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Insurance News

ASIC Calls on Insurers to Enhance Cyber Resilience in Response to AI-Driven Threats
ASIC Calls on Insurers to Enhance Cyber Resilience in Response to AI-Driven Threats
13 May 2026: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has issued a stark warning to the insurance industry, emphasising the need for immediate action to strengthen cyber resilience in light of evolving artificial intelligence (AI) threats. In a recent open letter addressed to all Australian Financial Services (AFS) licensees, ASIC Commissioner Simone Constant highlighted that the advent of advanced AI technologies has fundamentally altered the cyber threat landscape, necessitating a proactive and disciplined response from insurers and brokers. - read more
HESTA Announces Significant Reduction in Insurance Fees for Members
HESTA Announces Significant Reduction in Insurance Fees for Members
13 May 2026: Paige Estritori
HESTA, a prominent Australian superannuation fund, has unveiled plans to decrease insurance fees for its members, with reductions averaging 12%. This initiative follows the renewal of HESTA's longstanding group insurance partnership with AIA Australia and is part of a broader strategy to provide more accessible and affordable insurance coverage. - read more
APRA Emphasises Need for Improved AI Risk Management in Financial Institutions
APRA Emphasises Need for Improved AI Risk Management in Financial Institutions
13 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has issued a call to action for financial institutions, urging them to implement more robust risk management and governance frameworks in response to the increasing integration of artificial intelligence (AI) technologies. This directive underscores the necessity for organisations to proactively address the unique challenges and risks associated with AI adoption. - read more
ACCC Flags Competition Concerns in IAG's Proposed Acquisition of RACWA
ACCC Flags Competition Concerns in IAG's Proposed Acquisition of RACWA
13 May 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has raised significant concerns regarding Insurance Australia Group's (IAG) proposed acquisition of the Royal Automobile Club of Western Australia's (RACWA) insurance operations. This development has sparked a critical discussion about the future of competition within Western Australia's insurance sector. - read more
Markel Expands into Australian Market with Professional Indemnity Insurance
Markel Expands into Australian Market with Professional Indemnity Insurance
13 May 2026: Paige Estritori
Markel, a prominent insurance operation within Markel Group Inc., has announced the launch of its professional indemnity insurance solutions in Australia. This strategic move aims to address the growing demand for professional and financial risk coverage across various sectors. - read more
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Caravan Insurance Articles

Essential Caravan Maintenance: Protecting Your Home on Wheels
Essential Caravan Maintenance: Protecting Your Home on Wheels
Welcome to your guide on Essential Caravan Maintenance: Protecting Your Home on Wheels. Like any home, your caravan is your sanctuary, a place of comfort and security as you travel and explore. However, it's crucial to remember that this rolling residence requires regular check-ups and tune-ups to ensure it remains a safe and reliable haven. - read more
5 Top Tips for Safely Caravanning with Your Furry Friends in Australia
5 Top Tips for Safely Caravanning with Your Furry Friends in Australia
Exploring the great Australian outdoors in a caravan with your furry friends by your side can create unforgettable memories and provide experiences that deepen the bond between you and your pets. The joy found in watching your pet's excitement as they encounter new sights, sounds, and smells is irreplaceable and adds a layer of delight to the adventures ahead. - read more
Why You Should Use a Specialist Caravan Insurance Broker Instead of Going Direct
Why You Should Use a Specialist Caravan Insurance Broker Instead of Going Direct
Caravan insurance is an important investment for anyone who owns a caravan. It provides financial protection against loss, damage, or theft of your caravan. While it's possible to purchase caravan insurance directly from an insurer, in this article, we explore why you should use a specialist caravan insurance broker instead of going direct - and how to choose the right one for your needs. - read more
Top Tips for Quick and Successful Caravan Insurance Claims
Top Tips for Quick and Successful Caravan Insurance Claims
Owning a caravan opens up a world of adventures across Australia, but it also brings certain risks. Having the right caravan insurance is essential for protecting your investment against accidents, theft, and unforeseen events. The importance of caravan insurance cannot be overstated for Australian owners, given the unique challenges presented by travel and storage conditions across various terrains and climates. - read more
Comprehensive vs Third-Party Caravan Insurance: Which is Right for You?
Comprehensive vs Third-Party Caravan Insurance: Which is Right for You?
With the growing appeal of exploring the vast and varied landscapes of Australia, the caravanning lifestyle has seen a significant surge in popularity. The sense of freedom that comes with a home on wheels captivates adventurers and holiday-makers alike, making the choice of caravan protection through insurance an essential aspect of ensuring ongoing travel peace of mind. - read more

Knowledgebase
Insurance broker:
An agent acting on behalf of the insured (not the insurance company) who negotiates the terms and cover provided by the insurer in the insurance policy.

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