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Life Insurance Articles
Insurance News
Significant Decline in Australian Commercial Insurance Rates in Q1 2026
27 Apr 2026: Paige Estritori
In the first quarter of 2026, the Australian commercial insurance market experienced a notable 12% decline in rates, as reported by Marsh's latest market index. This trend mirrors the previous quarter's decrease, indicating a sustained period of softening premiums. Such developments are particularly relevant for consultants who rely on comprehensive insurance coverage to mitigate professional risks. - read more
Australian Insurers Achieve Robust Revenue Growth in Competitive Market
27 Apr 2026: Paige Estritori
Recent analysis by AM Best reveals that Australia's top ten non-life insurers have collectively reported insurance services revenue nearing $46 billion, marking an 11.1% increase in their latest annual results. This growth underscores the resilience and adaptability of the insurance sector amidst a competitive market landscape, offering valuable insights for consultants navigating the industry. - read more
IAG Achieves 6% GWP Growth Amidst Competitive Australian Insurance Market
27 Apr 2026: Paige Estritori
Insurance Australia Group (IAG) has reported a 6% growth in gross written premium (GWP), reaching $8.9 billion in the first half of the 2026 financial year. This achievement comes despite a highly competitive Australian insurance market, underscoring IAG's strategic focus on customer-centric approaches and technological innovation. - read more
Understanding Victoria's Security of Payment Act Reforms
27 Apr 2026: Paige Estritori
Victoria's construction industry is undergoing significant changes with the recent amendments to the Security of Payment Act (SOPA), which took effect on April 15, 2026. These reforms introduce new payment obligations and rights for builders and contractors, aiming to streamline payment processes and reduce disputes within the sector. - read moreStart Here !
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Claim:
A formal request made by the policyholder to the insurance company for payment of a loss covered by the insurance policy.
A formal request made by the policyholder to the insurance company for payment of a loss covered by the insurance policy.