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Insurance News from Compare Life Insurance
Compare Life Insurance is pleased to present the latest financial news headlines.
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News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.
Insurance News
Queensland WorkCover Freeze Offers Breathing Room for Tradie Employers
29 Jun 2026: Paige Estritori
Queensland trade businesses have received a welcome measure of cost certainty, with WorkCover Queensland’s average premium rate to remain unchanged for the 2026-27 financial year. The rate will stay at $1.343 per $100 of wages, marking the second consecutive year without an increase. - read more
AI Risk Is Moving From IT Teams to the Boardroom
29 Jun 2026: Paige Estritori
Artificial intelligence is no longer a side project for technology teams. Fresh industry reporting on Clyde & Co’s Corporate Risk Radar 2026 points to a sharp rise in concern among business leaders, with technology risk now being treated as a core governance, regulatory and reputational issue. For Australian consultants, advisers, designers, engineers, accountants, marketers and other professional service providers, that shift has direct implications for risk management and professional indemnity cover. - read more
Vero’s New Strata Product Signals a Shift in How Complex Risks Are Priced
29 Jun 2026: Paige Estritori
Vero has launched a new residential strata insurance product that could prove important for schemes finding it difficult to secure suitable cover, particularly in higher-risk northern markets. The product, introduced on 22 June 2026, is initially available in selected postcodes across Far North Queensland, from Bundaberg North, and Darwin, with a staged national rollout planned over the next year. - read more
AI Adoption Brings New Risk Questions for Office-Based SMEs
29 Jun 2026: Paige Estritori
Artificial intelligence is quickly moving from experiment to everyday business tool, and a new global risk study suggests business leaders are starting to recognise the size of the shift. The latest Corporate Risk Radar research from Clyde & Co found technology risk has climbed sharply in the minds of senior decision-makers, with AI now linked not only to IT security but also governance, regulation, reputation and third-party dependency. - read moreThe information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
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Reinsurance:
Insurance that an insurance company purchases from another insurance company to mitigate risk.
Insurance that an insurance company purchases from another insurance company to mitigate risk.