Wed, 17th Jun 2026

Wed, 17th Jun 2026

This episode of the Financial Services Online Daily News Wrap offers insights into the Australian motorcycle market, farm insurance sector, local transportation, and the financial services industry's legal landscape. First off, CFMOTO Australia announces a 'Ride Forward' sale on their 450cc range for a limited period. Meanwhile, with NRMA ceasing to offer Farm Insurance, Australian farmers are looking into other alternatives. In transportation news, the introduction of electric hydrofoiling boats by Vessev and the ENAUTIC Group to Swan River, Perth, promises a travel upgrade and an eco-friendly solution. Lastly, a landmark ruling by Australia's Federal Court orders Cigno Australia and BSF Solutions to pay a $7 million penalty for executing an unlawful payday lending scheme.

Tue, 16th Jun 2026

In this podcast, Paige Estritori of Financial Services Online discusses key updates from Australia's financial sector. Notably, Sterling Insurance enhances its professional indemnity offerings by securing a new authority with Lloyd's, expanding its focus to design, construction, and consulting services. The Reserve Bank of Australia maintains the cash rate at 4.35%, marking confidence in the country's economic stability. Innovative insurtech company, Cohabit, launches a platform revolutionising strata insurance management, making it efficient and transparent for property owners. Lastly, Suncorp invests in a $2.4 billion reinsurance agreement to bolster financial resilience against rising natural hazard costs. Stay tuned for more updates on the pulse of Australia's financial services.

Mon, 15th Jun 2026

In this episode of Daily Financial Services News Wrap, we discuss the latest updates in Australia's financial market from June 15, 2026. Sterling Insurance has enhanced its control over products and pricing with a new professional indemnity binding authority with Lloyd's, expanding into areas like construction, training, and consulting. The Reserve Bank of Australia has maintained the cash rate at 4.35%, reflecting confidence in economic stability with current employment and inflation trends. In insurtech news, Cohabit has launched a new platform for managing strata insurance, promising more transparency and efficiency. Lastly, Suncorp has secured a $2.4 billion reinsurance agreement for five years starting June 30, bolstering its yearly protection against natural hazards. For more details on insurance, finance, and money management, visit financialservicesonline.com.au.n

Sun, 14th Jun 2026

In this episode, Paige Estritori covers multiple developments in the financial sector. Key topics include the launch of a $27 million Drought Resilience Fund by the Australian government targeting farmer's resilience against drought and climate challenges. In insurance matters, Insurance Australia Groups (IAG) has consolidated with RACQ Insurance enhancing its reinsurance program and offering significant event coverage. Additionally, IAG confidentially settles a $4 billion lawsuit with Greensill Bank averting potential legal hurdles and reputation risk. Finally, AFCA dismisses a complaint against Nippon Life Insurance, underlining insurers' right to reprice and the need for consumers to understand policies correctly. The episode wraps up reminding the audience to stay safe and financially informed.n

Sat, 13th Jun 2026

On this edition of the Daily Financial Services News Wrap, we examine the impending 'Payday Super' reforms in Australia, mandating superannuation payments be made alongside wages, leading to diminished cash flow confidence among businesses. Additionally, 40% of SMEs are seemingly unprepared for the transition, possibly affecting their borrowing capacity severely. New laws also prohibit card surcharging from October 1. However, many businesses are mitigating these challenges by leveraging AI tools. Meanwhile, the caravan industry struggles due to the fuel crisis, with sales plunging, especially in remote areas. Personal loans have surged due to rising living costs, with Australians borrowing $5.1 billion in Q1 2026. In housing, the APRA persists with its 3% mortgage serviceability buffer and a 1% countercyclical capital buffer to secure financial stability amid economic uncertainties.n