Farm Insurance Australia :: News
SHARE

Share this news item!

Suncorp's Renewed Commitment to Economic Equity Initiatives

Suncorp's Renewed Commitment to Economic Equity Initiatives

Suncorp's Renewed Commitment to Economic Equity Initiatives?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.

Suncorp has launched its third Reconciliation Action Plan (RAP) designed to bolster the economic standing and opportunities for First Nations people.
The new plan emphasizes deepening the insurer's existing commitments and exploring fresh pathways towards equitable growth.

The launch event of the RAP featured an enlightening panel discussion that illuminated the achievements to date and set forth new commitments for the period leading up to 2026. Employees from all corners of the company were invited to engage and reflect on the importance of reconciliation.

Stuart Beaumont, EGM of Customer Service, expressed optimism about the future: "We are eager to build upon and enhance the relationships we've developed. This plan presents numerous opportunities to make a real difference in the lives of Aboriginal and Torres Strait Islander communities." He highlighted the tangible benefits the plan aims to deliver, driven by renewed commitment and focus.

The new RAP not only aims to foster reconciliation but also seeks to enhance the access of Aboriginal and Torres Strait Islander peoples to appropriate insurance products and services. Key commitments include promoting reconciliation within their sphere of influence and refining access to tailored insurance solutions.

CEO Steve Johnston reflected on the progress since the inaugural RAP in 2018: "While we've achieved significant strides, there is still more to be done to drive impactful change. The board and leadership team are devoted to fortifying and nurturing our connections, furthering our commitment to the RAP, and making a positive difference." Johnston emphasized the company's ongoing dedication to impacting race relations, equality, and equity positively.

The original article referenced for these insights was published by Insurance News Australia.

Overall, Suncorp's newly unveiled plan represents a continued and evolving effort to promote economic equity. The insurer looks forward to executing this robust plan, which promises to extend significant opportunities and benefits to Aboriginal and Torres Strait Islander peoples across Australia.

Published:Tuesday, 16th Jul 2024
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Call for Enhanced Support for Indigenous Insurance Customers
Call for Enhanced Support for Indigenous Insurance Customers
09 Dec 2025: Paige Estritori
The Life Code Compliance Committee has identified significant gaps in support for Indigenous customers within the insurance sector, following an audit of three major insurers representing two-thirds of the market. The analysis reveals that these insurers lack adequate procedures for safe self-identification, a critical step towards ensuring cultural inclusivity and accessibility. - read more
Australian Insurtech Startups: Pioneering the Future of Insurance
Australian Insurtech Startups: Pioneering the Future of Insurance
09 Dec 2025: Paige Estritori
The Australian insurtech sector is experiencing significant growth, with startups introducing innovative solutions that enhance efficiency, security, and customer engagement within the insurance industry. A recent report titled 'Insurtech Down Under: Trends, Tech and Triumphs' highlights the pivotal role these companies play in reshaping the market. - read more
Australian Insurers Address Surge in Mental Health Claims
Australian Insurers Address Surge in Mental Health Claims
09 Dec 2025: Paige Estritori
The Australian insurance industry is facing unprecedented challenges due to a significant rise in mental health-related claims. The Council of Australian Life Insurers reports that mental health has become the leading cause of total and permanent disability claims, accounting for nearly one in three payouts. - read more
Calls for Overhaul in Australian Insurance Claims Handling Processes
Calls for Overhaul in Australian Insurance Claims Handling Processes
09 Dec 2025: Paige Estritori
Australian consumer advocacy groups are intensifying their calls for substantial reforms in the insurance industry's claims handling processes. The Australian Consumers Insurance Lobby (ACIL) has criticised the current system, highlighting ongoing issues that compromise consumer outcomes. - read more
WFI Insurance Rewards Sustainable Farming with Premium Discounts
WFI Insurance Rewards Sustainable Farming with Premium Discounts
08 Dec 2025: Paige Estritori
In a significant move towards promoting sustainable agriculture, WFI Insurance has announced a new initiative offering premium discounts to farmers who obtain AgCarE certification. This program, developed by AgForce, aims to recognise and reward farmers implementing eco-friendly practices on their properties. - read more
IAG and Ag Guard Forge Partnership to Elevate Crop Insurance for Australian Farmers
IAG and Ag Guard Forge Partnership to Elevate Crop Insurance for Australian Farmers
08 Dec 2025: Paige Estritori
In a significant development for Australia's agricultural sector, Insurance Australia Group (IAG) has announced a strategic partnership with Ag Guard, a specialist rural underwriting agency. This collaboration will see Ag Guard managing the underwriting for IAG-owned CGU and WFI's crop insurance portfolios starting June next year. - read more
AFCA Mandates Higher Payout for Farmers in Flood Damage Dispute
AFCA Mandates Higher Payout for Farmers in Flood Damage Dispute
08 Dec 2025: Paige Estritori
The Australian Financial Complaints Authority (AFCA) has recently ruled in favour of a farming group, mandating that insurer Achmea increase its payout for flood damage claims. This decision underscores the critical importance of thorough and expert assessments in the insurance claims process. - read more
ASIC Initiates Legal Proceedings Against QBE for Misleading Discount Practices
ASIC Initiates Legal Proceedings Against QBE for Misleading Discount Practices
08 Dec 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has commenced legal action against QBE Insurance (Australia), alleging that the insurer misled more than 500,000 customers regarding promised discounts on various insurance products over a five-year period from July 2017 to September 2022. - read more
Escalating Collision Risks Challenge Australian Fleet Operators
Escalating Collision Risks Challenge Australian Fleet Operators
08 Dec 2025: Paige Estritori
Australia's transport and haulage sector is currently navigating a period of heightened operational risk, marked by an uptick in both the frequency and severity of motor collision claims. This trend underscores the pressing need for fleet operators to adopt proactive risk management strategies and leverage advanced insurance solutions to safeguard their operations. - read more
Understanding the Impact of Inattention and Speed on Australian Truck Crashes
Understanding the Impact of Inattention and Speed on Australian Truck Crashes
08 Dec 2025: Paige Estritori
The National Truck Accident Research Centre (NTARC) has released its 2025 Major Incident Investigation Report, shedding light on the primary human factors contributing to significant truck crashes across Australia. The findings emphasise the critical roles of inattention, distraction, and inappropriate speed in these incidents, underscoring the necessity for targeted safety interventions within the transport industry. - read more


Farm Insurance Articles

Understanding Farm Equipment Insurance: A Breakdown for Australian Farmers
Understanding Farm Equipment Insurance: A Breakdown for Australian Farmers
In the dynamic world of Australian agriculture, farm equipment plays a crucial role in the day-to-day operations of farms. From tractors to harvesters, having the right machinery means managing your farm more efficiently. However, the high value of this equipment makes it essential to protect it adequately through insurance. - read more
How to Safeguard Your Farm: A Guide for Australian Farmers
How to Safeguard Your Farm: A Guide for Australian Farmers
Farming is inherently risky. With factors like weather, pests, and market fluctuations affecting crops, it's crucial to manage these risks effectively. - read more
Customized Insurance Solutions: The Advantage of Specialized Farm Brokers
Customized Insurance Solutions: The Advantage of Specialized Farm Brokers
Farming in Australia is more than just a way of life; it is a critical sector that supports the nation’s economy and food supply. However, managing a farm comes with its own set of unique risks. From natural disasters to equipment failures, farmers face numerous challenges that can impact their livelihood. - read more
From Droughts to Floods: Understanding Weather-Related Coverage in Farm Insurance
From Droughts to Floods: Understanding Weather-Related Coverage in Farm Insurance
Australian farmers face a unique set of challenges due to the vast and varied climate conditions that sweep across the continent. From the scorching heat and prolonged droughts of the Outback to the tropical storms and torrential rains of the northern regions, weather-related risks are an integral part of agricultural life in Australia. - read more
Protecting Your Herd: The Aussie Farmer's Guide to Livestock Insurance
Protecting Your Herd: The Aussie Farmer's Guide to Livestock Insurance
For Australian farmers, livestock is more than just a vital asset; it's the heartbeat of their livelihood. In a land where the sunburnt plains are as relentless as they are beautiful, protecting your herd isn't just a duty; it's a necessity. That's where livestock insurance comes into play—a shield against the unpredictability of Mother Nature. - read more
5 Essential Farm Insurance Policies Every Australian Farmer Needs
5 Essential Farm Insurance Policies Every Australian Farmer Needs
Farming in Australia is not just a job, it's a way of life. However, it’s also a livelihood that comes with its own unique set of risks. From unexpected weather events to machinery breakdowns, the life of an Australian farmer is fraught with uncertainties. - read more
Insurance for Hobby Farms: Finding the Right Coverage
Insurance for Hobby Farms: Finding the Right Coverage
Hobby farming has become increasingly popular in Australia, with many individuals and families embracing the joys of growing their own produce, raising livestock, and enjoying a rural lifestyle. Whether it's a small vegetable garden, a few chickens, or a larger mixed farming operation, hobby farms offer both relaxation and a connection to nature. - read more
Common Pitfalls to Avoid When Insuring Your Farm Equipment
Common Pitfalls to Avoid When Insuring Your Farm Equipment
In the world of agriculture, having the right insurance coverage is essential. Farming is a high-risk industry that deals with unpredictable elements, and insuring your farm equipment can safeguard your livelihood. - read more
Farm Liability Insurance Costs vs. Benefits: Is It Worth It?
Farm Liability Insurance Costs vs. Benefits: Is It Worth It?
Farm liability insurance is a type of coverage that protects farmers from financial losses due to legal claims and lawsuits. This insurance is crucial for safeguarding your farm against various liabilities that may arise from farm operations. - read more
Investing in Your Farm's Legacy: Estate Planning and Farm Insurance Combined
Investing in Your Farm's Legacy: Estate Planning and Farm Insurance Combined
Farming is much more than an occupation; it's a way of life and a heritage that often spans generations. In today's ever-evolving agricultural landscape, embracing modern practices while preserving your farm's future has never been more crucial. Estate planning emerges as a pivotal strategy for safeguarding your agricultural legacy, ensuring that your hard-earned investments and the land you hold dear are passed on according to your wishes. - read more


Need a Quote?
Start your free farm insurance quote comparison here.
Farm Type:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Occupational Hazard:
A risk associated with the nature of a particular occupation, which may affect insurance premiums.