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Insurance News from Farm Insurance Online

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

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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

Strengthening Small Business Resilience: ICA's Call for Insurance Reforms
Strengthening Small Business Resilience: ICA's Call for Insurance Reforms
22 Apr 2026: Paige Estritori
In a recent submission to the Parliamentary Joint Committee's inquiry into small business insurance, the Insurance Council of Australia (ICA) has highlighted the pressing need for reforms to enhance the resilience of Australia's 2.5 million small businesses. These enterprises, which employ nearly half of the private sector workforce, are facing mounting challenges due to escalating insurance premiums and evolving risks. - read more
Deloitte's Vision for the Future: 2026 Insurance Industry Predictions
Deloitte's Vision for the Future: 2026 Insurance Industry Predictions
22 Apr 2026: Paige Estritori
Deloitte has released its 'Growth in Insurance Series: Insurance Predictions 2026,' offering insights into the transformative trends expected to shape the Australian insurance industry. The report identifies eight key predictions that insurers should consider to remain competitive and responsive to the evolving market landscape. - read more
APRA Strengthens Oversight: Additional Capital Mandate for Sovereign Insurance
APRA Strengthens Oversight: Additional Capital Mandate for Sovereign Insurance
22 Apr 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has recently imposed an additional $2 million capital requirement on Sovereign Insurance Australia Pty Ltd. This directive aims to bolster the insurer's financial resilience and ensure its capacity to meet policyholder obligations. - read more
Australian Insurers Face Growing Challenges in Risk Preparedness
Australian Insurers Face Growing Challenges in Risk Preparedness
22 Apr 2026: Paige Estritori
Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are falling behind their global counterparts in terms of risk preparedness. The survey, which gathered insights from 698 insurance executives across 42 territories, indicates that Australian insurers scored 6.6% lower on the Preparedness Index compared to the global average. - read more
Rising Legal Costs Impact Small Business Insurance Affordability
Rising Legal Costs Impact Small Business Insurance Affordability
22 Apr 2026: Paige Estritori
Small businesses across Australia are facing significant increases in insurance premiums, with rates rising by up to 60% since 2019. The Insurance Council of Australia (ICA) attributes this surge to outdated liability laws, escalating legal costs, and regulatory complexities. - read more

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Farm Insurance Articles

Comparing Insurance Policies: Finding the Best Coverage for Seasonal Farming Risks
Comparing Insurance Policies: Finding the Best Coverage for Seasonal Farming Risks
Welcome to our detailed guide on comparing insurance policies for seasonal farming risks. If you're a rural farm owner, you understand the unique challenges that come with each season. This article aims to help you find the best coverage to protect your livelihood. - read more
Essential Coverage: The Top Insurance Policies Every Australian Farmer Should Consider
Essential Coverage: The Top Insurance Policies Every Australian Farmer Should Consider
Welcome to a critical discussion surrounding the stability and protection of your farming enterprise. In the unpredictable world of agriculture, insurance plays a pivotal role in safeguarding the future of your business. As we delve into the intricacies of insurance coverage, we aim to establish a strong foundation for enduring success in the farming industry. - read more
Safeguarding Your Harvest: The Importance of Crop Insurance
Safeguarding Your Harvest: The Importance of Crop Insurance
In the ever-unpredictable world of farming, crop insurance emerges as a pivotal ally for farmers, hedging against the myriad of risks that come with cultivating the land. As the first step to understanding this crucial safeguard, let's unfold the question: What is crop insurance, exactly? In essence, crop insurance is a type of cover designed to cushion farmers from financial losses due to unavoidable circumstances such as adverse weather conditions, pests, disease, or even market fluctuations. - read more
Understanding the Different Types of Farm Insurance Coverage
Understanding the Different Types of Farm Insurance Coverage
In the world of farming, risks are an everyday reality. Whether you're dealing with unpredictable weather, pest invasions, or fluctuating market prices, the uncertainties can be overwhelming. This is where farm insurance comes into play. - read more
Adapting to Change: How Australian Farms Can Thrive Amidst Climate Shifts
Adapting to Change: How Australian Farms Can Thrive Amidst Climate Shifts
Australia's agricultural sector stands as a testament to the resilience and ingenuity of its farmers. Yet, this stalwart industry faces one of its greatest challenges: climate change. Rising temperatures, erratic weather patterns, and extreme events, from droughts to floods, are now common hurdles on the landscape of Australian farming. - read more

Knowledgebase
Actuary:
A professional who analyzes the financial costs of risk and uncertainty using mathematics, statistics, and financial theory.