Fri, 23rd Jan 2026

In this week's Insurance News Wrap, Financial Services Online shares notable updates from Australia's insurance industry. Envest Group launches TLI Underwriting, a specialized agency aiming to restructure insurance services for larger truck fleets and support the resilience of Australia's transport sector. The Insurance Council of Australia combats a 42% increase in motor insurance premiums with a strategic plan including initiatives for fraud monitoring and regulation reforms. A PricewaterhouseCoopers survey indicates that Australian insurers are falling behind globally in risk preparedness, particularly in cybersecurity, impacting coverage reliability for small businesses and tradespeople. The Australian Medical Association expresses concerns over the declining value of Private Health Insurance, and advocates for reforms to ensure valuable coverage for the nation's 15 million policyholders.