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IAG's Recommendations to the Federal Inquiry on Small Business Insurance

Enhancing Insurance Outcomes for Australian Small Businesses

IAG's Recommendations to the Federal Inquiry on Small Business Insurance?w=400

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.

Insurance Australia Group (IAG) has recently submitted its recommendations to the Federal Parliamentary Joint Committee on Corporations and Financial Services, focusing on the Inquiry into Small Business Insurance.

In its submission, IAG outlines how small business insurance operates across its retail and intermediated channels and provides recommendations to support stronger, more sustainable outcomes for small businesses in Australia.

With a history spanning over a century, IAG serves as an essential partner to thousands of homegrown businesses, assisting them in preparing for, responding to, and recovering from unexpected events. The insurer emphasizes the critical role of insurance in enabling businesses to operate with confidence, highlighting its commitment to supporting small businesses in remaining viable, protecting livelihoods, meeting regulatory requirements, and absorbing shocks during severe weather and unexpected losses.

IAG's submission underscores the importance of tailored insurance solutions that align with the unique needs of small businesses. By addressing the specific challenges faced by this sector, IAG aims to contribute to the development of policies and practices that enhance the resilience and sustainability of small businesses across Australia.

Published:Tuesday, 14th Apr 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

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Insurance News

Newline Group Strengthens Australian Presence with Sydney Office and Key Appointment

Newline Group Strengthens Australian Presence with Sydney Office and Key Appointment

14 Apr 2026: Paige Estritori

Specialty insurer Newline Group has announced the opening of a new office in Sydney, marking a significant expansion of its Australian operations. This strategic move aims to bring the company closer to its distribution partners and clients in the region, enhancing service delivery and fostering stronger relationships. - read more

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14 Apr 2026: Paige Estritori

A recent survey conducted by KPMG has unveiled a significant shift in the expectations of Australian CEOs regarding office work. The findings indicate that only 22% of those surveyed anticipate a full-time return to the office for corporate employees within the next three years. This marks a substantial decrease from the 82% reported in the previous year, signaling a notable change in leadership perspectives on workplace dynamics. - read more

IAG's Recommendations to the Federal Inquiry on Small Business Insurance

IAG's Recommendations to the Federal Inquiry on Small Business Insurance

14 Apr 2026: Paige Estritori

Insurance Australia Group (IAG) has recently submitted its recommendations to the Federal Parliamentary Joint Committee on Corporations and Financial Services, focusing on the Inquiry into Small Business Insurance. In its submission, IAG outlines how small business insurance operates across its retail and intermediated channels and provides recommendations to support stronger, more sustainable outcomes for small businesses in Australia. - read more

ASIC Directs 11 Insurers to Refund $815 Million to Customers

ASIC Directs 11 Insurers to Refund $815 Million to Customers

14 Apr 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has ordered 11 insurance companies to refund a total of $815 million to customers following an investigation into pricing failures and governance issues. The investigation revealed that these insurers engaged in complex and reckless pricing models, lacked appropriate governance systems, and failed to adequately monitor and control their distributors, leading to millions of customers being overcharged. - read more

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