NRMA's Exit from Farm Insurance: What It Means for Australian Farmers
Exploring Trusted Alternatives to Safeguard Your Agricultural Operations
0
The 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.
Urgent Update for Australian Farmers: NRMA Exits Farm Insurance Market-Here’s Your Trusted Alternative
If you’ve recently tried to renew or enquire about farm insurance with NRMA, you may have already heard the news.
NRMA has officially announced that they will no longer be offering Farm Insurance policies, including both Hobby Farm Insurance and Rural Farm Insurance. The company ceased selling new policies as of July 1, 2025.
For Australian farmers, this change leaves a significant gap in the market and raises a crucial question: Who can you trust to protect your livelihood now?
The answer is a partner who specialises purely in your sector.
Don’t Let a Market Change Leave Your Farm Exposed
The agricultural sector faces unique, complex, and high-stakes risks-from unpredictable weather events and equipment breakdown to changes in regulation and liability issues.
Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.
Quay Marine Insurance has been appointed as a Coverholder for XL Insurance Company SE (XLICSE), a subsidiary of AXA XL, marking a significant milestone in its mission to provide tailored marine insurance solutions across Australia. - read more
Insurance Australia Group (IAG) has reached a confidential settlement in the $4 billion lawsuit initiated by Greensill Bank AG and its insolvency administrator. This legal action stemmed from disputes over insurance coverage related to Greensill's financial products. - read more
A recent analysis by Macquarie has revealed a significant decline in the domestic business package market share held by Australian insurers, dropping to approximately 48% in the fiscal year 2025 from nearly 67% a decade ago. - read more
Suncorp has successfully secured up to AU$2.4 billion in reinsurance protection over five years, leading to a significant 10% increase in its share value. This strategic move is expected to bolster the company's fiscal 2026 growth outlook, with projected gross written premium growth of 3% across its Australia and New Zealand operations. The reinsurance arrangement, effective from June 30, is designed to cap natural hazard costs in approximately 90% of scenarios, thereby reducing earnings volatility. - read more
No comments yet. Be the first to share your thoughts.