Insurance News from Business Cover Solutions

Business Cover Solutions is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

Insurance News

ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance

23 May 2026: Paige Estritori

The Australian Competition and Consumer Commission (ACCC) has escalated its examination of Insurance Australia Group's (IAG) proposed acquisition of RAC Insurance to a Phase 2 review. This decision reflects concerns that the merger could significantly reduce competition within Western Australia's insurance market. - read more

HESTA to Lower Insurance Fees for Members Starting July 2026

23 May 2026: Paige Estritori

HESTA, a prominent Australian superannuation fund, has announced a reduction in insurance fees for its members, effective from July 1, 2026. This initiative is part of a broader strategy to offer more accessible and affordable insurance coverage, particularly in light of the current economic climate and rising cost-of-living pressures. - read more

Aviso WA's Strategic Acquisition of Wray Insurance

23 May 2026: Paige Estritori

In a strategic move to expand its service offerings, Aviso WA has acquired Wray Insurance, a well-established insurance brokerage. This acquisition aims to enhance the range of services available to clients while ensuring continuity in existing coverage and relationships. - read more

QBE Divests Trade Credit Business to Swiss Re

15 May 2026: Paige Estritori

In a strategic move to streamline its operations, QBE Insurance Group has agreed to sell its global trade credit and surety business to Swiss Re Corporate Solutions. This unit, with a significant presence in Australia, New Zealand, and the UK, is projected to generate annual revenue of approximately $283 million. - read more

Business Insurance Articles

Top Cybersecurity Strategies for Australian SMEs: Stay Safe Online

In today's digital age, the importance of cybersecurity for small to medium-sized businesses (SMEs) cannot be overstated. For many Australian SMEs, the digital landscape offers incredible opportunities for growth and connectivity. However, it also presents significant challenges, particularly regarding online security. - read more

Understanding Business Insurance: What Every SME Owner Should Know

The world of trade businesses in Australia is constantly evolving, presenting both exciting opportunities and new challenges. As these businesses grow, so do the risks they face, making it crucial to consider protective measures. - read more

Key Risk Management Practices Every SME Should Implement

Risk management is an essential process for identifying, assessing, and prioritizing potential challenges that could impact the success of a business. For small and medium-sized enterprises (SMEs), effective risk management can mean the difference between thriving and merely surviving in a competitive landscape. - read more

How to Choose the Right Insurance for Your Small Business Startup

Starting a small business in Australia is an exciting venture. However, amid the enthusiasm, it is vital to understand the role that business insurance plays in safeguarding your startup's future. Business insurance comprises various types of coverage designed to protect your company from potential financial losses. - read more

Knowledgebase

Insurance Claim:
Notification to an insurance company requesting payment of an amount due under the terms of the policy.

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