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Insurance News

Australian Insurers Report $1.11 Billion Profit in Q1 2025 Australian Insurers Report $1.11 Billion Profit in Q1 2025
29 Dec 2025: Paige Estritori

The Australian insurance industry has reported a net profit after tax of $1.11 billion for the first quarter of 2025, according to the latest data from the Australian Prudential Regulation Authority (APRA). This figure includes contributions of $990 million from insurers and $123 million from reinsurers. The insurance service result, a key measure of underwriting performance, stood at $1.32 billion for the quarter, complemented by investment returns totaling $1.18 billion. - read more
Australian General Insurance Premiums Set to Surpass $144 Billion by 2029 Australian General Insurance Premiums Set to Surpass $144 Billion by 2029
29 Dec 2025: Paige Estritori

The Australian general insurance industry is on a trajectory to see direct written premiums (DWP) exceed $144 billion by 2029, according to projections from data and analytics firm GlobalData. This anticipated growth is attributed to several key factors, including an increased demand for coverage and a rise in the frequency of natural disasters. - read more
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Professionals Insurance Articles

The Importance of Professional Indemnity Insurance for Freelance Work
The Importance of Professional Indemnity Insurance for Freelance Work
Freelancing has become an increasingly popular career choice in Australia, offering flexibility and the opportunity to work in diverse industries. Many are drawn to freelancing for the independence it provides, allowing them to manage their own time and projects. However, with the freedom of freelance work comes responsibility, particularly when it comes to financial protection. - read more
Protecting Your Assets: Essential Insurance for Freelancers
Protecting Your Assets: Essential Insurance for Freelancers
As a freelancer in Australia, your career offers countless benefits such as flexibility and autonomy. However, it also comes with its own set of unique risks that are important to consider. Unlike traditional employees, freelancers often juggle multiple roles and responsibilities, making them susceptible to numerous potential pitfalls. - read more
How to Choose the Right Income Protection Insurance as a Freelancer
How to Choose the Right Income Protection Insurance as a Freelancer
Income protection insurance is a type of coverage designed to replace a portion of your income if you're unable to work due to illness or injury. It's an incredibly vital form of insurance for freelancers, who may not have the same safety nets as traditional employees, such as paid sick leave or disability benefits. - read more
Understanding Public Liability Insurance: A Freelancer’s Guide
Understanding Public Liability Insurance: A Freelancer’s Guide
As a freelancer in Australia, navigating the complexities of your professional landscape can be both exhilarating and challenging. Among the many considerations that come with this career choice, insurance stands as a critical component for safeguarding your financial wellbeing. - read more


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Knowledgebase
Elimination Period:
The time period between an injury and the receipt of benefit payments from an insurer, particularly in disability insurance.