Insurance Finder Australia Weekly Insurance News Wrap
Each week, Insurance Finder Australia brings a clear, concise wrap of the biggest insurance stories across Australia. We cover policy and regulation updates, broker industry movements, claims trends, and practical consumer insights. Expect plain-English summaries, context on what changes mean, and tips to navigate coverage choices with confidence. It’s a trustworthy, industry-focused news brief designed for individuals and small business owners who want to stay informed without the noise.
This Week:
This week: Steadfast moves to acquire the Resilium and PSC Connect authorised representative networks, signalling more scale in broking. NIBA urges reforms to better protect small businesses, citing gaps created by inconsistent definitions and product classifications. APRA data shows broker‑placed premiums edged up to about $23 billion in the half, highlighting ongoing reliance on intermediated placement. An AFCA ruling on a motor renewal underscores the need to read renewal documents and check changes to agreed value and premiums. Listeners are encouraged to use licensed brokers to compare and tailor cover.
EPISODE 1539 | Insurance Finder Australia Weekly Insurance News Wrap | Sun, 5th Apr 2026
9 Apr 2026 | Paige Estritori
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Read Full Transcript:
Hello and welcome to Insurance Finder Australia Weekly Insurance News Wrap, Im Paige Estritori, its Sunday 5 April 2026.
First up, a big move in broking. Steadfast plans to acquire the Resilium and PSC Connect authorised representative networks and fold them into Ausure, subject to approvals. Around 150 authorised reps are expected to transition, with staff moving to support continuity. If your broker sits in these networks, watch for updates, but day‑to‑day service should continue. If youre comparing options, larger networks can widen access, but the right broker fit for your needs still matters.
Meanwhile, the National Insurance Brokers Association has lodged 12 recommendations to a federal inquiry to better protect small businesses. It says inconsistent definitions of “small business” and product classifications leave gaps in protections for covers like public liability, professional indemnity, cyber and business interruption. For owners navigating tenders, contracts and rising risks, a licensed broker can help translate the rules, benchmark cover and keep compliance effort proportionate.
On the market pulse, the Australian Prudential Regulation Authority reports broker‑placed general insurance premiums edged higher in the six months to December, to about $23 billion. That tells us businesses are still leaning on the intermediated market for capacity and placement, even as pricing conditions shift. Starting renewals early and keeping risk information up to date gives your broker more room to negotiate and compare.
And a reminder on renewal paperwork after a recent decision by the Australian Financial Complaints Authority. A motorist disputed a big drop in agreed value at renewal alongside a higher premium. AFCA found the changes were disclosed clearly enough in the documents. The takeaway for anyone with a financed car or tight budget: read renewal notices closely and check agreed value, excesses and options—then ask a broker to walk you through alternatives if something doesnt look right.
Thats it for this week. To compare licensed, reputable brokers and get matched to someone who understands your situation, head to insurance-finder.com.au. Im Paige Estritori—thanks for listening, and see you next Sunday.
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
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Knowledgebase
Public Liability Insurance: Insurance which provides protection against liability to third parties.
