Insurance News from Professional Indemnity Australia
Professional Indemnity Australia is pleased to present the latest financial news headlines.
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Insurance News
| Markel's New Professional Indemnity Insurance Solutions for Australian Professionals 05 Nov 2025: Paige Estritori In April 2024, Markel, a US-based specialty insurer, unveiled a suite of professional indemnity (PI) insurance products specifically designed for the Australian market. These offerings cater to professionals in accounting, construction, design and construct, insurance, media, and miscellaneous sectors. - read more |
| APRA's Regulatory Action on Pacific International Insurance's Binder Management 05 Nov 2025: Paige Estritori In November 2024, the Australian Prudential Regulation Authority (APRA) directed Pacific International Insurance to increase its prudential capital requirement by $10 million. This action was taken in response to identified deficiencies in the insurer's oversight and control of its binder arrangements with intermediary partners. - read more |
| Australian Small Businesses Advocate for Insurance Premium Reforms 05 Nov 2025: Paige Estritori In October 2025, the Australian Chamber of Commerce and Industry, in collaboration with the Insurance Council of Australia, released a report highlighting the significant challenges faced by small and medium-sized enterprises (SMEs) due to soaring insurance premiums. The report emphasizes that many SMEs are compelled to either forgo insurance coverage or reduce their policies to remain financially viable in a challenging economic environment. - read more |
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