Key Challenges Facing Australian Insurers in 2026

Premium Affordability, Cybersecurity, and Talent Acquisition Top the List

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According to industry feedback cited in Gallagher Bassett’s upcoming 'The Carrier Perspective: 2026 Claims Insights' report, premium affordability and insurability have become the leading concerns for insurers, linked to rising inflation, increasing climate-related losses, and regulatory pressures.

Cyber and data security remains a major concern, with malicious or criminal attacks accounting for 59% of reported data breaches in the first half of 2025.

Workforce issues have also moved higher up the agenda, with the difficulty of attracting and retaining employees now the third-ranked challenge for 2026.

These challenges underscore the need for insurers to adapt and innovate in response to a rapidly evolving risk landscape.

Published:Monday, 8th Jun 2026
Author: Paige Estritori

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