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    Insurance News

    Suncorp Enhances Financial Resilience with AU$2.4 Billion Reinsurance Agreement
    Suncorp Enhances Financial Resilience with AU$2.4 Billion Reinsurance Agreement
    12 Jun 2026: Paige Estritori
    Suncorp, a leading Australian insurer, has recently secured a substantial reinsurance agreement valued at AU$2.4 billion over a five-year period. This strategic move is designed to bolster the company's financial resilience and stability in the face of increasing natural hazard costs and a competitive insurance market. - read more
    APRA Enforces AU$2 Million Capital Add-On for Sovereign Insurance Australia
    APRA Enforces AU$2 Million Capital Add-On for Sovereign Insurance Australia
    12 Jun 2026: Paige Estritori
    The Australian Prudential Regulation Authority (APRA) has recently imposed an additional AU$2 million capital requirement on Sovereign Insurance Australia (SIA). This decision comes in response to identified deficiencies in SIA's risk management framework and operational risk management practices. - read more
    Mecon Enhances Construction Insurance Coverage to $120 Million
    Mecon Enhances Construction Insurance Coverage to $120 Million
    12 Jun 2026: Paige Estritori
    In a significant development for Australia's construction industry, Mecon, a specialist in construction insurance, has announced an increase in its underwriting capacity. Effective from March 10, 2026, Mecon now offers coverage up to $120 million for single projects under its material damage and public liability policy sections. This marks a substantial rise from the previous limit of $50 million. - read more
    Mirabelle Unveils Lloyd's-Backed Insurance for Australia's Renewable Energy Sector
    Mirabelle Unveils Lloyd's-Backed Insurance for Australia's Renewable Energy Sector
    12 Jun 2026: Paige Estritori
    Mirabelle Underwriting, a specialist in construction and engineering insurance, has launched a new product tailored for renewable energy operations in Australia. This initiative, backed by Lloyd's capacity, aims to address the specific risks associated with the rapidly expanding renewable energy sector. - read more
    ASIC Initiates Legal Action Against RACQ for Misleading Renewal Notices
    ASIC Initiates Legal Action Against RACQ for Misleading Renewal Notices
    12 Jun 2026: Paige Estritori
    The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against the Royal Automobile Club of Queensland (RACQ), alleging that the insurer disseminated more than 500,000 misleading insurance renewal notices to its customers. This action underscores the regulator's commitment to ensuring transparency and fairness within the insurance sector. - read more
    Health Insurance Articles

    What to Look for in Basic Health Insurance Cover
    What to Look for in Basic Health Insurance Cover
    Welcome to our discussion on basic health insurance cover, a topic that is crucial yet often overlooked in the hustle and bustle of everyday life. Navigating the world of health insurance can be daunting, but understanding your options is vital for peace of mind and financial stability. - 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
    Health Fund Rebates 101: What Every Australian Needs to Know
    Health Fund Rebates 101: What Every Australian Needs to Know
    Exploring the realm of health insurance can be like navigating a labyrinth, replete with complex terms and varying policies. Among these, health fund rebates emerge as a crucial element, particularly for young Australians embarking on their journey of health coverage. Fund rebates can significantly lighten the financial burden, transforming the quest for health insurance from daunting to empowering. - 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
    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

    Knowledgebase
    Term Life Insurance:
    A life insurance that provides a cover for a specific period of time - usually one to five years or until the insured reaches age 65 or 70.