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    Insurance News

    HESTA Announces 12% Reduction in Insurance Fees for Members
    HESTA Announces 12% Reduction in Insurance Fees for Members
    13 Jun 2026: Paige Estritori
    HESTA, a prominent Australian superannuation fund, has unveiled a significant reduction in insurance fees for its members, averaging 12% across all cover types. This initiative, set to commence on 1 July 2026, aims to provide more accessible and affordable insurance options for its members. - read more
    Suncorp Finalizes AU$2.4 Billion Reinsurance Agreement to Enhance Financial Stability
    Suncorp Finalizes AU$2.4 Billion Reinsurance Agreement to Enhance Financial Stability
    13 Jun 2026: Paige Estritori
    Suncorp, a leading Australian general insurer, has successfully secured a substantial reinsurance agreement valued at up to AU$2.4 billion over five years. This strategic move aims to cap natural hazard costs in approximately 90% of scenarios, thereby enhancing the company's financial stability and growth prospects. - read more
    Bupa Announces 4.8% Increase in Health Insurance Premiums Effective April 2026
    Bupa Announces 4.8% Increase in Health Insurance Premiums Effective April 2026
    13 Jun 2026: Paige Estritori
    Bupa Australia has announced a 4.8% increase in health insurance premiums, effective from 1 April 2026. This adjustment, approved by the Federal Health Minister, reflects the rising costs associated with healthcare services and the growing demand for medical treatments. - read more
    IAG Resolves $4 Billion Greensill Bank Lawsuit
    IAG Resolves $4 Billion Greensill Bank Lawsuit
    13 Jun 2026: Paige Estritori
    Insurance Australia Group (IAG), Australia's largest general insurer, has reached a confidential settlement in the $4 billion lawsuit initiated by Greensill Bank AG and its insolvency administrator. This legal action stemmed from disputes over insurance coverage related to Greensill's financial products. - read more
    ACCC Halts IAG's Proposed Acquisition of RAC Insurance
    ACCC Halts IAG's Proposed Acquisition of RAC Insurance
    13 Jun 2026: Paige Estritori
    The Australian Competition and Consumer Commission (ACCC) has opposed Insurance Australia Group's (IAG) proposed $1.35 billion acquisition of RAC Insurance, citing concerns that the deal could substantially reduce competition in Western Australia's insurance market. The ACCC's decision highlights the importance of maintaining a competitive landscape to ensure consumers have access to diverse and affordable insurance 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 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
    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
    Why Customisation Matters: Tailoring Car Insurance to Fit Your Needs
    Why Customisation Matters: Tailoring Car Insurance to Fit Your Needs
    Car insurance customisation refers to the process of tailoring an insurance policy to fit the specific needs and circumstances of an individual driver or business. Unlike standard, one-size-fits-all policies, customised car insurance allows for the inclusion and exclusion of coverage options based on the unique requirements of the insured party. - read more
    Understanding Add-Ons: Optional Car Insurance Coverages to Enhance Your Policy
    Understanding Add-Ons: Optional Car Insurance Coverages to Enhance Your Policy
    Car insurance is a crucial aspect of responsible vehicle ownership. It provides financial protection against accidents, theft, and other unforeseen events. In Australia, having the right car insurance policy can give you peace of mind on the road. - read more
    Why Do Age-Related Factors Matter in Car Insurance Premium Calculations?
    Why Do Age-Related Factors Matter in Car Insurance Premium Calculations?
    Car insurance is an essential part of owning and driving a vehicle, providing protection and peace of mind on the road. While most Australians are familiar with the basic coverage options, understanding the finer details of premium calculations can be quite complex. One of the key factors influencing these calculations is age. - read more

    Knowledgebase
    Public Liability Insurance:
    A very broad term for insurance covering liability exposures for individuals and business owners. It provides broad coverage, generally including all exposures for property damage and bodily injury.