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Insurance News from Income Insurance Online

Income Insurance Online is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

ACCC Halts IAG's Bid to Acquire RAC WA's Insurance Division
ACCC Halts IAG's Bid to Acquire RAC WA's Insurance Division
05 May 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has recently opposed Insurance Australia Group's (IAG) proposed acquisition of the Royal Automobile Club of Western Australia's (RAC WA) insurance division. This decision stems from concerns that the merger would significantly reduce competition within Western Australia's insurance market, potentially leading to higher premiums for consumers. - read more
Unprecedented Rise in Mental Health Insurance Claims Challenges Super Funds
Unprecedented Rise in Mental Health Insurance Claims Challenges Super Funds
05 May 2026: Paige Estritori
Australia is witnessing a significant increase in mental health-related insurance claims, particularly within superannuation funds. This surge has led to calls for more efficient processing and faster payouts to support individuals facing mental health challenges. - read more
APRA Urges Immediate Investment in Extreme Weather Mitigation Strategies
APRA Urges Immediate Investment in Extreme Weather Mitigation Strategies
05 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has released a pivotal report in 2026, emphasising the urgent need for substantial action and investment to shield communities from the increasing impacts of extreme weather events. The Insurance Climate Vulnerability Assessment (ICVA) serves as a stress test, modelling potential future scenarios rather than forecasting specific outcomes. However, the risks outlined are already becoming evident, reinforcing the insurance industry's calls for urgent intervention to mitigate extreme weather risks. - read more
AUSactive's New Insurance Offering: Comprehensive Protection at Reduced Costs
AUSactive's New Insurance Offering: Comprehensive Protection at Reduced Costs
05 May 2026: Paige Estritori
In a significant development for the fitness industry, AUSactive has unveiled a new insurance product specifically designed for exercise and active health professionals. This initiative, developed in partnership with global insurance broker Marsh, aims to provide enhanced protection while offering lower premiums compared to existing market options. - read more
Upcoming Increase in Private Health Insurance Premiums: What You Need to Know
Upcoming Increase in Private Health Insurance Premiums: What You Need to Know
05 May 2026: Paige Estritori
The Australian government has approved an average increase of 4.41% in private health insurance premiums, set to take effect in April 2026. This marks the most significant rise since 2017 and reflects the escalating costs associated with medical and hospital services. - read more

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.

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Life Insurance Articles

5 Key Factors to Consider When Shopping for Income Protection in Australia
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Knowledgebase
Flood Insurance:
A specific type of property insurance that covers losses and damage caused by flooding.