Insurance Business Australia

06/10/2026

🌟 Nominations are now open for Elite Women 2027!

We're looking for exceptional women across Australia, New Zealand, and Asia who have demonstrated outstanding achievements, leadership, and influence over the past 12 months.

Whether you're highlighting a colleague, mentor, manager, team member, or yourself, this is an opportunity to recognize the individuals driving positive change across the profession.

👉 Submit your nomination today and help recognize the women making insurance stronger, more innovative, and more inclusive.

https://hubs.la/Q04xN-6-0

06/10/2026

FM highlights how its FM Essential product brings tailored loss-prevention engineering and flexible coverage to Australian manufacturers navigating an increasingly complex risk landscape.

Explore how this offering supports medium-risk manufacturing companies in strengthening operational resilience in the article below.

https://hubs.ly/Q04z8f3m0

Australian manufacturers face a mix of energy costs, supply pressures and production risks

06/10/2026

Stevan Bonic of HDI Global SE explains why insurers must match the rapid pace of Australia's data centre construction boom. Produced in partnership with HDI Global, this feature explores how asset accumulation and complex risk profiles are reshaping engineering underwriting.

https://hubs.la/Q04xkCC20

Australia's data centre boom is creating a rapidly expanding and technically sophisticated risk environment

05/10/2026

Leadership moves continue across Australia's insurance and legal sectors.

Matthew Pilcher and Avanti Patki have stepped into expanded leadership roles at PPS Mutual, while Wotton Kearney has strengthened its Melbourne liability practice with the appointments of Claire Gomo and Andrew Karasmanis. Meanwhile, Gilchrist Connell has expanded its national team through a series of senior appointments and promotions across litigation, insurance, and regulatory practices.

https://hubs.la/Q04yXknv0

PPS Mutual creates a strategy director role as it marks 10 years, while Wotton Kearney and Gilchrist Connell expand their risk and litigation teams

05/10/2026

Melissa Jolly of Pinnacle Insurance Brokers warns that homeowners could mistakenly reduce cover based on property prices, increasing the risk of underinsurance when replacement costs remain high.

Read more: https://hubs.la/Q04yXhQs0

Australian house prices have now fallen for six months straight, and forecasters see worse ahead. For insurers and brokers, the bigger risk sits in what isn't falling

05/10/2026

Premium funding is about to get more expensive for new borrowers.

Daniel Gronert of Arteva Funding says existing insurance premium loans won't be impacted by the latest Reserve Bank of Australia rate rise, but new agreements are expected to cost more.

Read more: https://hubs.la/Q04yXhlL0

Brokers can tell clients with existing insurance premium loans nothing changes but agreements written from here onwards cost more

04/10/2026

New flood data could change premiums, but not the risk itself.

James Knight of Aon says measured floor heights will help insurers better assess flood exposure from 2027, potentially reducing premiums for some properties while increasing risk visibility across the market.

Read more: https://hubs.la/Q04yXhdW0

One in ten flood-prone properties may reprice sharply downward from 2027. The rest become easier to see

02/10/2026

AI is helping speed up motor claims from day one.

Drew Schnehage of Clarion Claims says the integration of RAVIN AI into the Curium platform enables instant vehicle damage assessments, improving claims visibility and reducing delays.

Read more: https://hubs.la/Q04yT6lD0

Delay between lodgement and damage assessment sits outside the repair supply chain problem and remains within the industry’s control

02/10/2026

AI is boosting efficiency in specialty underwriting, but not to cut jobs. James Vlasveld of Markel says the real value is giving underwriters more time for brokers, clients, and better risk decisions.

Time saved on submissions is going into market contact, not headcount reduction, says specialty underwriter James Vlasveld

02/10/2026

A major deal in the specialty insurance market is now complete.

Zurich Insurance Group has finalized its £8.1 billion acquisition of Beazley, bringing one of Lloyd’s largest specialty insurers into the Zurich group and marking one of the sector’s most significant transactions in recent years.

Read more about what the deal could mean for brokers, clients, and the specialty insurance market.

https://hubs.la/Q04yXjBj0

The scheme of arrangement became effective today, removing one of Lloyd's largest specialty managing agents from independent operation