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    Insurance News

    IAG's Ambitious 2030 Growth Plan: What It Means for Tradies
    IAG's Ambitious 2030 Growth Plan: What It Means for Tradies
    31 May 2026: Paige Estritori
    Insurance Australia Group (IAG) has unveiled an ambitious strategy, aiming to achieve over $25 billion in gross written premiums by 2030. This plan, announced during their Investor Day in Sydney, focuses on expanding their customer base to more than 11 million and enhancing shareholder returns. For tradespeople across Australia, this development could have significant implications. - read more
    Addressing Delays in Income Protection Insurance Payouts: What Tradies Need to Know
    Addressing Delays in Income Protection Insurance Payouts: What Tradies Need to Know
    31 May 2026: Paige Estritori
    Recent reports indicate a 67% increase in violations of the Life Insurance Code of Practice related to timely income protection payments. This trend is concerning for tradespeople who depend on these payouts during periods of illness or injury. - read more
    Regulators Call for Immediate Reforms in TPD Insurance Amid Rising Mental Health Claims
    Regulators Call for Immediate Reforms in TPD Insurance Amid Rising Mental Health Claims
    31 May 2026: Paige Estritori
    In a recent joint roundtable, the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have emphasised the pressing need for reforms in Total and Permanent Disability (TPD) insurance. The regulators highlighted that without prompt action, the sustainability of TPD insurance could be at risk, primarily due to the increasing frequency and complexity of mental health-related claims. - read more
    APRA Enforces Capital Add-On and Licence Conditions on KeyInvest After Risk Management Review
    APRA Enforces Capital Add-On and Licence Conditions on KeyInvest After Risk Management Review
    31 May 2026: Paige Estritori
    The Australian Prudential Regulation Authority (APRA) has recently imposed an additional $5.5 million capital requirement on KeyInvest Limited, a life insurance company and friendly society primarily offering funeral bonds. This decision follows an independent review that identified shortcomings in KeyInvest's risk management framework and raised concerns about the board's oversight of the insurer's long-term objectives. - read more
    Consumer Advocates Challenge Proposed Changes to Mental Health Exclusions in Life Insurance Policies
    Consumer Advocates Challenge Proposed Changes to Mental Health Exclusions in Life Insurance Policies
    31 May 2026: Paige Estritori
    Consumer advocacy groups have recently expressed strong opposition to life insurers' proposals to lift existing code restrictions on blanket exclusions for mental health coverage. This move by insurers aims to modify the Life Insurance Code of Practice to allow for broader exclusions related to mental health conditions. - read more
    Health Insurance Articles

    Don't Fall for These Health Insurance Misconceptions
    Don't Fall for These Health Insurance Misconceptions
    Private health insurance is an essential consideration for many Australians. It provides peace of mind, knowing that you and your family have access to the best possible healthcare when needed. - read more
    5 Common Mistakes to Avoid When Selecting Family Health Insurance
    5 Common Mistakes to Avoid When Selecting Family Health Insurance
    Choosing the right family health insurance can feel like navigating a maze. With so many options and factors to consider, it's no wonder many Australians find the process overwhelming. The stakes are high, as the wrong choice could not only impact your family's access to healthcare but also strain your finances. - read more
    Keeping Your Family Protected: The Importance of Adequate Health Insurance Coverage
    Keeping Your Family Protected: The Importance of Adequate Health Insurance Coverage
    The modern Australian family faces a dynamic and ever-evolving set of health needs, with access to quality healthcare remaining a cornerstone of managing our wellbeing. As these needs shift through the different stages of life, the assurance of having a safety net in place can provide unparalleled peace of mind. It's this sense of security that makes adequate health insurance coverage indispensable in today's fast-paced society. - read more
    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
    Smart Strategies to Lower Your Health Insurance Premiums
    Smart Strategies to Lower Your Health Insurance Premiums
    In today's rapidly changing health insurance landscape in Australia, keeping track of costs and coverage can be daunting. Many Australians find themselves grappling with high premiums that seem to increase year after year. - read more

    Knowledgebase
    Claim Adjuster:
    An insurance professional who investigates and evaluates insurance claims to determine the amount the insurance company should pay.