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Insurance Council of Australia
https://insurancecouncil.com.au/Last activity: 22.10.2025
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The Insurance Council of Australia is the representative body of the general insurance industry in Australia. Our members represent about 95 per cent of total premium income written by private sector general insurers. Insurance Council members, both insurers and reinsurers, are a significant part of the financial services system. December 2019 Australian Prudential Regulation Authority statistics show that the general insurance industry generates gross written premium of $50.2 billion per annum and has total assets of $129.7 billion. The industry employs about 60,000 people and on average pays out about $152.3 million in claims each working day. Insurance Council members provide insurance products ranging from those usually purchased by individuals (such as home and contents insurance, travel insurance, motor vehicle insurance) to those purchased by small businesses and larger organisations (such as product and public liability insurance, professional indemnity insurance, commercial property, and directors and officers insurance).
Overview
Location
Australia, New South Wales, Sydney
Employees
11-50
Founded date
1980
Mentions in press and media 17
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Nov 20, 2024 | SMBiT joins DSI to help develop SMB cybersecurity standard | Dynamic Standards International (DSI) has announced that SMBiT Professionals, a leading body for small and medium business (SMBs) IT service providers, has joined its Steering Committee to contribute to the development of the SMB1001 cybers... |
| Oct 22, 2024 | Insurance reform: NSW lawyer scores parliamentary support after helping small businesses with flood claims | Cheney Suthers director Kirsty Evans. Source: Kirsten Cunningham article-article-body After floods devastated communities across NSW and QLD in 2022, lawyer Kirsty Evans offered free support to small businesses locked in dispute with their ... |
| Dec 14, 2023 | Nearmap’s Aerial Image Data and AI Is Streamlining How Insurers Can Rate and Price Risk in Australia | Australia sees its share of natural disasters, like the black summer bushfires of 2019–2020 and the 2022 floods that turned into the most expensive natural disaster in Australia’s history. In times of crisis, or just when making everyday pr... |
| Oct 23, 2023 | After brutal fires and floods, peak insurance body calls for “immediate” reforms to help businesses with disaster coverage | Bushfires in NSW. Source: AAP/Darren Pateman. article-article-body Businesses struggling to keep up with soaring insurance premiums would benefit from the immediate reform of state insurance taxes, the Insurance Council of Australia says, a... |
| Oct 23, 2023 | Stephen Jones explains one way Australian businesses could get cheaper insurance premiums | Assistant Treasurer and Minister for Financial Services Stephen Jones. Source: AAP Image/Mick Tsikas article-article-body Insurance premiums could fall if insurers did a better job of recognising the disaster mitigation efforts taken by the... |
| Sep 8, 2023 | Australian Data Breach Costs are Rising — What Can IT Leaders Do? | Image: Creativa Images/Adobe Stock There’s a good reason Australian organizations are more conscious than ever of the risk of a data breach in 2023. In recent years senior IT professionals, along with many everyday Australians, have witness... |
| Apr 18, 2023 | Australian insurers warn against outright ransomware payment ban | The Insurance Council of Australia has warned the government to tread carefully in its contemplation of an outright ban on paying ransoms and extortion demands in data breach incidents. The council also wants the federal government to simpl... |
| Mar 30, 2023 | Insurtech: Preserving our way of life | Australian insurers write 43 million business and household policies each year and pay out $166 million in claims every business day 1. Globally, the insurance industry plays a critical role in preserving our way of life. |
| Sep 19, 2022 | “As climate impacts rise, so too do the premiums”: Expect high insurance costs as La Niña returns, report says | February's floods caused havoc for businesses in northern NSW and south-east Queensland. Source: Fleur Brown Payments to Australian insurers have risen alongside rainfall readings, a new report says, suggesting small businesses can expect h... |
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FAQ about Insurance Council of Australia
When was Insurance Council of Australia founded?
Insurance Council of Australia was founded in 1980.
What has the press written about Insurance Council of Australia?
Parsers VC has collected 17 articles mentioning Insurance Council of Australia, among them “SMBiT joins DSI to help develop SMB cybersecurity standard” (Nov 20, 2024) and “Insurance reform: NSW lawyer scores parliamentary support after helping small businesses with flood claims” (Oct 22, 2024).
Is Insurance Council of Australia still active?
Yes, Insurance Council of Australia is active; its latest activity on Parsers VC dates from Oct 22, 2025.