Insurance News Wrap

In this week's Insurance News Wrap, we touch upon how changes in the superannuation insurance landscape will impact AFL players, with Zurich Insurance excluding traumatic head injury claims from their coverage. We also discuss the Australian Prudential Regulation Authority's (APRA) reforms to improve the sustainability and affordability of longevity products such as annuities. On another note, we...

This week's Insurance News Wrap discusses key developments in the industry. Zurich Insurance will exclude traumatic head injury claims from superannuation policies for AFL players from next year due to uncertainty over concussion risks in high-contact sports. As a result, players' financial support will be significantly reduced, leading the AFL Players Association to seek alternative support measu...

This episode of Financial Services Online discussed several important insurance news updates. Zurich Insurance's controversial decision to exclude traumatic head injury claims from AFL players superannuation policies due to concussion risks has prompted widespread concern, leading the AFL Players Association to seek alternative measures. APRA is introduced reforms to longevity products, aiming at...

In this episode of the Weekly Insurance News Wrap, key updates include the Australian Prudential Regulation Authority's recent reforms on the capital treatment of longevity products, aimed to improve sustainability and affordability for retirees. In partnership news, Australian health insurer nib has teamed up with NobleOak Life to introduce a broader range of life insurance products, enhancing fi...

This episode of the Weekly Insurance News Wrap, hosted by Paige Estritori, presents news from Australia's insurance sector. The program begins with the Queensland Law Society (QLS) announcing a 15% reduction in professional indemnity insurance levies for 2066-67, marking a win for legal practitioners. Meanwhile, the Australian Competition and Consumer Commission has halted Insurance Australia Grou...

This weekly podcast episode from Financial Services Online highlights key insurance industry developments. Hostplus has extended its partnership with MetLife Australia until 2028, aiming to enhance their superannuation fund members' insurance offerings. This includes improved claims, underwriting services, superior premiums, and personalized claims experiences. Given the broader changes in the ins...

In this episode of the Weekly Insurance News Wrap, presented by Financial Services Online, we explore major highlights from the Australian Insurance market. The expansion of the Hostplus and MetLife Australia alliance until 2028 promises improved claims processing, underwriting services, and innovative solutions. It aims to ensure better premiums and a tailored claims experience for around 865,000...

This week's Insurance News Wrap covers a range of topics impacting the Australian insurance sector. Hostplus extended its partnership with MetLife Australia until 2028, aiming to improve their claims and underwriting services, which will potentially offer better premiums, favorable terms, and a personalized claims experience for Hostplus's members. New South Wales government introduced crucial str...

Paige Estritori covers this week's insurance news ending May 31, 2026. In Australia's commercial insurance market, soft conditions continue due to increased competition, stable reinsurance, and a global capital surplus post-COVID. Property insurance premiums remain stable for well-maintained properties, with positives for mid-market businesses under general liability insurance. The challenge lies...

In this episode, Paige Estritori of Financial Services Online covers recent weekly insurance news. The Australian commercial insurance market is softening due to the improved profitability of post-COVID key players and a global surplus of capital, leading to price competition. Consumers see increased choices and steady premiums for well-maintained properties. Mid-market businesses with sound risk...

This week, Paige Estritori from Financial Services Online provides insights into key trends in Australia's insurance market. The commercial insurance sector has seen an easing trend driven by increased competition, expanded capacity, and stable reinsurance conditions. New market entrants are contributing to an intense price competition, while changes in coverages, such as property, liability, and...

In this episode, Paige Estritori discusses the key insurance sector updates of the week. Firstly, industry leaders have held a roundtable to discuss the sustainability challenges within Australia's Total and Permanent Disability insurance market amid increasing mental health claims and evolving employment patterns. Secondly, Australian superannuation fund, HESTA, has pledged a 12% average cut in i...

This podcast, hosted by Paige Estritori of Financial Services Online, covers key updates in the Australian insurance industry. Firstly, the sustainability challenges of Total and Permanent Disability (TPD) Insurance were discussed in a roundtable between APRA and ASIC regulators, and executives from 19 insurers. Issues include increasing mental health claims and changes in workforce dynamics, prom...

In this week's podcast, Paige Estritori discusses recent developments in the insurance industry. Key topics include a call for sustainable Total and Permanent Disability (TPD) insurance by industry leaders, led by Australia's financial regulators. The need to innovate TPD products due to increased mental health claims and changing workforce dynamics is emphasized. While trends shift towards contem...

In this week's podcast, Paige Estritori discusses major industry developments in the Australian insurance sector. The Total and Permanent Disability (TPD) insurance market is undergoing significant changes as leaders work towards better consumer outcomes, addressing mental health claims and evolving workforce trends. There's a noteworthy divide as retail markets lean towards modernized TPD structu...

This podcast update covers several important insurance news items in Australia. HESTA, a prominent Australian superannuation fund, has announced a significant decrease in insurance fees, offering an average reduction of 12% that will particularly benefit those in the trades sector. The podcast also mentions forthcoming plans to improve coverage during pregnancy, facilitate insurance waivers during...

On this week's insurance news across Australia, HESTA, a leading superannuation fund will be reducing insurance costs for members by an average of 12% starting July 1, 2026; a strategic move aimed at boosting affordability, with benefits especially for tradespeople. The Law Society of Queensland has approved a 15% reduction in professional indemnity insurance levies for 2026-27, thanks to strategi...

In this week's Weekly Insurance News Wrap for May 23rd, 2026, HESTA is slashing insurance fees by 12%, aiming to increase members' financial security. This fee reduction will benefit self-employed individuals, with an enhanced application process and waived fees during parental leave. The New South Wales government is reconsidering the Emergency Services Levy to reduce its heavy financial impact o...

This week's podcast from Financial Services Online discusses the vital role of regulatory bodies in the insurance sector while highlighting financial reports and international concerns. Key points include resistance by the Australian Competition and Consumer Commission (ACCC) to Insurance Australia Group's (IAG) $1.3 billion acquisition bid of RAC Western Australia's insurance operations due to th...

In this week's insurance news, Australia's non-life insurance sector posts strong growth with an 11.1% revenue increase, largely credited to high contributions from top insurers, decreased catastrophe losses, and substantial investment income. Meanwhile, the proposed $1.35 billion acquisition of RAC Insurance by the Insurance Australia Group (IAG) is under ACCC scrutiny due to potential competitio...

This podcast covers significant updates in Australia's insurance sector, including the non-life insurance sector's strong performance with 11.1% revenue growth in the 2025 fiscal year. Other notable points include the Insurance Australia Group's proposed acquisition of RAC Insurance, now under scrutiny from the ACCC due to competition concerns. In light of this, the ACCC encourages public input un...

In this episode, Paige Estritori of Financial Services Online discusses the week's key insurance news. Highlights include Insurance Australia Group (IAG) combatting the soft commercial insurance market through its Intermediated Insurance Australia division, using strategic moves and AI tech to register a $328 million profit. In transport news, South Australia responds to rising fuel prices by refo...

In this week's Financial Services Online Insurance News Wrap, host Paige Estritori discusses key developments in Australia's insurance industry. One highlight includes Insurance Australia Group's (IAG) successful adaptation to a softening commercial insurance market, reflected in their profit of $328 million last year. South Australia's major reforms in heavy vehicle regulations aim to increase fu...

In this Weekly Insurance News Wrap, we delve into Insurance Australia Group's tactful approach to the weak insurance market - leveraging their Intermediated Insurance Australia division, focusing on technology and AI, and aiming for a 13% insurance margin by 2030. We also discuss South Australia's response to climbing fuel prices - permitting heavier, longer trucks on roads to enhance fuel efficie...

In the Weekly Insurance News Wrap, Paige Estritori discusses key insurance sector issues. The Australian Competition and Consumer Commission (ACCC) delves deeper into Insurance Australia Group's proposed acquisition of RAC Insurance due to potential reduced competition in Western Australia. The deal, worth A$1.35 billion, includes a 20-year exclusive distribution agreement for RAC-branded products...