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    Insurance News

    APRA's Intervention: Halting Unjustified Premium Hikes in Commercial Auto Insurance
    APRA's Intervention: Halting Unjustified Premium Hikes in Commercial Auto Insurance
    24 May 2026: Paige Estritori
    In March 2026, the Australian Prudential Regulation Authority (APRA) took decisive action to address significant premium hikes in the commercial auto insurance sector. Responding to widespread industry concerns, APRA issued emergency regulations to freeze unjustified baseline premium increases exceeding 25%, pending external review. This intervention aims to protect independent transport operators and logistics enterprises from immediate financial strain. - read more
    HESTA to Reduce Insurance Fees by 12% Starting July 2026
    HESTA to Reduce Insurance Fees by 12% Starting July 2026
    24 May 2026: Paige Estritori
    HESTA, a leading Australian superannuation fund, has announced 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
    Government Announces Major NDIS Cuts to Save Over $36 Billion
    Government Announces Major NDIS Cuts to Save Over $36 Billion
    24 May 2026: Paige Estritori
    The Australian government has unveiled plans to significantly reduce the growth of the National Disability Insurance Scheme (NDIS), aiming to save $36.2 billion over the next four years. This decision marks the largest single savings measure in the 2026 federal budget. - read more
    Australian Insurers Highlight Key Risks for 2026
    Australian Insurers Highlight Key Risks for 2026
    24 May 2026: Paige Estritori
    As 2026 unfolds, Australian insurers have identified three primary challenges: rising premium costs and shrinking insurability, ongoing cyber and data risks, and increasing difficulty in hiring and retaining skilled workers. These insights are drawn from industry feedback cited in Gallagher Bassett’s upcoming report, 'The Carrier Perspective: 2026 Claims Insights.' - read more
    QLS Approves 15% Reduction in Professional Indemnity Insurance Levies for 2026/27
    QLS Approves 15% Reduction in Professional Indemnity Insurance Levies for 2026/27
    24 May 2026: Paige Estritori
    The Queensland Law Society (QLS) has announced a significant 15% reduction in professional indemnity (PI) insurance levies for the 2026/27 period. This decision, approved by the QLS Council in April 2026, is set to benefit legal practitioners across Queensland by lowering their insurance premiums. - read more
    Car Insurance Articles

    Don't Get Caught: Essential Tips for Avoiding Car Insurance Mistakes
    Don't Get Caught: Essential Tips for Avoiding Car Insurance Mistakes
    When it comes to protecting your vehicle and your finances, car insurance is a crucial investment. In Australia, car insurance helps cover the costs associated with accidents, theft, and other unexpected events on the road. - 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
    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
    Is Comprehensive Car Cover Worth It? Exploring the Benefits for Australian Drivers
    Is Comprehensive Car Cover Worth It? Exploring the Benefits for Australian Drivers
    Comprehensive car cover is a type of vehicle insurance policy that provides the most extensive range of protection. It aims to cover a wide array of potential events that could affect your car. - 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
    Loss Ratio:
    The ratio of claims paid by an insurer to the premiums earned, used as a measure of profitability.