Income Protection NZ :: News
Insurance News from Income Protection NZ
Income Protection NZ is pleased to present the latest financial news headlines.
To read an entire news item, simply click on the headline.
News items on this page are prepared by our editorial team as summaries of publicly available news reports and
official announcements. See linked news sources where available. The following news items are for informational purposes only and are
not independent journalism.
Cover-More and Aon Forge New Travel Insurance Partnership in Australia
29 Apr 2026: Paige Estritori
In a significant development for the Australian travel insurance market, Cover-More, a subsidiary of Zurich's Cover-More Group, has entered into a strategic partnership with global brokerage firm Aon. This collaboration designates Cover-More as the exclusive provider of travel insurance products to Aon's Australian retail customers and employees.
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ATIA Intensifies Efforts to Secure Permanent Travel Insurance Sales Rights
29 Apr 2026: Paige Estritori
The Australian Travel Industry Association (ATIA) is actively campaigning to secure the permanent right for travel agents, tour operators, and accredited travel businesses to sell travel insurance at the time of booking. This initiative follows an exemption granted in 2021, which is set to expire in October 2026.
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SCTI Highlights Increase in Domestic Travel Insurance Claims and Coverage Gaps
29 Apr 2026: Paige Estritori
Southern Cross Travel Insurance (SCTI) has reported a significant increase in domestic travel insurance claims, shedding light on the existing coverage gaps among Australian travellers. In the first eight and a half months of 2025, SCTI settled over $240,000 in claims related to local and interstate trips.
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Australian Commercial Insurance Rates Experience Significant Decline in Q1 2026
29 Apr 2026: Paige Estritori
The Australian commercial insurance sector has witnessed a notable 12% decline in rates during the first quarter of 2026, as reported by Marsh's Global Insurance Market Index. This marks the seventh consecutive quarter of rate reductions, reflecting a sustained trend in the market.
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Australian Insurers Achieve $5.2 Billion Profit in 2025 Despite Weather-Related Losses
29 Apr 2026: Paige Estritori
In 2025, the Australian general insurance industry demonstrated resilience by achieving a profit after tax of $5.2 billion, according to KPMG's annual review. This solid performance comes despite a decrease from the $6.2 billion profit recorded in 2024, primarily due to multiple weather events impacting the sector.
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The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
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