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    Insurance News

    ACCC Halts IAG's Proposed Acquisition of RAC Insurance
    ACCC Halts IAG's Proposed Acquisition of RAC Insurance
    07 May 2026: Paige Estritori
    The Australian Competition and Consumer Commission (ACCC) has intervened to block Insurance Australia Group's (IAG) proposed $1.35 billion acquisition of RAC Insurance, citing significant concerns over reduced competition in Western Australia's insurance sector. This decision underscores the regulator's commitment to maintaining a competitive market landscape, particularly in essential household insurance lines. - read more
    Middle East Conflict Drives Up Costs for Australian Insurers
    Middle East Conflict Drives Up Costs for Australian Insurers
    07 May 2026: Paige Estritori
    The ongoing conflict in the Middle East is exerting significant pressure on Australian insurers, leading to increased costs across various lines of business. The Insurance Council of Australia (ICA) has reported that rising fuel prices are disrupting supply chains, escalating the cost of materials, and delaying labour availability for repairs to homes and vehicles. - read more
    Unprecedented Spike in Mental Health Claims Puts Pressure on Super Funds
    Unprecedented Spike in Mental Health Claims Puts Pressure on Super Funds
    07 May 2026: Paige Estritori
    Australian superannuation funds are grappling with an unprecedented surge in mental health-related insurance claims, leading to calls for expedited payouts and enhanced support for affected individuals. Recent data reveals that mental health conditions have become the leading cause of total and permanent disability (TPD) claims, with insurers paying out over $2.2 billion for retail mental health claims in 2024. - read more
    Key Challenges Facing Australian Insurers in 2026
    Key Challenges Facing Australian Insurers in 2026
    07 May 2026: Paige Estritori
    As Australian insurers navigate the complexities of 2026, three primary challenges have emerged at the forefront: premium affordability and insurability, cyber and data security risks, and workforce attraction and retention. These insights stem from industry feedback highlighted in Gallagher Bassett's forthcoming report, 'The Carrier Perspective: 2026 Claims Insights'. - read more
    ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance
    ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance
    07 May 2026: Paige Estritori
    The Australian Competition and Consumer Commission (ACCC) has commenced a detailed Phase 2 review of Insurance Australia Group's (IAG) proposed acquisition of RAC Insurance. This move follows concerns that the merger could substantially lessen competition in Western Australia's insurance market, particularly in motor vehicle and home and contents insurance sectors. - read more
    Health Insurance Articles

    The Ultimate Guide to Comparing Health Insurance Plans in Australia
    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
    The Role of Health Insurance in Supporting Preventive Care
    The Role of Health Insurance in Supporting Preventive Care
    Preventive healthcare refers to measures taken to prevent diseases, rather than treating them after they occur. This includes actions like regular health screenings, vaccinations, and adopting healthy lifestyle practices. - read more
    Affordable Health Insurance: How to Find the Best Plan for You
    Affordable Health Insurance: How to Find the Best Plan for You
    Affordable health insurance refers to insurance plans that offer necessary health coverage at a price within one's financial means. These plans aim to balance cost with the quality of care, providing essential services without excessive financial burden. The goal is to make healthcare accessible to a wider population, ensuring that everyone can maintain their health without going into debt. - read more
    The Benefits of Private Health Insurance for Families: Is It Worth the Cost?
    The Benefits of Private Health Insurance for Families: Is It Worth the Cost?
    Health insurance is a crucial aspect of financial planning for individuals and families alike. It provides protection against unexpected medical costs and ensures that you have access to necessary healthcare services when you need them most. - read more
    Understanding Health Insurance: A Starter's Guide for Young Australians
    Understanding Health Insurance: A Starter's Guide for Young Australians
    Embarking on the journey of understanding health insurance is a pivotal stride for young Australians. It's a proactive step that embodies responsibility for one's well-being and financial foresight. Health insurance can often seem like a complex affair reserved for a future self, but grappling with its intricacies early can be both economically savvy and health-conscious. - read more

    Knowledgebase
    Insurance Policy Excess:
    The amount you will have to contribute when you make a claim.