- IAG Enhances Profit Projections Post-RACQ Insurance Integration
Insurance Australia Group (IAG) has revised its annual profit forecast upwards by $100 million, attributing this positive adjustment to the recent acquisition of RACQ Insurance. The company now anticipates a reported insurance profit ranging between $1.55 billion and $1.
- Envest Group Unveils TLI Underwriting to Serve Large Truck Fleets
Envest Group, a prominent entity in the insurance sector, has announced the launch of TLI Underwriting, a specialized heavy motor agency set to commence operations at the end of this month.
- NTI Report Highlights Human Error as Primary Cause of Major Truck Accidents
A recent report backed by the National Transport Insurance (NTI) has shed light on the predominant causes of major truck accidents in Australia, revealing that human error remains the leading factor. The findings underscore the critical need for enhanced safety measures and driver training within the transport industry.
- ASIC Initiates Legal Proceedings Against QBE for Misleading Discount Practices
The Australian Securities and Investments Commission (ASIC) has commenced legal action against QBE Insurance (Australia), alleging that the insurer misled more than 500,000 customers regarding promised discounts on various insurance products over a five-year period from July 2017 to September 2022.
- Escalating Collision Risks Challenge Australian Fleet Operators
Australia's transport and haulage sector is currently navigating a period of heightened operational risk, marked by an uptick in both the frequency and severity of motor collision claims.
- Understanding the Impact of Inattention and Speed on Australian Truck Crashes
The National Truck Accident Research Centre (NTARC) has released its 2025 Major Incident Investigation Report, shedding light on the primary human factors contributing to significant truck crashes across Australia.
- Envest Group's TLI Underwriting: A New Era for Large Truck Fleet Insurance
Envest Group, a prominent player in the insurance industry, has announced the launch of TLI Underwriting, a new heavy motor agency set to commence operations at the end of this month. TLI Underwriting will function as an authorised representative of Envest's heavy motor specialist underwriter, ATL Insurance Group.
- AFCA's Decision Highlights Importance of Accurate Insurance Declarations
The Australian Financial Complaints Authority (AFCA) has recently ruled against a trucking company that misrepresented its insurance history and operational details when obtaining a policy from NTI. This decision underscores the critical importance of providing accurate information during the insurance application process.
- Insuregroup Achieves Significant Growth in Truck Insurance Policies
Insuregroup, a specialist insurance brokerage serving Australia's transport and logistics sector, has recently achieved a significant milestone by processing over 10,000 insurance policies since its inception. This accomplishment includes a 25% year-on-year increase in policy count, highlighting the escalating demand for comprehensive truck insurance solutions among Australian freight operators.
- ACCC Greenlights Allianz's Acquisition of RAA Insurance
The Australian Competition and Consumer Commission (ACCC) has recently approved Allianz's acquisition of RAA Insurance Holdings, a decision that has sparked discussions about the future landscape of Australia's insurance industry.
- Australian Fleet Operators Confront Escalating Collision Risks
Australia's transport and haulage sector is currently navigating a period of heightened operational risk, marked by an uptick in both the frequency and severity of motor collision claims.
- ICA's Strategic Plan to Combat Escalating Motor Insurance Costs
The Insurance Council of Australia (ICA) has unveiled a comprehensive report titled 'Motor Insurance Policy Paper – A Roadmap for Reducing Rising Premiums,' addressing the significant 42% increase in comprehensive motor insurance premiums since 2019.
- Inattention and Speed: Key Contributors to Major Truck Accidents in Australia
The National Truck Accident Research Centre (NTARC) has released its 2025 Major Incident Investigation Report, shedding light on the primary human factors contributing to significant truck crashes across Australia.
- Inattention and Speed Identified as Key Factors in Australian Truck Crashes
The National Truck Accident Research Centre (NTARC) has released its 2025 Major Incident Investigation Report, shedding light on the primary human factors contributing to significant truck crashes across Australia.
- Insuregroup's Milestone: Over 10,000 Policies Amidst Growing Truck Insurance Demand
Insuregroup, a specialist insurance brokerage serving Australia's transport and logistics sector, has recently achieved a significant milestone by processing over 10,000 insurance policies since its inception. This accomplishment includes a 25% year-on-year increase in policy count, highlighting the escalating demand for comprehensive truck insurance solutions among Australian freight operators.
- Escalating Collision Risks Challenge Australian Fleet Operators
Australia's transport and haulage sector is currently navigating a period of heightened operational risk, marked by an uptick in both the frequency and severity of motor collision claims.
- FreightInsure's Innovative Embedded Insurance Solution Debuts in New Zealand
FreightInsure, an Australian-founded firm, has launched an embedded insurance platform in New Zealand, offering freight customers a more flexible way to cover goods in transit as part of the booking process.
- Addressing the Surge in Collision Risks for Australian Fleet Operators
Australia's transport and haulage sector is currently navigating a period of heightened operational risk, marked by an uptick in both the frequency and severity of motor collision claims.
- Understanding the Impact of Inattention and Speed on Australian Truck Crashes
The National Truck Accident Research Centre (NTARC) has released its 2025 Major Incident Investigation Report, shedding light on the primary human factors contributing to significant truck crashes across Australia.
- Navigating the Rise in Comprehensive Car Insurance Premiums for Australian Drivers
Australian motorists are experiencing continued pressure from rising comprehensive car insurance premiums, with average annual costs increasing by 5.8% between 2024 and 2025. This translates to an average increase of $122, bringing the typical comprehensive policy to $2,226, up from $2,104 a year earlier.
- NSW and SA Initiate Trials for Increased Mass Limits on Zero-Emissions Trucks
In a significant move towards sustainable transport, New South Wales (NSW) and South Australia (SA) have commenced trials permitting higher mass limits for zero-emissions trucks. This initiative aims to encourage the adoption of environmentally friendly heavy vehicles by addressing existing regulatory constraints.
- Austroads Survey Uncovers Safety Concerns with Overseas Licensed Heavy Vehicle Drivers
A recent survey conducted by Austroads has brought to light significant safety concerns regarding overseas licensed heavy vehicle drivers operating in Australia. With over 1,900 respondents, the survey aims to inform potential policy changes to enhance road safety and driver competency.
- ICA Advocates for Government Reforms to Mitigate Rising Motor Insurance Premiums
The Insurance Council of Australia (ICA) has issued a call for urgent government action to address the escalating costs of motor insurance premiums. Highlighting a 42% increase in comprehensive motor insurance premiums since 2019, the ICA attributes this surge to various systemic cost drivers.
- Queensland Aligns with National Heavy Vehicle Regulator
In a significant move towards regulatory consistency, Queensland has transferred its heavy vehicle compliance responsibilities to the National Heavy Vehicle Regulator (NHVR).
- Australian Truck Sales Experience Significant Downturn
The Australian truck market has witnessed a notable decline, with sales dropping by 11.7% in August 2025 compared to the same month in 2024. This downturn aligns with a broader decrease in business activity across the nation, as reported by the Truck Industry Council (TIC).
- Addressing Australia's Truck Driver Shortage: A Call for Youth Engagement
The Australian trucking industry is facing a critical shortage of drivers, with approximately 28,000 heavy-vehicle driving positions unfilled as of last year. This shortfall is exacerbated by an ageing workforce, where nearly half of all drivers are over 55 years old, and only 5% are under 25.
- Insuregroup Highlights Elevated Risks in Expanding Truck Fleets
Stirling Sanderson, Managing Director at Insuregroup, has raised concerns about the increased risks associated with larger truck fleets. He notes that crash rates tend to rise more quickly as trucking operations expand, a trend evident in recent industry data.
- IAG Confirms Minimal Fire Risk in EVs, Advocates for Fleet Electrification
Shawn Ticehurst, Head of the IAG Research Centre, has addressed prevalent concerns regarding the fire risks associated with electric vehicles (EVs). Speaking at the Smart Energy Expo in Sydney, Ticehurst stated that the risk of EV battery fires is 'effectively zero' when systems are properly installed and undamaged.
- NTI Celebrates 20 Years of Transforming Heavy Vehicle Repairs in Australia
In August 2024, NTI commemorated the 20th anniversary of its Premium Repairer Network, a pivotal initiative that has significantly reshaped Australia's heavy vehicle repair industry. Established in 2004, the network aimed to address longstanding inefficiencies and foster trust between repairers and insurers.
- Isuzu Australia Releases Comprehensive 2024 Transport Industry Research
In April 2024, Isuzu Australia Limited (IAL) unveiled 'The Future of Trucking Report: The Way Forward,' an extensive study shedding light on evolving trends and challenges within Australia's road transport sector.
- Landmark Case Serves as a Warning to Australian Transport Industry
In January 2024, the Australian transport industry witnessed a landmark ruling that underscored the critical importance of regulatory compliance and safety standards.
- ACCC Scrutinizes IAG's Proposed Acquisition of RAC Insurance
The Australian Competition and Consumer Commission (ACCC) has expressed concerns over Insurance Australia Group's (IAG) proposed A$1.35 billion ($877 million) acquisition of The Royal Automobile Club of Western Australia's (RAC) insurance business.
- Envest Group Launches TLI Underwriting to Serve Larger Truck Fleets
Envest Group, a prominent player in the insurance industry, has announced the launch of TLI Underwriting, a new heavy motor agency set to commence operations at the end of this month. TLI Underwriting will function as an authorized representative of Envest's heavy motor specialist underwriter, ATL Insurance Group.
- ASIC Sues IAG's RACQ Insurance for Misleading Premium Practices
The Australian Securities and Investments Commission (ASIC) has initiated Federal Court proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers through deceptive premium comparison pricing in renewal notices issued between September 2019 and December 2024.
