Plant And Equipment Insurance Online :: News
SHARE

Share this news item!

Europ Assistance Australia Gains APRA Approval to Underwrite Travel Insurance

What This Means for Australian Travellers Seeking Reliable Coverage

Europ Assistance Australia Gains APRA Approval to Underwrite Travel 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.

Europ Assistance Australia (EAA) has achieved a significant milestone by obtaining a general insurance licence from the Australian Prudential Regulation Authority (APRA).
This authorisation enables EAA to underwrite its own travel insurance products, marking a pivotal step in its commitment to the Australian market.

Previously, EAA's travel insurance products were underwritten by third-party carriers. With this new licence, EAA can now manage product design, pricing, and risk directly within the Australian regulatory framework. This shift is expected to enhance the company's ability to tailor insurance solutions that closely align with the evolving needs of Australian travellers.

Justin Sebire, CEO of Europ Assistance in Australia and New Zealand, highlighted that securing their own licence strengthens their ability to deliver on their mission to assist travellers from distress to relief with greater speed, care, and accountability. The licence also provides EAA with the flexibility to design and deliver products that are closely aligned with how, where, and why Australians travel, ensuring that relevant, modern, and future-ready insurance solutions are available.

For Australian travellers, this development signifies a more streamlined and responsive insurance experience. EAA's direct underwriting capability is anticipated to lead to more competitive pricing, innovative product offerings, and enhanced customer service. Travellers can expect insurance products that are more attuned to their specific needs, whether they are embarking on domestic trips or international adventures.

As the travel industry continues to navigate the complexities of a post-pandemic world, the ability of insurers to adapt and respond to changing traveller behaviours and expectations is crucial. EAA's move to underwrite its own policies positions it as a more agile and customer-focused player in the Australian travel insurance market.

Published:Sunday, 7th Jun 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.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

Allianz Partners Strengthens Australian Presence with nib Acquisition
Allianz Partners Strengthens Australian Presence with nib Acquisition
07 Jun 2026: Paige Estritori
In a significant development within the Australian travel insurance industry, Allianz Partners has announced the acquisition of a substantial portion of nib Group's travel insurance portfolio in Australia and New Zealand. This strategic move, valued at up to A$50 million, marks a pivotal expansion for Allianz Partners in the Asia-Pacific region. - read more
Freely Launches Tailored Travel Insurance Plans for Australians
Freely Launches Tailored Travel Insurance Plans for Australians
07 Jun 2026: Paige Estritori
Freely Travel Insurance has unveiled three innovative travel insurance plans designed to cater to the varied needs of Australian travellers. The newly introduced plans-Essentials, Explorer, and Explorer Pro-offer different levels of coverage, ensuring that individuals can select a policy that aligns with their specific travel requirements and budgets. - read more
Europ Assistance Australia Gains APRA Approval to Underwrite Travel Insurance
Europ Assistance Australia Gains APRA Approval to Underwrite Travel Insurance
07 Jun 2026: Paige Estritori
Europ Assistance Australia (EAA) has achieved a significant milestone by obtaining a general insurance licence from the Australian Prudential Regulation Authority (APRA). This authorisation enables EAA to underwrite its own travel insurance products, marking a pivotal step in its commitment to the Australian market. - read more
HESTA's 12% Insurance Fee Reduction: What It Means for Real Estate Professionals
HESTA's 12% Insurance Fee Reduction: What It Means for Real Estate Professionals
07 Jun 2026: Paige Estritori
HESTA, a leading superannuation fund, has announced a significant reduction in insurance fees, averaging 12% across all cover types, effective from 1 July 2026. This initiative aims to provide more accessible and affordable insurance coverage for its members, including real estate professionals who rely on comprehensive protection. - read more
IAG's $505 Million Profit: Navigating Weather Challenges in the Insurance Sector
IAG's $505 Million Profit: Navigating Weather Challenges in the Insurance Sector
07 Jun 2026: Paige Estritori
Insurance Australia Group (IAG), a prominent player in the Australian insurance market, has reported a net profit after tax of $505 million for the first half of the 2026 financial year. This figure represents a decrease from the $778 million recorded in the corresponding period of the previous year, primarily due to the impact of severe seasonal weather events. - read more


Equipment Insurance Articles

What Paperwork is Necessary When Applying for Plant and Equipment Insurance?
What Paperwork is Necessary When Applying for Plant and Equipment Insurance?
In the bustling world of business, safeguarding your assets is crucial. This is especially true for industries reliant on machinery and equipment. One essential type of coverage for such businesses is plant and equipment insurance. It provides financial protection against risks associated with the loss or damage of your essential tools. - read more
What does plant and equipment insurance cover?
What does plant and equipment insurance cover?
Plant and equipment insurance is a specialized form of coverage designed to protect the tools and machinery that businesses rely on for their operations. This type of insurance typically covers various assets, including construction machinery, agricultural equipment, and industrial tools. By safeguarding these critical assets, you can ensure that your business continues to run smoothly even in the event of loss or damage. - read more
General Liability Insurance vs. Plant and Equipment Insurance: What You Need to Know
General Liability Insurance vs. Plant and Equipment Insurance: What You Need to Know
When it comes to running a business, insurance is one of those things that often gets overlooked. However, understanding the different types of insurance is crucial for protecting your business assets and ensuring your peace of mind. Among the many options available, plant and equipment insurance is vital for businesses that rely on machinery and various tools. - read more
The Factors That Affect Plant and Equipment Insurance Premiums in Australia
The Factors That Affect Plant and Equipment Insurance Premiums in Australia
Plant and equipment insurance is a specific type of policy designed to protect the tools, machinery, and equipment that businesses rely on for their operations. This insurance safeguards against various risks, ensuring that your essential assets are not a financial burden during unforeseen circumstances. - read more
Understanding Plant and Equipment Insurance: A Guide for Small Business Owners
Understanding Plant and Equipment Insurance: A Guide for Small Business Owners
When it comes to running a small business, particularly in sectors like construction, having the right insurance is essential. This is where plant and equipment insurance comes into play. It protects your valuable machinery and tools, allowing you to focus on your projects without the constant worry of potential financial loss. - read more

Knowledgebase
Grace Period:
A time period after the premium is due during which an insurance policy remains in force even if the premium has not yet been paid.