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    Insurance News

    CHU Introduces Cyber Protection in Strata Insurance Policies
    CHU Introduces Cyber Protection in Strata Insurance Policies
    06 May 2026: Paige Estritori
    In a significant move to bolster the resilience of Australian strata communities, CHU Underwriting Agencies has integrated cyber protection into its residential strata insurance policies. This enhancement specifically targets the growing risk of social engineering fraud, a form of cybercrime where malicious actors impersonate trusted contacts to manipulate payment instructions. - read more
    Suncorp's Strategic Shift in Strata Insurance Classification
    Suncorp's Strategic Shift in Strata Insurance Classification
    06 May 2026: Paige Estritori
    Suncorp, a leading Australian insurer, has strategically reclassified its strata insurance business from consumer to commercial, signalling a concerted effort to expand its footprint in the strata insurance market. This move aligns with the company's broader strategy to enhance its commercial insurance offerings and leverage synergies within its portfolio. - read more
    CHU Expands Strata Insurance Capacity to Support Larger Developments
    CHU Expands Strata Insurance Capacity to Support Larger Developments
    06 May 2026: Paige Estritori
    CHU Underwriting Agencies, Australia's largest strata insurance underwriting agency, has announced a significant increase in its single risk capacity, more than doubling it to $690 million. This substantial enhancement reflects CHU's commitment to accommodating the evolving landscape of strata developments across the nation. - read more
    Suncorp's Strategic Reinsurance Move to Bolster Financial Stability
    Suncorp's Strategic Reinsurance Move to Bolster Financial Stability
    06 May 2026: Paige Estritori
    Suncorp has recently finalised a substantial reinsurance agreement valued at AU$2.4 billion, spanning five years. This strategic move is designed to cap natural hazard costs in approximately 90% of scenarios, thereby enhancing the company's financial resilience. - read more
    IAG's Steadfast Profit Targets Amidst Acquisition Challenges
    IAG's Steadfast Profit Targets Amidst Acquisition Challenges
    06 May 2026: Paige Estritori
    Insurance Australia Group (IAG) has reported a net profit after tax of AU$505 million for the first half of the 2026 financial year, a decrease from AU$778 million in the same period of 2025. This decline is primarily attributed to the AU$174 million impact from severe weather events immediately following the acquisition of RACQ Insurance (RACQI), which occurred before the business was integrated into IAG's comprehensive reinsurance program in January 2026. - read more
    Farm Insurance Articles

    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
    Effective Risk Management Plans Every Farm Owner Should Implement
    Effective Risk Management Plans Every Farm Owner Should Implement
    Managing a farm involves juggling many uncertainties and potential risks. Risk management in farming refers to the process of identifying, assessing, and prioritising risks associated with agricultural activities. Effective risk management ensures that farmers can handle obstacles and continue their operations smoothly. - read more
    Comparing Insurance Options for Mixed Farming: What Rural Owners Need to Know
    Comparing Insurance Options for Mixed Farming: What Rural Owners Need to Know
    Welcome to our comprehensive guide on comparing insurance options for mixed farming. As a rural farm owner, you face unique challenges that require specialized insurance coverage to protect your livelihood. - 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 Coverage: What Your Farm Insurance Should Include
    Understanding the Coverage: What Your Farm Insurance Should Include
    The serene morning mists settling over green pastures and the peaceful clucking of poultry might paint an idyllic picture of farm life, but seasoned farmers know that this lifestyle comes with its own set of risks and uncertainties. In the world of agriculture, each new day could bring events that threaten your way of life and the heart of your business. This is where farm insurance becomes not just important, but essential. - read more

    Knowledgebase
    Moral Hazard:
    The concept that individuals may take on more risk when they do not bear the full consequences of that risk, often relevant in insurance scenarios.