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Insurance For Trades brings you the latest and most important financial news headlines that will keep you up to speed with all of the latest developments.

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Insurance News
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Australian Insurers Report Record Profits Following Premium Increases Australian Insurers Report Record Profits Following Premium Increases
16 Jan 2026: Paige Estritori

Australia's insurance sector has reported a substantial after-tax profit of $6.1 billion for the year 2024, a figure that is three times higher than the five-year average of $2 billion. This significant increase in profitability coincides with notable hikes in insurance premiums across various categories. - read more
Australian Consumers Confront Unexplained Insurance Premium Increases Australian Consumers Confront Unexplained Insurance Premium Increases
16 Jan 2026: Paige Estritori

Many Australian consumers are experiencing substantial increases in their insurance premiums, often without clear explanations from their providers. Reports indicate that some policyholders have faced premium hikes of 30% to 50%, with instances of increases reaching several hundred percent. - read more
Rising Insurance Costs in Northern Australia Challenge Homeowners Rising Insurance Costs in Northern Australia Challenge Homeowners
16 Jan 2026: Paige Estritori

Homeowners in Northern Australia are encountering rising insurance premiums, despite the establishment of a cyclone reinsurance pool intended to reduce costs. The Australian Competition and Consumer Commission (ACCC) reports that median home and contents premiums in the Northern Territory increased by 11% during 2023. - read more
Australian Insurers Falling Behind in Cyber Risk Readiness Australian Insurers Falling Behind in Cyber Risk Readiness
08 Jan 2026: Paige Estritori

Recent findings from PwC's Insurance Banana Skins Survey indicate that Australian insurers are trailing their global counterparts in preparedness for cyber threats. The survey, which gathered insights from 698 insurance executives across 42 territories, revealed that Australian insurers scored 6.6% lower on the Preparedness Index compared to the global average. - read more
ASIC's 2026 Compliance Focus: Implications for the Insurance Sector ASIC's 2026 Compliance Focus: Implications for the Insurance Sector
08 Jan 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has unveiled its enforcement priorities for 2026, placing a significant emphasis on the insurance sector. Key areas of focus include insurance claims handling, pricing transparency, and financial reporting, reflecting ASIC's commitment to addressing both new and ongoing risks within the financial landscape. - read more
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Trades Insurance Articles

Top Insurance Coverage Options Every Tradesperson Should Consider
Top Insurance Coverage Options Every Tradesperson Should Consider
Whether you're a carpenter, electrician, plumber, or any other type of tradesperson, your work is essential to keeping homes and businesses running smoothly. But have you ever thought about how important insurance is for your trade business? - read more
Protecting Your Trade: Public Liability Insurance Explained
Protecting Your Trade: Public Liability Insurance Explained
Public liability insurance is designed to protect businesses and tradespeople against legal costs and compensation claims for injury or damage to property by a third party. In layman's terms, it covers you if someone sues your business for damages. - read more
What Types of Insurance Does Every Australian Tradie Need?
What Types of Insurance Does Every Australian Tradie Need?
Public liability insurance is a type of cover that protects businesses and their owners from the financial risks of liabilities that may occur due to damage or injury to a third party. For tradies in Australia, this insurance is crucial due to the nature of their work environment. Working on various sites and handling different tasks increases the likelihood of accidents happening, which makes this type of insurance not only relevant but essential. - read more
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Knowledgebase
Actuary:
A professional who analyzes the financial costs of risk and uncertainty using mathematics, statistics, and financial theory.

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