Insurance News Wrap

Thu, 2nd Jul 2026

In this edition of the Weekly Insurance News Wrap, host Paige Estritori presents key updates from the insurance industry. A primary focus is the independent review of Australia's Life Insurance Code of Practice by Peter Kell, emphasizing mental health fairness and claims handling reform. With 85 recommendations, the report signifies potential shifts in industry standards and insurer obligations. Further, the show underscores the growing need for cyber insurance in small beauty enterprises amidst advancing digital age, with Delta Insurance Australia's move on Ebix Australia's Sunrise Exchange. Lastly, a highlight is made on the importance of comprehensive understanding of policy details and consulting brokers as seen in an Australian Financial Complaints Authority case involving partial compensation for a business under a 'portable items' clause. The informative podcast helps Australians stay informed about developments and shifts in the personal and business insurance sectors.

Wed, 1st Jul 2026

On Financial Services Online Weekly Insurance News Wrap, Paige Estritori discusses new developments in the insurance sector. The Insurance Council of Australia has redrafted the General Insurance Code of Practice, with a focus on expert reports, cash settlements and claims standards. However, certain coverages, such as liability and workers' compensation, may be excluded from its provisions. AI risk is becoming critical in business governance and accountability given its extensive use. In product news, Vero introduced a transparent, risk-based strata insurance product in selected regions. Lastly, a dispute involving QBE and a tool theft case underscored the importance of understanding policy specifics and keeping clear claims records. Tune in next week for more updates from the Australian insurance industry.

Tue, 30th Jun 2026

This episode of the Weekly Insurance News Wrap explored artificial intelligence's growing relevance in Australian boardrooms, as posited by Clyde & Co's Corporate Risk Radar 2026. The report stresses on strengthening AI governance and scrutinizing insurance policies for AI-related exclusions. Additionally, Vero Insurance debuted a residential strata insurance product in select northern regions, introducing a nil-commission model and focusing on risk-based assessments. The importance of understanding policy details was underscored by a recent ruling involving tool theft, with QBE applying a portable items limit. Finally, a federal court decision against HCF Life emphasized the need for clear policy wording, especially for pre-existing condition clauses. Keep abreast of the dynamic Australian insurance industry through Weekly Insurance News Wrap.n

Mon, 29th Jun 2026

This week's Financial Services Online podcast with Paige Estritori covers significant events in the Australian insurance industry. There are major takeaways from a ruling involving QBE where a business received a lower payout due to a policy's portable items limit. Tradespeople are urged to scrutinize policy specifics and maintain clear records. A shift in focus is signified by a Full Federal Court case, underlining the importance of clear policy wording and comprehensive product disclosure. The continuing struggle for farmers in cyclone-prone areas between reducing insurance premiums and rising affordability issues is explored. Haven Underwriting, supported by Mitsui Sumitomo Insurance, has introduced a $20 million broadform liability insurance product for Australian SMEs, offering increased marketplace choice. The podcast emphasizes staying informed, seeking advice, and ensuring clarity and suitability when purchasing or renewing an insurance policy.

Sun, 28th Jun 2026

In this week's episode of Financial Services Onlines Weekly Insurance News Wrap, host Paige Estritori discusses key industry topics. The Full Federal Court's ruling on policy wording concerning HCF Life stressed the need for precise policy wording and consumer knowledge. Home and business owners grappling with high cyclone insurance premiums may find relief as the ACCC's report indicates premium reduction. Several innovations emerge as Haven Underwriting introduces a new broadform liability insurance product for Australian SMEs and Vero launches a nil-commission strata insurance product. The closing message emphasized the importance of protection, understanding policy terms, and regular reassessment of insurance needs. Tune in next week for further industry updates from Financial Services Online.n