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      Insurance News

      Sterling Insurance Enhances Professional Indemnity Offerings with Lloyd's Binder
      Sterling Insurance Enhances Professional Indemnity Offerings with Lloyd's Binder
      15 Jun 2026: Paige Estritori
      Sterling Insurance has recently secured a new professional indemnity (PI) binding authority with Lloyd's, a development that promises to provide Australian brokers with greater control over product offerings and pricing structures. This strategic move is part of Sterling's ongoing commitment to delivering tailored insurance solutions that meet the specific needs of niche and complex risk sectors. - read more
      Navigating the Complexities of Australia's Professional Indemnity Insurance Market
      Navigating the Complexities of Australia's Professional Indemnity Insurance Market
      15 Jun 2026: Paige Estritori
      The professional indemnity (PI) insurance market in Australia has experienced significant fluctuations over the past few years, presenting challenges for professionals across various disciplines. Understanding these market dynamics is crucial for securing appropriate coverage and managing risk effectively. - read more
      Cohabit's New Digital Platform Revolutionises Strata Insurance Management
      Cohabit's New Digital Platform Revolutionises Strata Insurance Management
      15 Jun 2026: Paige Estritori
      In a significant advancement for the strata insurance sector, insurtech company Cohabit has unveiled a digital platform designed to streamline the insurance process for strata schemes. This innovative solution allows property owners and managers to review and compare insurance options tailored to their specific buildings, leveraging comprehensive building data to facilitate informed decision-making. - read more
      Suncorp's Strategic Move to Grow Strata Insurance Portfolio
      Suncorp's Strategic Move to Grow Strata Insurance Portfolio
      15 Jun 2026: Paige Estritori
      Suncorp, a leading Australian insurer, has announced a strategic initiative to expand its presence in the strata insurance market. By reclassifying its strata insurance line from consumer to commercial, Suncorp aims to consolidate and grow its business in this sector, reflecting a clear strategic move to enhance its offerings for larger strata developments. - read more

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      Knowledgebase
      Depreciation:
      The reduction in the value of an asset over time, used in insurance to calculate the actual cash value of property.