Cyber Insurance Online :: News
SHARE

Share this news item!

ASIC Announces 2025 Focus on Insurance Pricing and Claims Handling

What Beauticians Need to Know About Upcoming Regulatory Changes

ASIC Announces 2025 Focus on Insurance Pricing and Claims Handling?w=400

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.

The Australian Securities and Investments Commission (ASIC) has unveiled its enforcement priorities for 2025, placing a significant emphasis on insurance pricing practices, claims handling, and complaints processes.
This initiative aims to enhance consumer protection and ensure fair practices within the insurance industry.

Sarah Court, ASIC's Deputy Chair, highlighted the regulator's commitment to addressing misleading pricing practices that complicate financial decisions for Australians. Over the past year, ASIC has intensified its oversight, doubling new investigations and nearly doubling court filings to enforce compliance.

For beauticians, this regulatory focus is particularly pertinent. The beauty industry often involves complex insurance needs, including coverage for client injuries, property damage, and business interruptions. Understanding how these regulatory changes may impact insurance policies and claims processes is crucial.

Beauticians should consider the following steps to align with ASIC's focus:

  • Review existing insurance policies to ensure they comply with current regulations and provide adequate coverage.
  • Stay informed about changes in insurance pricing and claims handling practices.
  • Engage with insurance providers to understand how these regulatory priorities may affect their policies and premiums.

By proactively addressing these areas, beauticians can better protect their businesses and clients, ensuring compliance with evolving industry standards.

Published:Monday, 1st Dec 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Businesses Advocate for Reforms Amid Rising Insurance Premiums
Businesses Advocate for Reforms Amid Rising Insurance Premiums
01 Dec 2025: Paige Estritori
The Australian Chamber of Commerce and Industry, in collaboration with the Insurance Council of Australia, has released a report highlighting the urgent need for coordinated reforms to address the escalating insurance premiums affecting small and medium-sized enterprises (SMEs). The report underscores that soaring premiums are compelling many SMEs, including beauty salons, to either forgo insurance or reduce coverage, posing significant risks to their operations. - read more
AFCA Determines Home-Based Waxing Salon Is a Business
AFCA Determines Home-Based Waxing Salon Is a Business
01 Dec 2025: Paige Estritori
The Australian Financial Complaints Authority (AFCA) recently ruled that a home-based waxing salon operated by a Suncorp customer constitutes a business, not merely a hobby. This decision has significant implications for beauticians managing home-based operations, particularly concerning insurance disclosures and compliance. - read more
ASIC Announces 2025 Focus on Insurance Pricing and Claims Handling
ASIC Announces 2025 Focus on Insurance Pricing and Claims Handling
01 Dec 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has unveiled its enforcement priorities for 2025, placing a significant emphasis on insurance pricing practices, claims handling, and complaints processes. This initiative aims to enhance consumer protection and ensure fair practices within the insurance industry. - read more
WFI Insurance's $250,000 Donation Supports Flood-Affected Queensland Farmers
WFI Insurance's $250,000 Donation Supports Flood-Affected Queensland Farmers
30 Nov 2025: Paige Estritori
In response to the catastrophic flooding that has devastated parts of western Queensland, WFI Insurance has stepped forward with a substantial donation of $250,000 to Rural Aid. This contribution is aimed at bolstering relief efforts for farming communities grappling with the aftermath of the region's most severe floods in half a century. - read more
AFCA Supports Significant Home Insurance Premium Increase Based on Updated Flood Risk Assessment
AFCA Supports Significant Home Insurance Premium Increase Based on Updated Flood Risk Assessment
30 Nov 2025: Paige Estritori
The Australian Financial Complaints Authority (AFCA) has recently upheld a substantial increase in home insurance premiums for a property, attributing the rise to updated assessments of flood risk. This decision underscores the critical role of accurate risk evaluation in determining insurance costs and the necessity for property owners to stay informed about potential changes in their risk profiles. - read more


Cyber Insurance Articles

Case Studies: The True Impact of Cyber Attacks on Australian Small Businesses
Case Studies: The True Impact of Cyber Attacks on Australian Small Businesses
As we delve into the digital era, the number of cyber threats that challenge Australian small businesses is significantly on the rise. Cyber attacks have become more sophisticated, frequent, and continue to disrupt the operations of small enterprises, often with devastating consequences. The need to fortify defenses against such threats has never been more paramount. - read more
How to Protect Your Small Business from Cyber Threats
How to Protect Your Small Business from Cyber Threats
In today's digital age, the rising importance of cybersecurity for small businesses in Australia cannot be overstated. As technology permeates every aspect of business operations, it offers tremendous advantages but also exposes small businesses to a growing array of cyber threats. These threats are increasingly targeting small companies, seeking to exploit vulnerabilities and potentially cause significant financial and reputational damage. - read more
Understanding Cyber Threats and How They Affect Your Finances
Understanding Cyber Threats and How They Affect Your Finances
Cyber threats refer to malicious acts that seek to damage data, steal information, or disrupt digital operations. These threats can come in various forms, such as malware, phishing attacks, ransomware, and more. - read more
Cyber Security Checklists: Keeping Your Small Business Safe
Cyber Security Checklists: Keeping Your Small Business Safe
In today's digital age, cyber security has become a critical aspect for small businesses in Australia. As more operations move online, the potential for cyber threats increases. Small businesses are particularly vulnerable, making it essential to understand and address these risks proactively. - read more
How to Safeguard Your Financial Data from Cyber Threats
How to Safeguard Your Financial Data from Cyber Threats
Cyber risk management involves identifying, assessing, and mitigating risks related to digital and online threats. These threats can include unauthorized access to sensitive information, data breaches, and other malicious activities targeting an organization’s digital infrastructure. - read more


Your free Cyber insurance quote comparison starts here!
First Name:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Whole Life Insurance:
A type of life insurance that provides coverage for the insured's entire lifetime, with a savings component that builds cash value.