Insurance News Wrap

In this episode of Financial Services Online's Weekly Insurance News Wrap, Paige Estritori explores the recent developments in the Australian insurance sector. After the Insurance Australia Group reported a significant 91% increase in net profit, businesses are warned of continuing insurance premium rises due to factors like inflation, climate change and increasing costs. Especially hard-hit are b...

In this episode of Financial Services Online, host Paige Estritori covers updates from the Australian insurance industry. She discusses the backdrop of rising insurance premiums, led by Insurance Australia Group's surge in net profit and CEO Nick Hawkins's warning of potential premium hikes due to inflation and the effects of climate change. The hospitality sector's struggle with spiralling insura...

In this week's Insurance News Wrap, TAL's Health Sense Plus program extends its services to include income protection insurance, offering a 5% discount on premiums for new policies in the initial two-year period. Mental health issues have become the primary reason for disability claims in Australia, with nearly a third of these claims now due to mental health conditions, costing over $2.2 billion...

In this episode, Paige Estritori discusses 2024's significant increase in Australian insurers' profits, driven by favourable weather conditions and steep premium hikes. The episode highlights concerns on insurance affordability and the necessity of balancing industry profitability with consumer interests. As premiums rise, policyholders are feeling the financial pinch. Australian Opposition Leader...

In this episode, Paige Estritori from Financial Services Online explores recent developments in Australia's insurance industry. The discussion begins with KPMG's report highlighting a significant jump in industry profits, primarily due to premium hikes and a low year for severe climatic events. Concerning increases in insurance premiums across home, auto, and general insurance spark affordability...

In the latest episode of Financial Services Online's Insurance News, host Paige Estritori discusses key industry updates, including Envest Group's new agency, TLI Underwriting, catering to Australia's heavy motor fleet operators. An important AFCA ruling provides a reminder about the vital need for transparency in insurer dealings, while record post-tax profits in the industry raise concerns aroun...

In this week's "Weekly Insurance News Wrap," we discuss key stories impacting the insurance industry. We delve into a concerning trend of 14% of Australians travelling uninsured abroad, emphasizing on travel insurance's importance. We also reveal findings indicating Australian insurers not matching their global peers in cybersecurity and AI readiness - an area requiring urgent attention, especiall...

In this week's insurance news wrap-up, Paige Estritori of Financial Services Online discusses major developments impacting the industry. CHU's 2025 State of the Strata Market report reveals a modest 2.8% increase in strata premiums despite climate challenges, while the Insurance Council of Australia underscores the need for better governance to address rising costs in Victoria. The industry's focu...

In the latest edition of the "Weekly Insurance News Wrap", host Paige Estritori discusses significant developments in the insurance sector, both local and global. AUSactive, Australias fitness governing body, in partnership with global broker Marsh, has introduced a custom-made insurance solution for fitness professionals, featuring low premiums and a massive $20 million indemnity limit. In other...

In this episode, Paige Estritori from Financial Services Online provides an update on important insurance news. She highlights the increased road risks during the Australian summer holidays due to heightened freight traffic and holiday travel. She underscores the importance of vigilance, regular rest breaks, vehicle maintenance, and adherence to safety regulations. On a business note, she notes th...

In this Weekly Insurance News Wrap, Paige Estritori discusses road safety during the Australian summer, highlighting concerns around heavy vehicle accidents, driver fatigue, and parcel delivery rush. Recent NTARC data showing most fatal car-truck crashes are not due to truck driver faults accentuates the need for all drivers to be alert. In the transport link, Estritori applauds Insuregroups 25% s...

This week's podcast from Financial Services Online discussed significant updates from the Australian insurance industry. The Australian General Insurance sector has announced record after-tax profits, attributed mainly to decreased catastrophe losses and robust investment returns, yet issues of affordability and fairness persist. New professional insurance regulations have arisen for nurses conduc...

In this week's Insurance News Wrap, Financial Services Online shares notable updates from Australia's insurance industry. Envest Group launches TLI Underwriting, a specialized agency aiming to restructure insurance services for larger truck fleets and support the resilience of Australia's transport sector. The Insurance Council of Australia combats a 42% increase in motor insurance premiums with a...

In this episode of the weekly Insurance News Wrap, Paige Estritori covers a range of developments within Australia's transport and logistics insurance sector. Insuregroup marks a remarkable growth with over ten-thousand insurance policies processed due to surging freight volumes and regulations. In response to the critical need for comprehensive truck insurance, Envest Group has launched TLI Under...

This Weekly Insurance News Wrap, hosted by Paige Estritori, highlights the record-breaking profitability of the Australian insurance industry in 2024, with after-tax profit reaching $6.1 billion. However, experts predict potential economic and natural challenges could impact this upward trend. US-based firm, Markel, is launching professional indemnity insurance in Australia, aiming to support the...

In this episode of the weekly Insurance News Wrap, Paige Estritori discusses recent developments in Australia's insurance industry. She covers the strong financial performance of general insurers, highlighting a rise in after-tax profits due to higher premium revenues and decreased claim levels. She also warns of escalating insurance risks for businesses due to increased litigation, technology dev...

In this episode of the Weekly Insurance News Wrap, we discuss industry events affecting Australian consumers. There was a significant increase in Australian general insurers' after-tax profits during Q3 of 2025, due to a rise in premium revenues and a decline in claim numbers. Suncorp Group recently sold its banking operations to ANZ, enabling a concentrated focus on becoming a leading Trans-Tasma...

In this week's podcast by Paige Estritori for Financial Services Online, key highlights from the insurance and financial sectors in Australia were discussed. The Australian general insurers reported substantial after-tax profits of nearly 2.3 billion Aussie dollars in Q3 of 2025, fueled by higher premium revenues and fewer claims. As for home services business owners, this could denote upcoming pr...

This week's podcast focuses on recent developments in the Australian insurance and transport sectors. The State of Queensland transfers its heavy vehicle compliance duties to the National Heavy Vehicle Regulator to reduce administrative burden and streamline regulations, aligning with other Australian states. As freight activity peaks over the summer holidays, the importance of implementing safety...

In this week's Financial Services Online podcast, Paige Estritori discusses the challenges Australian insurers face with emerging risks like cybersecurity and artificial intelligence, as outlined in PwC's Insurance Banana Skins Survey. The focus shifts on the third annual conference by Insurance News, scheduled for March 19th, promising insights on market trends and broking's future. Estritori als...

In this podcast, Paige Estritori of Financial Services Online reviews key aspects of the insurance sector. Topics include the 21st Australian Insurance Industry Awards nominees by ANZIIF, set for August in Sydney, with mention of notable contenders in the Small to Medium Broking Company category. The growth of Australia's strata property sector, now exceeding $1.4 trillion insured value, and its a...

In this episode of the Financial Services Online podcast, host, Paige Estritori, discusses major financial stories from Australia. Highlights include a warning from PwC that Australian insurers are falling behind globally in their readiness for cyber threats. Antonie Jagga of PwC advises insurers to use more data-driven, AI-infused pricing aligning premiums with actual risks. The Australian Securi...

This week's episode of 'Weekly Insurance News Wrap' with Paige Estritori discusses significant evolutions in Australia's insurance sector. The Insurance Council of Australia (ICA) is seeking an overhaul of civil liability laws to combat rising public liability insurance premiums, potentially aiding sustainability within the market and lowering financial strain for small businesses. The Australian...

This week's podcast from Financial Services Online presents updates from the Australian insurance sector. CHU, a leading strata insurance underwriting agency, has enhanced its residential strata insurance policy, introducing options such as Lot Owner Contents Insurance and including Office Bearers Liability standardly. Sure Insurance increased its residential strata insurance coverage amid an ongo...

In this episode, Paige Estritori delivers key updates on Australia's insurance market. In 2024, the Australian insurance industry achieved a massive $6.1 billion post-tax profit, driven by significant premium hikes and a decline in catastrophic weather events. Concerns have been raised around the affordability of premiums. Changes in healthcare have seen AUSactive partnering with Private Healthcar...