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    Insurance News

    ACCC Deepens Investigation into IAG's Proposed RAC Insurance Acquisition
    ACCC Deepens Investigation into IAG's Proposed RAC Insurance Acquisition
    16 May 2026: Paige Estritori
    The Australian Competition and Consumer Commission (ACCC) has escalated its examination of Insurance Australia Group's (IAG) proposed acquisition of RAC Insurance, moving the process into a Phase 2 review. This decision underscores the regulator's concerns about the potential for reduced competition within Western Australia's insurance market. - read more
    Australian Insurers Achieve $6.1 Billion Profit Amid Rising Premiums
    Australian Insurers Achieve $6.1 Billion Profit Amid Rising Premiums
    16 May 2026: Paige Estritori
    Australia's insurance industry has reported a significant after-tax profit of $6.1 billion for the year 2024, marking a substantial increase compared to previous years. This surge in profitability is attributed to a combination of premium hikes and a year characterized by fewer severe weather events. - read more
    Unprecedented Spike in Mental Health Insurance Claims Highlights Need for Prompt Payouts
    Unprecedented Spike in Mental Health Insurance Claims Highlights Need for Prompt Payouts
    16 May 2026: Paige Estritori
    Australia is witnessing an unprecedented increase in mental health-related insurance claims, prompting consumer advocates to urge insurers and superannuation funds to expedite payouts to affected individuals. - read more
    Federal Court Denies Allianz's Attempt to Limit Sexual Misconduct Coverage
    Federal Court Denies Allianz's Attempt to Limit Sexual Misconduct Coverage
    16 May 2026: Paige Estritori
    In a landmark decision on April 28, 2026, the Federal Court dismissed Allianz Australia's bid to impose a cap on sexual misconduct coverage under the Uniting Church's professional indemnity policy. This ruling underscores the judiciary's stance on upholding policy terms as executed, rather than as later interpreted by insurers. - read more
    Markel Unveils Customised Professional Indemnity Insurance for Australian Market
    Markel Unveils Customised Professional Indemnity Insurance for Australian Market
    16 May 2026: Paige Estritori
    Markel, a prominent US-based specialty insurer, has announced the launch of professional indemnity (PI) insurance products specifically designed for the Australian market. 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
    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
    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
    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 Insurance: Which Car Insurance is Right for You?
    Comprehensive vs. Third Party Insurance: Which Car Insurance is Right for You?
    Car insurance is a crucial component of responsible vehicle ownership. It offers financial protection against unforeseen events on the road, providing peace of mind for drivers across the country. In Australia, navigating the world of car insurance can initially seem daunting, but understanding the basics can make the process smoother and more intuitive. - read more
    Comprehensive Car Insurance: Is It Worth the Investment?
    Comprehensive Car Insurance: Is It Worth the Investment?
    When you're a new driver in Australia, understanding car insurance can be a bit overwhelming. - read more

    Knowledgebase
    Elimination Period:
    The time period between an injury and the receipt of benefit payments from an insurer, particularly in disability insurance.