PII

Home About Us Articles Sitemap Apply

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

Clear

Why Complaint Handling Is Now a Professional Risk Test

26 Aug 2026: Paige Estritori

Fresh industry attention on ASIC’s internal dispute resolution data has put complaint handling back in the risk spotlight for financial services firms, advice practices and the businesses that support them. While IDR reporting is often viewed as a compliance obligation, it can also reveal the early stages of a professional indemnity exposure: a dissatisfied client, a disputed recommendation, a delayed response, an alleged error or a breakdown in communication. - read more

Compensation Rules Put Professional Indemnity Cover Back in Focus

19 Aug 2026: Paige Estritori

Fresh industry attention on ASIC's expectations for compensation arrangements is a timely reminder that professional indemnity insurance should not be treated as a once-a-year renewal task. For Australian professionals who provide advice, compliance support, financial services, consulting, design, technology or outsourced business services, the adequacy of cover depends on how closely the policy matches the work actually being performed. - read more

Respect@Work Duties Are Becoming a Professional Risk Issue

12 Aug 2026: Paige Estritori

Fresh attention on how Australian businesses put Respect@Work obligations into practice is a timely reminder that workplace conduct risk is no longer confined to HR manuals or internal training sessions. For consultants, advisers, compliance specialists, accountants, lawyers, recruiters, trainers and outsourced business support providers, the growing focus on prevention can also create a sharper professional liability exposure. - read more

ASIC Breach Reporting Trends Put Professional Risk Back Under the Microscope

04 Aug 2026: Paige Estritori

Following recent complaints data, fresh industry attention on ASIC’s reportable situations regime is another reminder that professional risk rarely appears without warning. Breach reporting, client complaints, remediation delays and internal control failures can all become early indicators of a larger professional indemnity exposure, particularly for firms that provide financial advice, credit assistance, compliance support, accounting, consulting or outsourced professional services. - read more

AFCA Complaints Data Sends a Clear Risk Signal

28 Jul 2026: Paige Estritori

Fresh complaints reporting from the Australian Financial Complaints Authority has given professional service firms another reminder that client dissatisfaction can become a serious balance sheet risk long before it turns into formal litigation. While the headline numbers are most closely watched by banks, insurers, superannuation trustees and financial advisers, the lesson is broader for any business that sells expertise, advice or technical judgement. - read more

Click for more Insurance News

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.