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    Insurance News

    Escalating Claims Costs Impact Trucking Insurance in Australia
    Escalating Claims Costs Impact Trucking Insurance in Australia
    25 May 2026: Paige Estritori
    The Australian trucking industry is currently grappling with a significant rise in insurance claims costs, leading to increased premiums and prompting operators to reassess their risk management strategies. This trend mirrors global patterns where the financial repercussions of truck accidents have intensified over the past decade. - read more
    Human Error Identified as Primary Factor in Major Truck Accidents
    Human Error Identified as Primary Factor in Major Truck Accidents
    25 May 2026: Paige Estritori
    A recent report backed by National Transport Insurance (NTI) has identified human error as the predominant cause of major truck accidents in Australia. The findings underscore the critical need for enhanced driver training and the implementation of comprehensive safety measures within the transport industry. - read more
    HESTA Announces 12% Reduction in Insurance Fees for Members
    HESTA Announces 12% Reduction in Insurance Fees for Members
    25 May 2026: Paige Estritori
    HESTA, a prominent superannuation fund in Australia, has unveiled a significant reduction in insurance fees, averaging 12% across all cover types. This initiative, effective from 1 July 2026, aims to provide more accessible and affordable insurance options for its members, including those in the trades sector. - read more
    Suncorp's AU$2.4 Billion Reinsurance Deal Strengthens Financial Outlook
    Suncorp's AU$2.4 Billion Reinsurance Deal Strengthens Financial Outlook
    25 May 2026: Paige Estritori
    Suncorp, a leading Australian general insurer, has secured a substantial reinsurance agreement valued at up to AU$2.4 billion over five years. This strategic move has positively impacted the company's fiscal 2026 growth outlook, resulting in a notable 10% increase in share value. - read more
    Zurich's AU$415 Million Acquisition of ClearView Signals Market Consolidation
    Zurich's AU$415 Million Acquisition of ClearView Signals Market Consolidation
    25 May 2026: Paige Estritori
    Zurich Financial Services has announced its agreement to acquire ClearView Wealth, a listed life insurer, for approximately AU$415 million. This acquisition is part of a broader trend of consolidation within the Australian insurance market, following similar moves by other major players in the industry. - read more
    Cyber Insurance Articles

    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
    Understanding the Cost of Cyber Attacks on Small Businesses and How to Avoid Them
    Understanding the Cost of Cyber Attacks on Small Businesses and How to Avoid Them
    Cybersecurity refers to the practice of protecting systems, networks, and programs from digital attacks. These cyber attacks are usually aimed at accessing, changing, or destroying sensitive information, extorting money from users, or interrupting normal business processes. - read more
    Before You Apply for Cyber Insurance: What You’ll Be Asked (and What It Really Means)
    Before You Apply for Cyber Insurance: What You’ll Be Asked (and What It Really Means)
    Cyber insurance is one of the most valuable business covers available today, but it is also one of the most confusing to apply for. Many business owners expect it to work like other insurance types, where you provide basic details such as turnover, industry, and location, then receive a quote. Cyber insurance is different. It behaves less like a simple application and more like a risk interview. - 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
    10 Common Online Liabilities and How to Mitigate Them
    10 Common Online Liabilities and How to Mitigate Them
    In this digital age, online liabilities have become a crucial concern for individuals and businesses alike. At its core, an online liability refers to the potential risks and responsibilities associated with using the internet. These risks can range from data breaches to financial theft, and they have significant implications in our increasingly connected world. - read more

    Knowledgebase
    Coinsurance:
    A percentage of the cost of a covered healthcare service that you pay after you have paid your deductible.