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    Insurance News

    Life Insurers Under Scrutiny for Rising Delays in Claim Payments
    Life Insurers Under Scrutiny for Rising Delays in Claim Payments
    14 Jun 2026: Paige Estritori
    Recent findings from the Life Insurance Code Compliance Committee (Life CCC) have revealed a concerning 67% increase in violations related to delayed income protection and Total and Permanent Disability (TPD) claim payments by Australian life insurers. This surge in breaches has left many policyholders facing financial uncertainty during already challenging times. - read more
    Addressing Australia's Life Insurance Underinsurance Crisis: Calls for Regulatory Change
    Addressing Australia's Life Insurance Underinsurance Crisis: Calls for Regulatory Change
    14 Jun 2026: Paige Estritori
    Australia's life insurance industry is currently grappling with a significant underinsurance gap, described by industry leaders as a 'perfect storm' of challenges. This situation arises from a combination of social, economic, and regulatory factors that have led to decreased engagement with life insurance products, particularly among younger Australians. - read more
    Australian Government Unveils $27 Million Drought Resilience Fund
    Australian Government Unveils $27 Million Drought Resilience Fund
    14 Jun 2026: Paige Estritori
    In response to ongoing drought conditions affecting various regions, the Australian government has introduced a $27 million funding package designed to enhance the resilience of farmers and rural communities against future droughts and extreme weather events. This initiative underscores the government's commitment to supporting the agricultural sector in mitigating the impacts of climate variability. - read more
    InsurABLE's New Model Aims to Revolutionize Drought Insurance for Farmers
    InsurABLE's New Model Aims to Revolutionize Drought Insurance for Farmers
    14 Jun 2026: Paige Estritori
    InsurABLE, a company specializing in agricultural insurance solutions, has unveiled a groundbreaking model designed to offer Australian farmers financial protection against the adverse effects of drought. This initiative comes at a time when climate variability poses significant challenges to the agricultural sector. - read more
    Rise in Farm Fatalities Linked to Side-by-Side Vehicle Accidents
    Rise in Farm Fatalities Linked to Side-by-Side Vehicle Accidents
    14 Jun 2026: Paige Estritori
    Recent statistics have revealed a concerning increase in farm-related fatalities across Australia, with side-by-side vehicles (SSVs) emerging as the leading cause of these tragic incidents. This marks the first time SSVs have surpassed tractors and quad bikes in fatality statistics, underscoring the need for immediate attention to farm safety practices. - read more
    Cyber Insurance Articles

    Protecting Sensitive Data: Cyber Threat Prevention for Remote Teams
    Protecting Sensitive Data: Cyber Threat Prevention for Remote Teams
    Remote work has seen a significant rise in Australia, especially following the COVID-19 pandemic. More businesses are embracing flexibility, allowing employees to work from home or other remote locations. - read more
    From Phishing to Hacking: Examining the Coverage Options of Cyber Insurance Policies
    From Phishing to Hacking: Examining the Coverage Options of Cyber Insurance Policies
    In today's digital landscape, Australian small businesses face a myriad of cyber risks that can threaten their operations and financial stability. From sophisticated phishing scams to debilitating hacking attacks, the need to safeguard against such digital threats has never been more pressing. This introductory guide serves to illuminate the complexities of the cyber risk environment within Australia, focusing on the small business sector's unique vulnerabilities. - read more
    Navigating the Aftermath: Your Cyber Attack Recovery Roadmap
    Navigating the Aftermath: Your Cyber Attack Recovery Roadmap
    In an age where digital presence intertwines with daily operations, the threat landscape in Australia has magnified, exposing businesses to an evolving array of cyber threats. From sophisticated phishing attempts to ransomware attacks, the risk of digital insecurity looms large. Australia, with its growing technological adoption, finds itself facing an upsurge in cyber threat incidents year over year. - read more
    Protect Your Data: Cyber Security Measures Every Aussie Company Must Implement
    Protect Your Data: Cyber Security Measures Every Aussie Company Must Implement
    In today’s digital landscape, Australian companies face an increasing threat from cyber criminals. The paramount importance of cybersecurity has never been more evident, with the surge of incidents exposing the vulnerabilities in organizations' digital defenses. As we usher into an era where data breaches and cyber attacks are commonplace, protecting digital assets becomes a crucial part of doing business. - read more
    The Importance of Cyber Risk Management in Modern Business
    The Importance of Cyber Risk Management in Modern Business
    Cyber risk management involves identifying, assessing, and prioritizing potential risks to an organization's digital assets and implementing measures to mitigate these threats. - read more

    Knowledgebase
    Subrogation:
    The process by which an insurance company seeks to recover the amount paid to the policyholder from a third party responsible for the loss.