In this week's episode of Financial Services Online's Weekly Insurance News Wrap, Paige Estritori analyzes global property and casualty insurance trends, noting a slowdown in premium growth due to US trade policy shifts. The episode highlights the resilience of Australia's insurance sector, which continues to post strong profits despite persistent market challenges, with premium volume reaching $98.38 billion last year. The evolving landscape of Australia's life insurance advice sector is explored, emphasizing the role of technology and education in improving advice quality and confronting underinsurance issues. Regulatory developments, including ASIC's appeal regarding a 'pre-existing condition' term in HCF life insurance products, are also discussed. Lastly, the Insurance Council of Australia's push for strata law reform in the ACT to increase transparency and refine building management is examined.

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