venture is an exciting endeavor, but amid the myriad decisions start-up founders face, one must not overlook the importance of insurance.

• The Top 5 Insurance Policies Every Australian Start-up Needs

  When embarking on the entrepreneurial journey of a start-up, it's imperative to safeguard the nascent enterprise with a reliable insurance safety net.

• The Essential Checklist: What Every Australian Business Owner Needs to Know About Insurance Cover

  When it comes to securing the future of your business, insurance isn't just a safety net; it's a vital tool for stability and growth. As an Australian entrepreneur, navigating the complex world of business insurance can be daunting.

• Your Ultimate Guide to Small Business Insurance in Australia

  Welcome to the comprehensive guide on small business insurance in Australia. As a small business owner, you know that the unexpected can happen at any time.

• Essential Tips to Reduce Your Business Insurance Premiums in Australia

  As a business owner in Australia, protecting your venture with adequate insurance is a non-negotiable aspect of risk management. The right business insurance acts as a safety net, guarding against unforeseen events that could otherwise derail your hard-earned progress.

• Key Factors to Consider When Comparing Business Insurance Options

  Business insurance is a vital aspect of safeguarding your company's interests and mitigating potential risks. Whether you are a small startup or a well-established organization, having appropriate insurance coverage is essential for protecting your assets, finances, and reputation.

• Assessing the Insurance needs of your Australian Labour Hire firm

  As a labour hire firm, it is important to assess your insurance needs to protect your business from the risks it faces. Assessing your insurance needs involves identifying potential risks specific to your industry and taking steps to mitigate them.

• How to Choose the Right Insurance for Your Australian Retail Business

  Running a retail business can be a risky endeavor. While you can minimize some of those risks with careful planning and management, you cannot eliminate them entirely. This is where insurance comes in.