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Insurance News

HESTA Announces 12% Reduction in Insurance Fees for Members
HESTA Announces 12% Reduction in Insurance Fees for Members
25 May 2026: Paige Estritori
HESTA, a prominent superannuation fund in Australia, has unveiled a significant reduction in insurance fees, averaging 12% across all cover types. This initiative, effective from 1 July 2026, aims to provide more accessible and affordable insurance options for its members, including those in the trades sector. - read more
Suncorp's AU$2.4 Billion Reinsurance Deal Strengthens Financial Outlook
Suncorp's AU$2.4 Billion Reinsurance Deal Strengthens Financial Outlook
25 May 2026: Paige Estritori
Suncorp, a leading Australian general insurer, has secured a substantial reinsurance agreement valued at up to AU$2.4 billion over five years. This strategic move has positively impacted the company's fiscal 2026 growth outlook, resulting in a notable 10% increase in share value. - read more
Zurich's AU$415 Million Acquisition of ClearView Signals Market Consolidation
Zurich's AU$415 Million Acquisition of ClearView Signals Market Consolidation
25 May 2026: Paige Estritori
Zurich Financial Services has announced its agreement to acquire ClearView Wealth, a listed life insurer, for approximately AU$415 million. This acquisition is part of a broader trend of consolidation within the Australian insurance market, following similar moves by other major players in the industry. - read more
IAG's Strategic Response to Softening Commercial Insurance Market
IAG's Strategic Response to Softening Commercial Insurance Market
17 May 2026: Paige Estritori
Insurance Australia Group (IAG) is proactively addressing the challenges posed by the current soft commercial insurance market through its Intermediated Insurance Australia (IIA) division. CEO Jarrod Hill has expressed confidence in the division's ability to navigate these conditions, citing a well-balanced business portfolio and strategic operational adjustments. - read more
Tasmania's Collaborative Strategy to Enhance Insurance Affordability
Tasmania's Collaborative Strategy to Enhance Insurance Affordability
17 May 2026: Paige Estritori
The Tasmanian Government has announced a significant shift in its strategy to address insurance affordability and availability within the state. Premier Jeremy Rockliff revealed plans to collaborate with insurers, brokers, and reinsurers to develop solutions that effectively tackle these issues. - read more
Trades Insurance Articles

Protecting Your Tools and Equipment: A Tradesperson's Insurance Checklist
Protecting Your Tools and Equipment: A Tradesperson's Insurance Checklist
As a tradesperson, your tools and equipment are your livelihood. They are essential for performing your job efficiently and effectively. - read more
How Tradespeople Can Maximize Tax Deductions Through Insurance
How Tradespeople Can Maximize Tax Deductions Through Insurance
Tradespeople work hard to earn their income, often facing unique expenses that can impact their bottom line. Understanding and maximizing tax deductions is crucial for minimizing these costs and keeping more of what they earn. By making informed decisions about expenses, tradespeople can significantly reduce their taxable income. - read more
5 Common Budgeting Mistakes Small Trade Businesses Should Avoid
5 Common Budgeting Mistakes Small Trade Businesses Should Avoid
Budgeting is one of the most crucial aspects of running a small trade business. Without a proper budget, it's easy to lose track of your expenses and revenues, leaving you in a financial mess. This can be especially challenging for small trade businesses where margins are often tight, and a minor miscalculation can lead to significant issues down the line. - read more
Why Income Protection Insurance is Crucial for Tradespeople
Why Income Protection Insurance is Crucial for Tradespeople
In the trades industry, unexpected events and accidents can happen at any time. Injuries and illnesses can prevent you from working, potentially leaving you without a steady income. Insurance is a crucial safeguard that helps protect against these uncertainties, ensuring that you can continue to meet your financial obligations, even when you're unable to work. - read more
Your Quick Guide to Comparing Financial Products as an Australian Tradesperson
Your Quick Guide to Comparing Financial Products as an Australian Tradesperson
In the world of trades, having the right financial products can make a significant difference in managing your business effectively. Whether you're a plumber, electrician, carpenter, or any other type of tradesperson, financial products such as insurance, loans, and savings accounts play a crucial role in protecting your livelihood and ensuring sustainable growth. - read more

Knowledgebase
Insurance Deductible:
That part of an insurance claim that must be paid by an insured person before the the balance is paid by the insurer.