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Insurance News

ACCC Intensifies Review of IAG's Proposed RAC Insurance Acquisition
ACCC Intensifies Review of IAG's Proposed RAC Insurance Acquisition
05 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, moving the process to a Phase 2 review. This decision reflects concerns that the merger could significantly reduce competition within Western Australia's insurance sector. - read more
ACCC Evaluates Swiss Re's Acquisition of QBE's Trade Credit & Surety Business
ACCC Evaluates Swiss Re's Acquisition of QBE's Trade Credit & Surety Business
05 May 2026: Paige Estritori
Swiss Re International SE's proposal to acquire specific assets from QBE Insurance Holdings, particularly its Trade Credit & Surety business, is currently under review by the Australian Competition and Consumer Commission (ACCC). This evaluation aims to determine the acquisition's potential effects on competition within Australia's insurance sector. - read more
Suncorp Demonstrates Resilience Amid Escalating Natural Hazard Expenses
Suncorp Demonstrates Resilience Amid Escalating Natural Hazard Expenses
05 May 2026: Paige Estritori
Suncorp Group has reported a substantial increase in natural hazard costs for the first half of the 2026 financial year, with expenses rising to AU$1.319 billion from AU$503 million in the corresponding period of the previous year. Despite this significant escalation, the company maintains a strong capital position and a resilient underlying business. - read more
Significant Decline in Australian Commercial Insurance Rates in Q1 2026
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
Professionals Insurance Articles

Understanding Professional Indemnity Insurance: A Guide for Australian Consultants
Understanding Professional Indemnity Insurance: A Guide for Australian Consultants
Professional indemnity insurance is a type of insurance designed to protect professionals against claims made by clients for losses or damages incurred due to the services they have provided. It essentially acts as a safety net, safeguarding professionals when things don't go as planned, whether because of an error, an omission, or alleged negligence. - read more
The Importance of Public Liability Insurance for Professional Consultants
The Importance of Public Liability Insurance for Professional Consultants
Public liability insurance is a type of insurance coverage that protects businesses and individuals from the financial risks associated with claims of personal injury or property damage to third parties. Essentially, it is a safety net that helps manage the potential costs that come with accidents or mishaps that occur in the course of conducting one's business activities. - read more
Building a Resilient Consulting Business: Tips for Risk Reduction
Building a Resilient Consulting Business: Tips for Risk Reduction
In the competitive world of consulting, building a resilient business is essential for both growth and sustainability. Understanding how to reduce risks is a vital component of this resilience. Consultants, whether seasoned professionals or new freelancers, must be aware of the myriad risks that can impact their business operations and client relationships. - read more
How to Build Your Brand as a Freelance Consultant in Australia
How to Build Your Brand as a Freelance Consultant in Australia
In the fast-paced world of freelancing, building a strong personal brand is not just an option; it’s a necessity. For consultants, your brand sets you apart from the competition and acts as your professional identity. Personal branding helps convey your values, skills, and the unique perspective you bring to the table. - read more

Knowledgebase
Insurance Premium:
The periodic amount paid for the purchase of insurance.