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    Insurance News

    NRMA's Departure from Farm Insurance: What It Means for Australian Farmers
    NRMA's Departure from Farm Insurance: What It Means for Australian Farmers
    12 Jun 2026: Paige Estritori
    In a significant shift within the Australian insurance landscape, NRMA has announced its withdrawal from the farm insurance market, ceasing the sale of new policies as of July 1, 2025. This decision affects both hobby and commercial farm insurance policies, leaving many farmers in search of alternative coverage options. - read more
    Achmea and Protected Cropping Australia Join Forces to Support Greenhouse Farmers
    Achmea and Protected Cropping Australia Join Forces to Support Greenhouse Farmers
    12 Jun 2026: Paige Estritori
    Achmea Farm Insurance and Protected Cropping Australia (PCA) have announced a strategic partnership aimed at bolstering risk mitigation and resilience within Australia's protected cropping sector. This collaboration seeks to empower greenhouse and glasshouse growers by providing tailored insurance solutions and fostering knowledge exchange on best practices. - read more
    Allstate Underwriting and Mitsui Sumitomo Insurance Collaborate to Strengthen Farm Insurance in Australia
    Allstate Underwriting and Mitsui Sumitomo Insurance Collaborate to Strengthen Farm Insurance in Australia
    12 Jun 2026: Paige Estritori
    Allstate Underwriting Agencies Pty Ltd and Mitsui Sumitomo Insurance Co., Ltd have announced a multi-year capacity agreement, marking the beginning of a strategic partnership aimed at bolstering farm insurance offerings in Australia. This collaboration focuses on providing additional capacity to the medium, small, and hobby farm sector, addressing the unique needs of these operations. - read more
    Federal Budget 2026: Key Takeaways for the Insurance Industry
    Federal Budget 2026: Key Takeaways for the Insurance Industry
    12 Jun 2026: Paige Estritori
    The 2026-27 Federal Budget, presented by Treasurer Jim Chalmers on May 12, introduces several measures with direct implications for Australia's insurance sector. Key areas of focus include property insurance costs and the issue of underinsurance. - read more
    ASIC's 2026 Risk Outlook: Implications for the Insurance Industry
    ASIC's 2026 Risk Outlook: Implications for the Insurance Industry
    12 Jun 2026: Paige Estritori
    The Australian Securities and Investments Commission (ASIC) has released its Key Issues Outlook for 2026, identifying several risks that insurers and financial markets need to address. The primary areas of concern include conduct, resilience, and exposure to complex products. - read more
    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
    How Keyperson Insurance Can Safeguard Your Farm's Future
    How Keyperson Insurance Can Safeguard Your Farm's Future
    Keyperson insurance is a specialized type of business insurance designed to protect companies from the financial repercussions of losing a critically important team member. This type of insurance provides a payout that can help stabilize the business during the transition period following the loss of a key individual. In the context of farming, this might include someone who holds a unique skill set, deep agricultural knowledge, or critical business acumen that drives the success of the farm. - read more
    Custom Farm Insurance: Tailoring the Perfect Policy for Your Agricultural Needs
    Custom Farm Insurance: Tailoring the Perfect Policy for Your Agricultural Needs
    Welcome to the world of farm insurance, where no two policies are the same, just as no two farms mirror each other in operations and risks. As a farmer, you are acutely aware that your agricultural endeavors bring a unique set of challenges and needs. Recognizing this diversity is the first step in protecting your livelihood. - read more
    On-Farm Safety: Insurance Tips to Minimize Accidents and Liability
    On-Farm Safety: Insurance Tips to Minimize Accidents and Liability
    For Australian farmers, every day presents a complex web of activities that demand not only their physical toil but also a keen attention towards safety. On-farm safety is paramount and is the shield that guards the well-being of both workers and operations in Australia's diverse agricultural landscape. It's not just about the immediate repercussions of accidents, but also their long-term impact on a farm's viability. - read more
    Risk Mitigation: Best Practices for Rural Farmers
    Risk Mitigation: Best Practices for Rural Farmers
    Risk mitigation is a strategy used to prepare for and lessen the effects of potential risks faced by rural farmers. It involves identifying potential threats and taking proactive steps to minimize their impact. - read more

    Knowledgebase
    Depreciation:
    The reduction in the value of an asset over time, used in insurance to calculate the actual cash value of property.