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

IAG Reports $505 Million Profit Amidst Severe Weather Challenges

05 Jun 2026: Paige Estritori

Insurance Australia Group (IAG), one of Australia's leading insurers, has reported a net profit after tax of $505 million for the first half of the 2026 financial year. This performance reflects the company's resilience and strategic management amidst significant challenges posed by severe seasonal weather events. - read more

Navigating Rising Input Costs in Australia's Construction Industry

05 Jun 2026: Paige Estritori

Australia's construction sector is currently grappling with significant challenges as rising input costs impact project budgets and timelines. Factors contributing to this trend include: - read more

ICA Calls for Investment in Hard Mitigation Infrastructure Amid Disaster Fund Applications

05 Jun 2026: Paige Estritori

The Insurance Council of Australia (ICA) is advocating for a strategic focus on hard mitigation infrastructure as the federal government's Disaster Ready Fund opens its fourth round of applications. With up to $142.5 million available, the ICA emphasises the importance of investing in physical projects that directly reduce disaster risks. - read more

Zurich's Acquisition of ClearView Wealth Gains ACCC Approval

05 Jun 2026: Paige Estritori

The Australian Competition and Consumer Commission (ACCC) has granted approval for Zurich Financial Services to acquire ClearView Wealth, a move that signifies a notable consolidation within the Australian insurance industry. This acquisition is poised to reshape the competitive landscape, with potential implications for policyholders and the broader market. - read more

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