Insurance News Wrap

Tue, 19th May 2026

18 de may de 2026
Portada del episodio Tue, 19th May 2026

Descripción

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 reforming heavy vehicle regulations, allowing for longer and heavier trucks to increase fuel efficiency. Additionally, the Australian Competition and Consumer Commission investigates IAG's proposed acquisition of RAC Insurance, with concerns over a reduction in competition in Western Australia's insurance sector. Finally, Estritori mentions a Federal Court decision to halt Allianz Australia's attempt to limit sexual misconduct coverage under the Uniting Church's professional indemnity policy. Tune in next week for another roundup.

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episode Thu, 28th May 2026 artwork

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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, prompting a redesign of TPD products. Secondly, HESTA superannuation fund is slashing insurance fees by 12% from July 1st. This will benefit members with lower fees for death cover, Total and Permanent Disablement and Income protection cover. Finally, Queensland Law Society (QLS) will reduce their professional indemnity insurance levies by 15% for the 2026/27 period, due to its strong position with Lexon Insurance and effective risk management practices. Tune in next week for more personal and business insurance news.n

27 de may de 20260
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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 contemporary TPD structures, traditional models remain popular among financial advisors. Industry discrepancies in pricing models are also discussed. In member benefits news, Australian Superannuation Fund HESTA announces 12% reduction in insurance fees, with a specific focus on the unique risks of tradespeople. Queensland's Law Society (QLS) announces a 15% reduction in professional indemnity insurance levies for 2026-2027, indicating notable savings for legal practitioners. The episode encapsulates key shifts in the insurance sector and their impact on stakeholders.

26 de may de 20260
episode Tue, 26th May 2026 artwork

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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 structures while financial advisers favour traditional offerings. Also, superannuation fund, HESTA, is lowering its insurance fees by an average of 12% making insurance more affordable for members. Additionally, they're introducing measures to include the unique risks faced by tradespeople. Meanwhile, the Queensland Law Society announced a 15% reduction in professional indemnity insurance levies for the 2026/27 period. The podcast concludes highlighting the improved affordability and accessibility of insurance for both legal practitioners and superannuation members.

25 de may de 20260
episode Mon, 25th May 2026 artwork

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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 parental leave, and streamline applications for increased coverage. Furthermore, Queensland Law Society (QLS) has confirmed a 15% reduction in professional indemnity insurance levies for the period of 2026/27, owing to the steady performance of their insurance scheme with Lexon Insurance. Finally, the strata insurance sector sees innovation with the launch of Cohabit's new digital platform, which aids in the comparison and assessment of tailored insurance options for strata schemes through an expansive database of over 50,000 Australian buildings.

24 de may de 20260
episode Sun, 24th May 2026 artwork

Sun, 24th May 2026

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 strategic risk management practices. In strata insurance, Cohabit launched a digital platform to revamp insurance management, giving property owners and managers an easier way to review, compare, and select insurance options. Lastly, Europ Assistance Australia received a general insurance license from the Australian Prudential Regulation Authority, enabling them to underwrite their own travel insurance policies to better serve Australian and New Zealander travellers.

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