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    Insurance News

    IAG's Ambitious 2030 Growth Plan: What It Means for Tradies
    IAG's Ambitious 2030 Growth Plan: What It Means for Tradies
    31 May 2026: Paige Estritori
    Insurance Australia Group (IAG) has unveiled an ambitious strategy, aiming to achieve over $25 billion in gross written premiums by 2030. This plan, announced during their Investor Day in Sydney, focuses on expanding their customer base to more than 11 million and enhancing shareholder returns. For tradespeople across Australia, this development could have significant implications. - read more
    Addressing Delays in Income Protection Insurance Payouts: What Tradies Need to Know
    Addressing Delays in Income Protection Insurance Payouts: What Tradies Need to Know
    31 May 2026: Paige Estritori
    Recent reports indicate a 67% increase in violations of the Life Insurance Code of Practice related to timely income protection payments. This trend is concerning for tradespeople who depend on these payouts during periods of illness or injury. - read more
    Regulators Call for Immediate Reforms in TPD Insurance Amid Rising Mental Health Claims
    Regulators Call for Immediate Reforms in TPD Insurance Amid Rising Mental Health Claims
    31 May 2026: Paige Estritori
    In a recent joint roundtable, the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have emphasised the pressing need for reforms in Total and Permanent Disability (TPD) insurance. The regulators highlighted that without prompt action, the sustainability of TPD insurance could be at risk, primarily due to the increasing frequency and complexity of mental health-related claims. - read more
    APRA Enforces Capital Add-On and Licence Conditions on KeyInvest After Risk Management Review
    APRA Enforces Capital Add-On and Licence Conditions on KeyInvest After Risk Management Review
    31 May 2026: Paige Estritori
    The Australian Prudential Regulation Authority (APRA) has recently imposed an additional $5.5 million capital requirement on KeyInvest Limited, a life insurance company and friendly society primarily offering funeral bonds. This decision follows an independent review that identified shortcomings in KeyInvest's risk management framework and raised concerns about the board's oversight of the insurer's long-term objectives. - read more
    Consumer Advocates Challenge Proposed Changes to Mental Health Exclusions in Life Insurance Policies
    Consumer Advocates Challenge Proposed Changes to Mental Health Exclusions in Life Insurance Policies
    31 May 2026: Paige Estritori
    Consumer advocacy groups have recently expressed strong opposition to life insurers' proposals to lift existing code restrictions on blanket exclusions for mental health coverage. This move by insurers aims to modify the Life Insurance Code of Practice to allow for broader exclusions related to mental health conditions. - read more
    Car Insurance Articles

    How Your Driving Habits Affect Your Car Insurance Premiums
    How Your Driving Habits Affect Your Car Insurance Premiums
    Car insurance is a necessary expense for anyone who owns a vehicle. It provides financial protection against accidents, theft, and other unexpected events. In Australia, having comprehensive car insurance can save you significant costs down the line. However, what many drivers may not realise is how their driving habits can directly influence their insurance premiums. - read more
    Are Extras Worth the Investment? Unpacking Car Insurance Add-Ons
    Are Extras Worth the Investment? Unpacking Car Insurance Add-Ons
    Car insurance is an essential part of owning a vehicle in Australia, providing financial protection and peace of mind. Standard coverage typically includes protection against collision damage, theft, and various liabilities. However, the world of car insurance doesn’t stop here; enter the realm of 'extras' - additional options that go beyond the basics. - read more
    Car Insurance Explained: What Every Australian Needs to Know
    Car Insurance Explained: What Every Australian Needs to Know
    Car insurance is a critical aspect of vehicle ownership that can save you from financial distress in case of accidents, theft, or damage. For Australian consumers, understanding the ins and outs of car insurance is essential for ensuring that you're adequately protected without overpaying for your coverage. - read more
    Comprehensive vs. Third-Party Car Insurance: Which Is Right for You?
    Comprehensive vs. Third-Party Car Insurance: Which Is Right for You?
    Welcome to our comprehensive guide on car insurance in Australia! Whether you're a seasoned driver or a newcomer to the roads, understanding car insurance is crucial for protecting yourself and your vehicle against unforeseen events. - read more
    How Your Driving Habits Affect Your Car Insurance Premiums
    How Your Driving Habits Affect Your Car Insurance Premiums
    Car insurance premiums are the amounts paid regularly to maintain an active car insurance policy. These payments can be made on a monthly, quarterly, or annual basis, depending on the terms agreed upon with your insurance provider. - read more

    Knowledgebase
    Trauma Insurance:
    An insurance that pays a lump-sum amount on the diagnosis of one of several critical illnesses or events