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Professional Indemnity Australia Weekly Risk and Insurance News

Each week, Professional Indemnity Australia brings a clear, plain-English wrap of the news affecting professionals and small businesses across the country. We cover industry developments, regulatory updates, notable cases, and emerging risk trends—distilling what changed, why it matters, and practical takeaways you can act on. Expect concise, trustworthy coverage tailored to consultants, contractors, and SMEs, helping you stay informed, compliant, and confident without the noise.

This Week:

Australian commercial insurance rates are expected to remain soft in 2026, creating a window for consultants and SMEs to review professional indemnity cover. Insurers still face rising claim costs, cyber risk, and talent shortages, so strong risk management and documentation remain crucial to secure better terms. Despite new AI quoting tools, analysts expect brokers to stay central for complex SME placements. ASIC confirmed a late‑2025 surge in Financial Advisers Register updates; advisers not meeting the 1 January 2026 education standard are not authorised. Listeners are encouraged to review cover and visit the site for tailored PI options.

EPISODE 1295 | Professional Indemnity Australia Weekly Risk and Insurance News | Sun, 15th Feb 2026

21 Feb 2026 | Paige Estritori

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Read Full Transcript:

Hello and welcome to Professional Indemnity Australia Weekly Risk and Insurance News, Im Paige Estritori, and its Sunday 15 February 2026. First, some welcome news on premiums. Australian commercial insurance prices fell sharply late last year and are expected to stay softer into 2026. For consultants and SMEs—small and medium enterprises—this is a good time to review professional indemnity, or PI, cover. Use the window to check limits and exclusions, refresh your risk information, and see if broader terms or tighter excesses make sense for your work. Meanwhile, a new industry claims survey says premium affordability, cybersecurity, and labour shortages are front‑of‑mind for insurers this year. Around seven in ten reported higher costs per claim and more claim frequency, and about half expect to lift prices, even as some market rates ease. The takeaway: strong risk management still matters. Document your scope of services, quality controls, contracts, and cyber hygiene so underwriters can tailor PI cover to your real risk, not a generic profile. Next up, talk of “robo‑brokers.” New AI—artificial intelligence—quoting tools stirred market nerves, but analysts expect a “human‑in‑the‑loop” model to persist. For anything beyond simple packages, bespoke wordings and negotiated endorsements still count. Lean on a broker to compare PI quotes efficiently and to advocate at claim time—especially if your services are niche or higher risk. And for advice businesses, a compliance reminder. ASIC—the Australian Securities and Investments Commission—confirmed a late‑2025 rush of status updates on the Financial Advisers Register. By early February, the number flagged as not meeting the education standard had dropped from about four thousand to under two hundred. If you provide personal advice, you must meet the 1 January 2026 qualification rule to remain authorised. Keep evidence of credentials current, verify any authorised reps you engage, and tell your broker about licence or status changes so your PI policy stays aligned to your actual permissions. Thats the wrap. For clear guidance and tailored professional indemnity cover—plus quick, side‑by‑side quotes—head to professional-indemnity-australia.com.au. Im Paige Estritori; thanks for listening, and Ill see you next week.

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.