Large accounts are winning double-digit reductions while smaller clients face small increases, leaving brokers with two very different renewal conversations
Daniel Wood Aug 28, 2026
No natural disaster extension is required, which makes the client's purchase date the thing brokers should be recording now
ASIC has commenced three cyber enforcement actions against AFSL holders since 2020. The second produced Australia's first civil penalties for cyber failures under general AFSL obligations. The third is still in court. The APRA-ASIC roundtable published today names the same governance gaps all three cases turned on
A BESS project can have a real operational failure that satisfies no one's defect definition - not the supply contract's, not the EPC agreement's, not the insurance policy's. That is not a claims problem. It is a placement problem, and it starts at the wording review stage
When the cause is disputed, the policy wording is tested. Clients in the Himalayan corridor need cover that pays out without requiring a causal determination first
APRA's latest quarterly data shows a single quarter that nearly erased Australia's general insurance profits. The reason - sub-catastrophe events that fell below reinsurance attachment points - is the specific mechanic that brokers placing property-heavy risks need to understand before the next renewal
Net claims incurred in Australian domestic motor rose 22% in two years. New Youi research identifies a predictable afternoon incident window driven by fatigue, time pressure and overconfidence. For brokers explaining premium increases to clients who consider themselves safe drivers, those two data sets belong in the same conversation
A ransomware attack on ADS disrupted national book supply chains six weeks before Christmas. The booksellers absorbing the losses had no direct policy relationship with ADS - and most cyber CBI clauses were not written to respond to losses from non-IT vendor outages. That gap applies across retail, food, manufacturing and logistics
Justin Ward steps up to lead Australia and New Zealand reinsurance broking as regional rate reductions continue
How brokers can protect themselves and clients as environmental exposures reshape the risk landscape
