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      Insurance News

      Resilience in Australia's Non-Life Insurance Sector Amidst Volatile Risks
      Resilience in Australia's Non-Life Insurance Sector Amidst Volatile Risks
      13 May 2026: Paige Estritori
      Australia's non-life insurance industry has demonstrated remarkable resilience in the face of an increasingly complex and interconnected risk landscape. According to a recent report by AM Best, the sector achieved total insurance revenue of approximately AUD 77.7 billion for the fiscal year ending 30 June 2025. This performance underscores the industry's ability to navigate challenges and maintain robust growth. - read more
      IAG Enhances Risk Management by Integrating RACQ Insurance into 2026 Reinsurance Program
      IAG Enhances Risk Management by Integrating RACQ Insurance into 2026 Reinsurance Program
      13 May 2026: Paige Estritori
      Insurance Australia Group (IAG) has successfully integrated RACQ Insurance (RACQI) into its 2026 catastrophe reinsurance program. This strategic move follows IAG's acquisition of RACQI on 1 September 2025 and represents a significant step in enhancing the company's risk management framework. - read more
      Bupa Champions Disability Support Program in Queensland Following Veteran's Passing
      Bupa Champions Disability Support Program in Queensland Following Veteran's Passing
      13 May 2026: Paige Estritori
      Health insurer Bupa has extended its support to a program aimed at assisting Queenslanders with disabilities, emphasizing the importance of social connection and skill development. This initiative comes in the wake of the loss of a veteran participant, highlighting the program's significance in the community. - read more
      HESTA Announces 12% Reduction in Insurance Fees for Members
      HESTA Announces 12% Reduction in Insurance Fees for Members
      13 May 2026: Paige Estritori
      In a significant move to support its members, HESTA has announced an average 12% reduction in insurance fees across all cover types, effective from 1 July 2026. This initiative is part of a broader strategy to provide more accessible and affordable insurance coverage for its members, many of whom are professionals in the fitness industry. - read more

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      Coverage:
      The amount of risk or liability covered for an individual or entity by way of insurance services.