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    Insurance News

    HESTA Announces 12% Reduction in Insurance Fees to Benefit Members
    HESTA Announces 12% Reduction in Insurance Fees to Benefit Members
    08 May 2026: Paige Estritori
    HESTA, a prominent Australian superannuation fund, has unveiled a significant reduction in insurance fees, averaging 12% across all cover types. This change is set to take effect from 1 July 2026 and is part of a broader initiative to make insurance more accessible and affordable for its members. - read more
    Suncorp's AU$2.4 Billion Reinsurance Deal Sparks 10% Share Surge
    Suncorp's AU$2.4 Billion Reinsurance Deal Sparks 10% Share Surge
    08 May 2026: Paige Estritori
    Suncorp, a leading Australian insurer, has successfully secured a substantial reinsurance arrangement valued at up to AU$2.4 billion over five years. This strategic move has positively influenced the company's fiscal 2026 growth projections, resulting in a notable 10% increase in share value. - read more
    IAG Reports AU$505 Million Profit Despite Weather-Related Challenges
    IAG Reports AU$505 Million Profit Despite Weather-Related Challenges
    08 May 2026: Paige Estritori
    Insurance Australia Group (IAG), a major player in the Australian insurance market, has reported a net profit after tax of AU$505 million for the first half of the 2026 financial year. This figure represents a decline from the AU$778 million recorded in the corresponding period of the previous year, primarily due to severe weather events affecting its recently acquired RACQ Insurance (RACQI) portfolio. - read more
    Arch Insurance Australia Elevates Aisling Hegarty to Lead Professional Indemnity Division
    Arch Insurance Australia Elevates Aisling Hegarty to Lead Professional Indemnity Division
    08 May 2026: Paige Estritori
    Arch Insurance Australia has announced the promotion of Aisling Hegarty to the position of Head of Professional Indemnity (PI), effective immediately. This strategic move underscores Arch's dedication to bolstering its PI insurance offerings across the Australian market. - read more
    Insurance Council of Australia Advocates for Reforms to Sustain Compensation Scheme of Last Resort
    Insurance Council of Australia Advocates for Reforms to Sustain Compensation Scheme of Last Resort
    08 May 2026: Paige Estritori
    The Insurance Council of Australia (ICA) has called for structural reforms to the Compensation Scheme of Last Resort (CSLR) to address growing funding pressures and enhance consumer protection. This appeal comes in response to a Treasury consultation paper examining the role of professional indemnity insurance in compensation claims. - read more
    Car Insurance Articles

    Don’t Let These Hidden Costs Drain Your Car Insurance Budget
    Don’t Let These Hidden Costs Drain Your Car Insurance Budget
    Car insurance is an essential expenditure for any vehicle owner, but are you truly aware of all the costs involved? Many Australians focus solely on the premiums, overlooking additional charges that can significantly impact their budget. Understanding these hidden costs is crucial to avoid an unpleasant surprise. - 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
    Common Mistakes to Avoid When Filing a Car Insurance Claim
    Common Mistakes to Avoid When Filing a Car Insurance Claim
    Filing a car insurance claim can be a complex and overwhelming task. Understanding the process is crucial to ensure that everything goes smoothly and you get the compensation you deserve. - read more
    From Airbags to AI: The Future of Car Safety Technology
    From Airbags to AI: The Future of Car Safety Technology
    Car safety has come a long way since the early days of motoring. Initially, vehicles had minimal safety features, and accidents often led to severe injuries or fatalities. Over the years, technological advancements have significantly improved the safety of cars, making them much safer for drivers and passengers alike. - read more
    Understanding Insurance Jargon: A Guide for Comparing Online Quotes
    Understanding Insurance Jargon: A Guide for Comparing Online Quotes
    Insurance jargon refers to the specialized terminology and phrases used within the insurance industry. These terms can often be confusing and complicated for those not familiar with the field. - read more

    Knowledgebase
    Moral Hazard:
    The concept that individuals may take on more risk when they do not bear the full consequences of that risk, often relevant in insurance scenarios.