Insurance News Wrap

Thu, 21st May 2026

In this week's insurance news, Australia's non-life insurance sector posts strong growth with an 11.1% revenue increase, largely credited to high contributions from top insurers, decreased catastrophe losses, and substantial investment income. Meanwhile, the proposed $1.35 billion acquisition of RAC Insurance by the Insurance Australia Group (IAG) is under ACCC scrutiny due to potential competition reduction concerns. In life insurance, The Australian Prudential Regulation Authority reports a notable increase in underwriting gains, spearheaded by a surge in individual disability income insurance profits. Finally, amid a soft commercial insurance market, Insurance Australia Group's IIA division introduces a tech-driven adaptive approach to enhance risk pricing and service delivery. The summary reflects industry resilience and adaptation amid challenges and potential impacts from geopolitical conflicts.

Wed, 20th May 2026

This podcast covers significant updates in Australia's insurance sector, including the non-life insurance sector's strong performance with 11.1% revenue growth in the 2025 fiscal year. Other notable points include the Insurance Australia Group's proposed acquisition of RAC Insurance, now under scrutiny from the ACCC due to competition concerns. In light of this, the ACCC encourages public input until 4th May 2026. Additionally, the life insurance segment witnessed robust underwriting profits in Q4 2025, showing recovery from 2024's downturn. Lastly, Insurance Australia Group's strategic focus encompasses a diverse brand portfolio, cost reductions, and restructuring within its Intermediated Insurance Australia division, aiming for a 13% insurance margin by 2030.n

Tue, 19th May 2026

In this episode, Paige Estritori of Financial Services Online discusses the week's key insurance news. Highlights include Insurance Australia Group (IAG) combatting the soft commercial insurance market through its Intermediated Insurance Australia division, using strategic moves and AI tech to register a $328 million profit. In transport news, South Australia responds to rising fuel prices by reforming heavy vehicle regulations, allowing for longer and heavier trucks to increase fuel efficiency. Additionally, the Australian Competition and Consumer Commission investigates IAG's proposed acquisition of RAC Insurance, with concerns over a reduction in competition in Western Australia's insurance sector. Finally, Estritori mentions a Federal Court decision to halt Allianz Australia's attempt to limit sexual misconduct coverage under the Uniting Church's professional indemnity policy. Tune in next week for another roundup.

Mon, 18th May 2026

In this week's Financial Services Online Insurance News Wrap, host Paige Estritori discusses key developments in Australia's insurance industry. One highlight includes Insurance Australia Group's (IAG) successful adaptation to a softening commercial insurance market, reflected in their profit of $328 million last year. South Australia's major reforms in heavy vehicle regulations aim to increase fuel efficiency by up to 18%. The Australian Competition and Consumer Commission (ACCC) is scrutinizing IAG's proposed billion-dollar acquisition of RAC Insurance, amid concerns for shrinking competition in Western Australia's insurance market. Lastly, Allianz Australia's failed attempt to cap sexual misconduct coverage under the Uniting Churchs professional indemnity policy serves as a critical reminder for professionals to review policy terms meticulously. Join Paige for another round of insights next week.

Sun, 17th May 2026

In this Weekly Insurance News Wrap, we delve into Insurance Australia Group's tactful approach to the weak insurance market - leveraging their Intermediated Insurance Australia division, focusing on technology and AI, and aiming for a 13% insurance margin by 2030. We also discuss South Australia's response to climbing fuel prices - permitting heavier, longer trucks on roads to enhance fuel efficiency. Notwithstanding, concerns about equipment upgrade costs and road safety remain. We spotlight the Australian Competition and Consumer Commission's intensified scrutiny of IAG's proposed acquisition of RAC Insurance and the potential effect on premiums and consumer choice. And finally, we review a Federal Court decision affirming the original policy terms, refuting Allianz Australias bid to limit sexual misconduct coverage under a policy from the Uniting Church.