Welcome to the Insurance Online News podcast with your host, Paige Estritori, where we deliver the latest and most significant news from the world of insurance in Australia. Our dedicated team works tirelessly to bring you the freshest updates, focusing on the stories that matter the most to both Australian businesses and individual consumers over the past week.
Through meticulous research, we transform these developments into original content that not only keeps you informed but also offers deep insights into the insurance landscape as it stands today. Our podcast distills these crucial updates into a format that's both succinct and captivating. For professionals within the insurance realm or personal consumers keen on keeping up with insurance trends, look no further. Paige Estritori brings you all the essential information daily, making our podcast the ultimate destination for trustworthy and impactful insurance news.
This Week:
Paige Estritori covers four developments for Australian insurance buyers: a sharp rise in home and contents premiums, signs premium growth may be easing, RACQs apology over renewal‑notice errors while ASIC action continues, and a major claims contractor entering administration. Listeners are urged to compare at renewal, review cover and excesses, keep documents handy, and contact insurers or brokers if claims or renewals need attention.
Hello and welcome to Insurance Online News, Im Paige Estritori, and its Thursday, 23 October 2025.
First up, fresh data shows home and contents premiums in the big cities jumped about twenty‑three per cent over the past year, with Melbourne leading the rises. Car insurance quotes were higher too. For households and landlords, thats a cue to review sums insured, check for new exclusions, and compare options rather than accepting the first renewal. A quick set of quotes and, if you need help, an independent broker, can trim costs and reduce the risk of underinsurance.
Meanwhile, markets are signalling that the premium cycle may be peaking. A global sell‑off in insurance stocks followed forecasts of slower premium growth. If competition starts to lift here, some renewal increases could moderate. Dont wait for that to happen—shop around at renewal, tweak excesses and optional extras, and make sure your cover still fits your budget and risks.
In Queensland, RACQ says an internal probe found no bad intent in past renewal‑notice errors and apologised to members, while the matter remains before ASIC—the corporate regulator. For you, the message is simple: read renewal comparisons closely and keep last years documents handy. If the numbers dont make sense, query the insurer and consider alternate quotes to benchmark the price and cover.
And in the claims supply chain, a major repair and restoration contractor has gone into administration and stopped trading. If your insurer appointed that firm on a current claim, expect some rescheduling while alternate arrangements are made. Keep photos, invoices and correspondence together, and ask your insurer or broker for the new timeline and contact details so your repairs stay on track.
Thats the wrap. For fast, free quotes, easy comparisons and Australia‑wide broker support, head to insuranceonline.com.au. Im Paige Estritori—thanks for listening, and talk to you next week.
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Follow us!
We are a proud member of the Financial Services Online network!
Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.
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
Caravanning in Australia taps into a deep-seated love for adventure and the great outdoors. With vast landscapes and awe-inspiring natural beauty, it's no wonder that hitting the road with a caravan in tow has become a cherished pastime for many Aussies. - read more
Embarking on a journey with your caravan is an incomparable experience, offering a unique blend of adventure, freedom, and the comfort of a home on wheels. However, it’s essential to recognize that just like any significant investment, your caravan needs to be protected. That's where choosing the right caravan insurance becomes not just a consideration, but a necessity. - read more
Setting off on a caravan trip is an exciting adventure, but before you hit the open road, it's essential to ensure your caravan is in top-notch condition. Performing pre-trip checks can make the difference between a memorable journey and a disastrous one. - read more
The allure of the open road and the freedom to explore has never been more inviting, or more necessary, to do so responsibly. Sustainable caravanning offers a way to embrace the joys of adventure while ensuring that the natural landscapes we cherish remain unspoiled for future explorers. But what exactly is sustainable caravanning? Essentially, it is the practice of minimizing our environmental impact while enjoying life on the road. - read more
The Australian Prudential Regulation Authority (APRA) is actively collaborating with the life insurance sector to tackle pressing issues related to total and permanent disability (TPD) insurance. This initiative follows the recent decision by Swiss Re to pause its new life insurance business in Australia until unresolved concerns regarding the sustainability, particularly around TPD products, are addressed. - read more
Insuregroup, a specialist insurance brokerage serving Australia's transport and logistics sector, has recently announced a significant milestone: processing over 10,000 insurance policies since its inception, with a 25% increase in policy volume over the past year. This growth underscores the escalating demand for comprehensive truck insurance solutions tailored to the unique needs of Australian freight operators. - read more
Envest Group, a prominent player in Australia's insurance sector, has announced the launch of TLI Underwriting, a new agency dedicated to providing specialised insurance solutions for heavy motor fleet operators. This strategic move aims to address the unique challenges faced by larger transport businesses in Australia. - read more
The National Truck Accident Research Centre (NTARC) has released its latest Major Incident Investigation Report, providing updated insights into the primary causes of significant truck crashes across Australia. The findings underscore the critical need for targeted interventions to enhance road safety within the transport industry. - read more
In recent developments within the Australian construction insurance sector, tradies are witnessing a notable decrease in premium rates. This trend is largely attributed to heightened competition among insurers, leading to more affordable coverage options for professionals in the trades industry. - read more
