Australia: Insurance Laws and Products

Under Australian law, prior to entering into an insurance contract, an insured has a duty to disclose to the insurer any relevant matter that a reasonable person in the circumstances could be expected to know to be relevant.

The Victorian Court of Appeal has confirmed that loss and damage, not the underlying defect, must occur within the policy period for the purposes of the Domestic Building Insurance policy, and successors in title must prove their own loss in establishing a breach of the statutory warranties in the Domestic Building Contracts Act.

Demographic change is becoming a structural driver of life insurance M&A. Declining birth rates and rising life expectancy are reshaping pension systems globally and accelerating private sector involvement...

Recent decision demonstrates that section 54 will not apply to an inherent restriction or limitation in the policy.

Engaging an insurance broker helps remove the complexity and complications associated with taking out insurance.

This decision provides useful guidance to underwriters as to how a pollution liability policy clause can be drafted to ensure that it operates as intended by the insurer.

Understanding these terms is crucial for Australian travellers to ensure they are adequately protected.

Travel insurance is a vital safeguard against unforeseen events such as medical emergencies, trip cancellations, and lost luggage.

Our 2025 construction insurance law review provides insights into the latest trends in construction claims and what we expect to see in the future.