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Compare Life Insurance is a proud member of the Financial Services Online network, owned and operated by Clark Family Pty Ltd, A.C.N. 010 281 008 and we are committed to helping Australian individuals and businesses locate the best financial products, services, information and advice available via the internet.

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Life Insurance Articles


Insurance News

Rising Professional Indemnity Claims in Australia's Financial Services Industry
Rising Professional Indemnity Claims in Australia's Financial Services Industry
30 Apr 2026: Paige Estritori
The Australian financial services sector is currently witnessing a significant increase in professional indemnity (PI) insurance claims. This trend is largely attributed to intensified regulatory scrutiny and recent legal actions initiated by the Australian Securities and Investments Commission (ASIC). - read more
Sterling Insurance Enhances Professional Indemnity Offerings with New Lloyd's Binding Authority
Sterling Insurance Enhances Professional Indemnity Offerings with New Lloyd's Binding Authority
30 Apr 2026: Paige Estritori
Sterling Insurance has recently secured a new professional indemnity (PI) binding authority with Lloyd's, a development that promises to provide Australian brokers with greater control over product offerings and pricing structures. This strategic move is part of Sterling's ongoing commitment to delivering tailored insurance solutions that meet the specific needs of niche and complex risk sectors. - read more
Mandatory Professional Indemnity Insurance for NSW Builders Effective July 2026
Mandatory Professional Indemnity Insurance for NSW Builders Effective July 2026
30 Apr 2026: Paige Estritori
Starting 1 July 2026, builders in New South Wales (NSW) who engage in design-related activities will be required to hold professional indemnity (PI) insurance. This mandate is part of the Design and Building Practitioners Act (DBP Act), which aims to enhance accountability and quality within the construction industry. - read more
Navigating the Rise in Strata Insurance Premiums: Causes and Solutions
Navigating the Rise in Strata Insurance Premiums: Causes and Solutions
30 Apr 2026: Paige Estritori
In recent years, many Australian strata property owners have faced significant increases in insurance premiums, with some experiencing hikes of 40-80% since 2022. Understanding the underlying causes of these increases is crucial for developing effective strategies to manage and mitigate costs. - read more

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Knowledgebase
Underwriting:
The process by which an insurer determines the risk of insuring a client and decides the terms of coverage.