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Insurance News from Income Protection NZ
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Insurance News
| Marsh and Tokio Marine Kiln Introduce Port Disruption Insurance Amid Global Shipping Challenges 24 Nov 2025: Paige Estritori In response to escalating global shipping challenges, leading broker Marsh and Lloyd's underwriter Tokio Marine Kiln have launched a pioneering business interruption insurance specifically designed for ports. This innovative product aims to mitigate the financial impact of trade disruptions caused by various factors, including geopolitical tensions and operational strikes. - read more |
| Allianz Australia's Strategic Expansion: RAA Insurance Acquisition 24 Nov 2025: Paige Estritori In a significant move within the Australian insurance sector, Allianz Australia has successfully completed the acquisition of RAA Insurance for $642 million. This strategic acquisition, approved by the competition regulator on June 12, 2025, marks a substantial expansion of Allianz's footprint in the South Australian market. - read more |
| Australian Parliament's Inquiry into Small Business Insurance: What It Means for You 24 Nov 2025: Paige Estritori The Australian Parliament has initiated a comprehensive inquiry into the provision, regulation, and pricing of modern insurance products for small businesses and not-for-profit organisations. Announced on October 29, 2025, this inquiry aims to address critical issues affecting the insurance landscape for small enterprises across the nation. - read more |
| ASIC's $16.8 Million Penalty on Allianz Australia: A Wake-Up Call for the Insurance Industry 24 Nov 2025: Paige Estritori The Australian Securities and Investments Commission (ASIC) has imposed a $16.8 million fine on Allianz Australia and its subsidiary, AWP Australia, for making false and misleading statements regarding travel insurance products. This penalty, announced on February 28, 2025, underscores the regulator's commitment to maintaining transparency and integrity within the insurance sector. - read more |
| IAG Projects Significant Premium Growth and Profit Increase for FY26 24 Nov 2025: Paige Estritori Insurance Australia Group (IAG) has announced an optimistic forecast for the financial year 2026, anticipating a 10% increase in gross written premium (GWP) and an insurance profit ranging between $1.55 billion and $1.75 billion. This projection follows a robust performance in FY25, where IAG reported a 4.3% rise in GWP to $17.1 billion and a net profit after tax of $1.36 billion. - read more |
| Australian General Insurers Report Record 19% Return on Equity in FY25 24 Nov 2025: Paige Estritori Australia's general insurance industry has reported a 19% return on equity (ROE) for the financial year 2025, marking the highest level in a decade. This significant achievement is detailed in the latest Optima Report by actuarial consultancy Finity, which attributes the strong performance to a combination of favorable factors. - read more |
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Life Insurance Articles
| The Ultimate Guide to Understanding Life Insurance in Australia Life insurance is a contract between an individual and an insurance company. The insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. - read more
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| Protecting Your Legacy: Estate Planning and Life Insurance for Australians When thinking about the future, it's essential to have a comprehensive strategy that ensures the well-being of your loved ones and the security of your assets. Estate planning and life insurance are two critical pillars in safeguarding your family's financial stability. Despite the complexity often associated with these topics, understanding their importance and implementing them correctly can provide immense peace of mind. - read more
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| Life Insurance and Estate Planning: What You Need to Know Life insurance and estate planning are critical components of financial security. They ensure that your loved ones are protected financially when you are no longer around. By understanding these tools, you can take significant steps to secure your family's future. - read more
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| Understanding Income Protection: How Much Insurance Do You Really Need? Income protection insurance is a type of policy designed to provide you with a safety net in case you’re unable to work due to illness or injury. The concept hinges on securing a portion of your earned income when adverse health conditions impede your ability to generate revenue through your profession. This protection becomes a financial bulwark, ensuring that despite unforeseen health challenges, your livelihood is safeguarded and your lifestyle can be maintained as closely as possible to your current standard. - read more
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| Understanding the Tax Benefits of Income Protection Insurance in Australia Income protection insurance is a crucial safeguard for many Australians, designed to provide financial stability in the event that you are unable to work due to illness or injury. This type of insurance delivers a regular income, usually up to a certain percentage of your regular earnings, ensuring that you can meet your financial obligations even when your health prevents you from earning a wage. - read more
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| Combining Financial Security and Affordability: Income Protection for Australians Explained Financial security is a cornerstone of peace of mind, particularly when life is known for its unpredictability. This introductory section sheds light on the vital nature of income protection insurance and its role in safeguarding Australians' financial well-being. Ensuring continual financial inflow during times of illness or injury not only offers stability but also protects one's standard of living. - read more
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Knowledgebase
Term Life Insurance:
A type of life insurance policy that provides coverage for a specified period, such as 10 or 20 years.
A type of life insurance policy that provides coverage for a specified period, such as 10 or 20 years.