If 2025 was about insurers tightening the lens, 2026 looks like the year where the “why” behind your risk matters just as much as the “what”. This year, insurers continued to place a strong emphasis on risk selection and profitability. For mid-to-large businesses, this often translated to more … [Read more...] about What’s Changing in 2026: The Insurance Risks Australian Businesses Can’t Ignore
As 2025 comes to a close, we want to thank our clients and partners for the trust you’ve placed in Crucial Insurance and Risk Advisors. We're also grateful to our wider community, including our families and friends, who support the work we do behind the scenes, especially during the busiest … [Read more...] about Thank You For 2025: Market Wrap Up and Office Closure Dates
A huge thank you to everyone who visited Crucial Insurance at IMARC Sydney 2025 and entered our iPhone 17 Pro Max giveaway. We’ve now completed the draw and are thrilled to announce our winner: Sean Kinder! It was great meeting so many leaders across the mining value chain in IMARC. A … [Read more...] about IMARC 2025 iPhone Giveaway Winner Announced!
https://www.youtube.com/watch?v=SZYjRlEn3xY The Australian insurance market is experiencing notable shifts, offering businesses new opportunities to re-evaluate their insurance strategies and premiums. After a period characterised by steadily increasing premiums, insurers are now becoming … [Read more...] about How Smart Australian Companies Are Capitalising on Shifts in the Insurance Market
The rise of artificial intelligence (AI) isn’t just reshaping how businesses operate: it’s significantly amplifying the potential cyber risks companies face. From chatbots and automated customer service to sophisticated predictive analytics, businesses across Australia increasingly depend on AI for … [Read more...] about Cyber Insurance and AI: Is Your Business Really Covered?
The Australian insurance market in 2024 experienced a stabilisation in premium rates and increased competition across many insurance classes. This year also saw a resurgence in insurer profitability, driven by higher investment returns amid a favourable economic environment. But what does … [Read more...] about 2024 Insurance Market Recap: Trends, Challenges and Opportunities
In certain industries—especially high-risk sectors such as mining, construction and engineering—businesses often find themselves in a unique position. They sell or build a product but are also tasked with designing a unique solution that goes beyond the scope of the product itself. For example, … [Read more...] about Mining Contractors: Avoid Severe Financial Consequences With Combined Liability Insurance
In an important legislative update, Queensland has recently made it illegal to insure against fines related to Work Health and Safety (WHS) contraventions. This change, announced in March of 2024, aligns Queensland with several other states in Australia that have introduced similar … [Read more...] about WHS Fines Insurance Banned in New South Wales, Victoria – and Now, Queensland. Here’s What You Need To Know