Fri, 5th Dec 2025

In this week's Insurance News Wrap, we discuss the alarm raised by the Australian Chamber of Commerce and Industry and the Insurance Council of Australia on rising insurance premiums affecting small and medium-sized enterprises. Proposed solutions include abolishing insurance taxes, reshaping civil liability laws, and creating a national insurance guidance body. We also review major insurers - QBE Insurance Group's decline in share value due to premium rate growth deceleration, Suncorp's downtrend due to expected storm-related costs and Insurance Australia Group's proposed acquisition under scrutiny by the Australian Competition and Consumer Commission. Consumers and businesses are encouraged to stay informed and consult their brokers to adjust accordingly. Financial Services Online is available to assist with personal and business insurance needs.n