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Insurance News
| Allianz Partners Highlights Risks of Travelling Uninsured 20 Mar 2026: Paige Estritori Recent research conducted by the Insurance Council of Australia (ICA) and the Department of Foreign Affairs and Trade (DFAT) has unveiled a concerning trend: approximately 14% of Australian travellers embark on international journeys without any form of travel insurance. This statistic has prompted Allianz Partners to urge Australians to reconsider the importance of securing adequate coverage before travelling abroad. - read more |
| Rising Medical Costs Lead to Surge in High-Value Travel Insurance Claims 20 Mar 2026: Paige Estritori Southern Cross Travel Insurance (SCTI) has reported a notable rise in high-cost travel insurance claims, underscoring the escalating medical expenses faced by Australian travellers abroad. The insurer's most expensive claim last year amounted to $672,630, a 259% increase compared to the previous year's highest claim. - read more |
| Australian Travel Insurers Extend Support During Middle East Conflict 20 Mar 2026: Paige Estritori In response to the ongoing conflict in the Middle East, Australian travel insurers have mobilised additional resources to support customers impacted by the situation. The Insurance Council of Australia (ICA) announced that insurers are providing dedicated 24/7 assistance, coordinating medical care, and prioritising support for those in affected regions. - read more |
| Key Challenges for Australian Insurers in 2026: Premiums, Cybersecurity, and Talent 20 Mar 2026: Paige Estritori As the Australian insurance industry progresses through 2026, it faces a trio of significant challenges: escalating premium costs, increasing cyber threats, and a tightening labour market. These issues are reshaping the sector's priorities and strategies. - read more |
| Significant Decline in Australian Commercial Insurance Rates in Late 2025 20 Mar 2026: Paige Estritori In the final quarter of 2025, Australia's commercial insurance sector experienced a notable 12% reduction in rates, marking the most substantial decrease among eight regions monitored by Marsh Risk's Global Insurance Market Index. This trend reflects a broader global pattern of declining insurance rates, with the composite index falling for the sixth consecutive quarter. - read more |
| Upcoming 4.41% Increase in Australian Private Health Insurance Premiums 20 Mar 2026: Paige Estritori Starting 1 April 2026, Australians will face an average increase of 4.41% in private health insurance premiums, marking the most significant rise since 2017. This adjustment comes in the wake of escalating healthcare costs and increased utilisation of health services. - read more |
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Life Insurance Articles
| The Ultimate Guide to Comparing Health Insurance Plans in Australia Australia is renowned for its iconic landmarks, diverse ecosystems, and robust healthcare system. While the public healthcare system, Medicare, provides essential health services, it might not cover everything. The allure of private health coverage lies in its promise of broader options, reduced wait times, and coverage for services not included in Medicare, like dental and optical care. - read more
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| Comparing Income Protection Policies: What Australians Should Look For Income protection insurance serves as a financial safety net for countless Australians, offering a replacement income when unforeseen circumstances such as illness or injury impede their ability to earn. For the self-employed and entrepreneurs who may not have the safety nets offered by corporate employment, such protection is particularly important. - read more
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| Too Young to Insure? and Other Life Insurance Misconceptions in Australia Many Australians recognise the importance of life insurance, yet a substantial number believe that it's a concern for the later stages of life. This common oversight can lead to missed opportunities for financial security and peace of mind. In this introductory section, we'll address why life insurance is a pivotal component of financial planning for individuals at any age, including the young adults just starting their careers. - read more
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| Understanding Life Insurance: Coverage Types to Protect Your Loved Ones The importance of life insurance in financial planning: Life insurance isn’t just a policy; it’s a cornerstone of comprehensive financial planning. By protecting your family’s financial future, life insurance offers peace of mind, knowing that your loved ones will be taken care of in the event of your untimely passing. It’s not solely about leaving behind a legacy, but also ensuring that your family can maintain their standard of living, pay off debts, and cover end-of-life expenses without financial burden. - read more
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| Income Protection Insurance: A Must-Have for Australian Adults Insurance is a crucial component of financial planning. While many Australians understand the importance of life insurance, there's another vital type of coverage that often gets overlooked: income protection insurance. - read more
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| How Pre-Existing Conditions Influence Life Insurance Premiums When it comes to life insurance, a pre-existing condition refers to any medical condition or illness that you have been diagnosed with before applying for a life insurance policy. - read more
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Knowledgebase
Elimination Period:
The time period between an injury and the receipt of benefit payments from an insurer, particularly in disability insurance.
The time period between an injury and the receipt of benefit payments from an insurer, particularly in disability insurance.