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ACCC Halts IAG's Bid to Acquire RAC Insurance

13 Jun 2026: Paige Estritori

The Australian Competition and Consumer Commission (ACCC) has officially opposed Insurance Australia Group's (IAG) proposed acquisition of RAC Insurance, a move that has significant implications for the insurance landscape in Western Australia. This decision follows a comprehensive six-month investigation into the potential impacts of the merger. - read more

Rising Mental Health Claims Pose Challenges for Australian Insurers

13 Jun 2026: Paige Estritori

Australia's insurance industry is currently grappling with an unprecedented surge in mental health-related claims, particularly within Total and Permanent Disability (TPD) insurance. This trend has raised significant concerns among consumer advocates and industry stakeholders, prompting calls for expedited claim processing and comprehensive policy reforms. - read more

Swiss Re Suspends New Life & Health Insurance Business in Australia

13 Jun 2026: Paige Estritori

Swiss Re Life & Health Australia has announced a temporary halt to new business activities in the country, effective October 2025. This decision comes as the company undertakes a comprehensive review of its product portfolio, focusing on enhancing the long-term sustainability of Total Permanent Disability (TPD) insurance. - read more

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

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Insurance Claim:
Notification to an insurance company requesting payment of an amount due under the terms of the policy.

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