The Australian general insurance industry faces a protection gap, with around 35% of the population uninsured or underinsured, particularly in high-risk areas. Insurers are implementing strategies like community partnerships, product innovations, and technology integration to improve accessibility and affordability, while advocating for regulatory changes to enhance coverage and resilience among vulnerable Australians.
Tag Archives: insurance
How IAG Became Australia’s Most Innovative Insurer
IAG has been recognized as Australia’s most innovative insurer in 2025, with a 24% market share and a 91% innovation score. The company’s proactive approach addresses industry challenges, focusing on climate resilience, technological integration, and sustainability. IAG also collaborates with communities and policymakers, setting a new standard for the insurance sector.