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Life Insurance Articles
Insurance News
Suncorp's Strategic Reinsurance Move to Bolster Financial Stability
06 May 2026: Paige Estritori
Suncorp has recently finalised a substantial reinsurance agreement valued at AU$2.4 billion, spanning five years. This strategic move is designed to cap natural hazard costs in approximately 90% of scenarios, thereby enhancing the company's financial resilience. - read more
IAG's Steadfast Profit Targets Amidst Acquisition Challenges
06 May 2026: Paige Estritori
Insurance Australia Group (IAG) has reported a net profit after tax of AU$505 million for the first half of the 2026 financial year, a decrease from AU$778 million in the same period of 2025. This decline is primarily attributed to the AU$174 million impact from severe weather events immediately following the acquisition of RACQ Insurance (RACQI), which occurred before the business was integrated into IAG's comprehensive reinsurance program in January 2026. - read more
ACCC's In-Depth Review of IAG's Proposed RAC Insurance Acquisition
06 May 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has escalated its scrutiny of Insurance Australia Group's (IAG) proposed acquisition of RAC Insurance, announcing a Phase 2 review to assess potential competition concerns within Western Australia's insurance market. - read more
Bupa's 2026 Health Insurance Premiums to Rise by 4.8% from April
06 May 2026: Paige Estritori
Bupa Australia has announced a 4.8% increase in health insurance premiums, effective from April 1, 2026. This adjustment, approved by the Federal Health Minister, reflects the rising costs associated with healthcare services and the growing demand for medical treatments. - read moreStart Here !
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Knowledgebase
Grace Period:
A time period after the premium is due during which an insurance policy remains in force even if the premium has not yet been paid.
A time period after the premium is due during which an insurance policy remains in force even if the premium has not yet been paid.