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Insurance News from Professional Indemnity Australia

Professional Indemnity Australia is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

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Rising Professional Indemnity Insurance Costs Impact Australian Businesses

07 Dec 2025: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, highlighting a significant increase in professional indemnity (PI) insurance premiums. Since 2015, these premiums have risen by 27%, posing financial challenges for businesses across the nation. - read more

Australia's Construction Boom Fuels Demand for Professional Indemnity Specialists

07 Dec 2025: Paige Estritori

Australia's construction industry is experiencing unprecedented growth, leading to a heightened demand for professional indemnity (PI) insurance specialists. This surge is driven by a combination of large-scale infrastructure projects, evolving contractual complexities, and new regulatory requirements. - read more

Evolving Trends in Professional Indemnity Insurance: Opportunities and Challenges

07 Dec 2025: Paige Estritori

The professional indemnity (PI) insurance market is undergoing notable shifts, presenting both opportunities and challenges for various sectors. Recent trends indicate a softening market, with premium reductions of approximately 5–10% available for low-risk profiles, particularly within financial services. This development offers financial relief for businesses with strong compliance records and minimal claims histories. - read more

Back Bay Professional Risks Debuts in Australia with Lloyd's-Backed Indemnity

29 Nov 2025: Paige Estritori

Market Lane Insurance Group has introduced Back Bay Professional Risks, a new underwriting division offering professional indemnity insurance tailored for consulting engineers and a range of professional service providers in Australia. This expansion addresses the growing demand for specialized insurance solutions in the professional services sector. - read more

BIA Introduces Integrated Indemnity and Liability Insurance Solution

21 Nov 2025: Paige Estritori

Berkley Insurance Australia (BIA) has announced the launch of a combined professional indemnity (PI) and public liability (PL) insurance product, set to be available from June 1 through the Steadfast Client Trading Platform (SCTP). This initiative aims to simplify the insurance process for brokers and their clients by offering a unified policy that addresses both professional and public liability risks. - read more

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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.