Insurance News Wrap

This podcast by Paige Estritori discusses various developments in Australia's insurance industry. It starts with the introduction of TLI Underwriting, a collaboration between Envest Group and ATL Insurance Group designed for major truck fleets. The new venture seeks to expand the company's footprint, providing tailored insurance solutions for large fleets. It moves on to discuss a recent ruling by...

This podcast covers recent developments in Australia's insurance industry. Australian Super, facing criticism for long insurance claims processing times, is under scrutiny, with the Australian Securities and Investments Commission investigating nearly seven thousand delayed death benefit claims since 2019. In response, the super fund is moving some claims processing in-house to improve efficiency....

This episode of the Weekly Insurance News Wrap looks into recent happenings within the Australian insurance industry. Starting with Elders Insurance's warning on impending storm risks that greatly affect farming productivity and lead to expensive claims from damage, especially during the summer season. It emphasized the need for contingency plans to safeguard farming infrastructure. The show also...

In this weekly insurance news wrap, Financial Services Online offers a warning about road safety, given the spike in freight traffic over the summer holidays in Australia, and the role of trucks in frequent fatal crashes. In global insurtech news, investments have fallen by 50%, yet AI-centric insurtechs are gaining prominence. The Australian insurance industry is expected to grow to $144 billion...

In the latest news from Australia's insurance industry, Envest Group under the Ardonagh umbrella, introduces TLI Underwriting, specializing in insurance for the heavy motor fleet industry. This strategic move aims to fill a market gap, tailoring to large fleet operators. Meanwhile, Insurance Australia Group (IAG) has boosted profit forecasts following the successful acquisition of RACQ Insurance,...

In this episode of Weekly Insurance News Wrap of 2026, host Paige Estritori reviews recent significant developments in the Australian insurance industry. Melbourne-based Sterling Insurance gains a professional indemnity (PI) binding authority with Lloyd's for an expanded market reach. The Australian Treasury begins consultations to strengthen PI insurance and lessen reliance on the Compensation Sc...

On this episode of Weekly Insurance News Wrap, host Paige Estritori discusses Sterling Insurance's professional indemnity binding authority acquisition with Lloyds, boosting offerings to Australian brokers and solidifying their foothold in professional indemnity insurance. She also highlights the Australian Treasury's consultation initiative to strengthen professional indemnity insurance, reducing...

In the first Weekly Insurance News Wrap for 2026, Financial Services Online updates listeners on developments in midwifery and fitness sectors. The Department of Health Disability and Ageing launched a Professional Indemnity Scheme for private practising midwives, including groundbreaking coverage for intrapartum care and home births, with a transition period until December 31, 2026. Insurance bro...

In this episode of the Weekly Insurance News Wrap, host Paige Estritori discusses the impressive growth of Insuregroup in the truck insurance sector, with the firm processing over ten thousand policies last year, a 25% increase from the previous year. This surge responds to increased demand for tailor-made coverage due to growing freight volumes and regulatory pressures. The 2024 NTARC Report, sta...

This week on Financial Services Online, we discussed significant updates in the insurance industry. The specialist brokerage Insuregroup recorded a 25% rise in truck insurance policies amid increased freight volume and regulatory pressures, marking the growing demand for customised coverage. Australian life insurers reported an impressive profit jump to $360 million, signaling resilience and poten...

In this episode of Financial Services Online's weekly insurance podcast, Paige Estritori discusses major developments in the Australian insurance sector, focusing on farming safety and insurance. WFI Insurance and Farmsafe Australia have collaborated to raise farming safety standards, with WFI sponsoring the annual 'Safer Farms Report'. This partnership is paramount, in light of the rise in farm i...

In this episode of Weekly Insurance News Wrap, Paige Estritori discusses recent happenings in the trucking and insurance sectors in Australia. Highlighted events include the presentation of the National Trucking Industry Awards with the coveted Outstanding Contribution award going to Mark Tobin, and the National Professional Driver of the Year awarded to Brad Train. Ann Lopez was also honored for...

In this week's podcast, Paige Estritori covers a range of insurance news updates from Australia. First, a PwC report raises concerns about Australian insurers' readiness to tackle cyber risks, emphasising the importance of robust cybersecurity and risk management systems. The Australian Treasury is implementing reforms on professional indemnity insurance to strengthen the Compensation Scheme of La...

In this week's podcast from Financial Services Online, Paige Estritori discusses major issues affecting Australia's insurance sector. Key points include the Insurance Council of Australia's call for modernising outdated civil liability laws, which have contributed to a significant increase in public liability insurance premiums. This has impacted small-to-medium enterprises and non-profits, with t...

In this episode of the Weekly Insurance News Wrap, Paige Estritori discusses key trends in Australia's insurance landscape, focusing in particular on strata, construction insurance, and industry reforms. CHU, a leading strata insurance underwriting agency, significantly increased its insurance capacity from $300 million to $690 million to accommodate growing strata developments. The Insurance Coun...

This episode of "Weekly Insurance News Wrap" features key developments in the insurance industry from the last week of December 2025. CHU, Australia's leading strata insurance agency, raises its insurance capacity from $300 million to $690 million, offering customers more choice, flexibility, and an efficient indicative pricing tool for brokers. Contrarily, the Construction Insurance Market Update...

In this episode, Paige Estritori from Financial Services Online discusses escalating risk levels on roads during holiday seasons due to increased freight and holiday traffic. The National Truck Accident Research Centre reports that most fatal car-truck crashes are not caused by the truck driver, emphasizing the need for motorists to adapt to the operational challenges that heavy vehicle drivers ex...

In this episode of the Weekly Insurance News Wrap, Paige Estritori covers key highlights such as the positive growth forecast for Australia's life insurance market in 2025, attributed to mitigated cost of living pressures, stabilized claims, and higher bond yields. In addition, leading life insurance provider, TAL, is expanding its Health Sense Plus program to include income protection policies, a...

In this episode, Paige Estritori of Financial Services Online discusses the forecasted profitability downturn in the Australian insurance sector, following a decade of high returns. The episode explores predictions of a slowdown in growth of premiums and reduced growth in personal lines, potentially leading to premium reductions for certain sectors like beauty. It also notes increased competition...

In this weeks Financial Services Online Insurance News Wrap, Paige Estritori discusses Insurance Australia Group's (IAG) boosted profit projections because of RACQ Insurance's integration and the impact on the transport sector. Next, the introduction of TLI Underwriting by Envest Group, a motor agency targeting large truck fleets, brings more specialised industry expertise. Serious concerns arise...

In this episode of the Weekly Insurance News Wrap, the key subjects include the looming traffic safety concerns relating to the Australian summer holidays, as increased freight activity coincides with peak travel times. In the corporate sector, Insurance Australia Group (IAG) is forecasting improved financial performance after its integration of RACQ Insurance promises better products for trade an...

In this week's episode of Financial Services Online, we discuss the challenges faced by Australia's insurance giant, QBE Insurance Group, due to slowing premium rate growth, and concerns persist despite a proposed $450 million share buyback. We also highlight the record-breaking profits in the Australian insurance industry, tripling the five-year average to $6.1 billion in 2024, due to increased p...

In this episode of the Weekly Insurance News Wrap, topics include the controversy surrounding Steadfast Group's alleged misleading practices and hidden commissions, leading to a drop in share prices and calls for a ban on strata insurance commissions. New measures by the Australian Prudential Regulation Authority to limit high debt-to-income home loans from 2026 are also discussed. We also cover t...

In this podcast, Paige Estritori from Financial Services Online discusses key developments in the Australian insurance industry. Topics include new lending caps introduced by the Australian Prudential Regulation Authority to mitigate housing market risks. The Australian Competition and Consumer Commission has prevented Insurance Australia Group from acquiring RAC Insurance over competitiveness con...

This week's edition of the Insurance News Wrap discusses major updates from the Australian insurance industry. The Australian Prudential Regulation Authority (APRA) has recently introduced stringent measures, significantly impacting the sector and requiring more from insurance companies. Changes in leadership are highlighted with Peter Kelly taking over as CEO of CommInsure Life in January. Record...