Thu, 7th Mar 2024

07/03/2024 2 min

Listen "Thu, 7th Mar 2024"

Episode Synopsis

In this episode of Weekly Insurance News Wrap, Paige Estritori discusses key insights related to the Australian insurance industry. The show starts with highlighting how Australian insurers grapple with unpredictable risks including rising cyber threats, climate changes and regulatory shifts; and reveals their preparedness is now below the global average. The episode then sheds light on the financial vulnerability of Australian women, especially in disability situations. It refers to a Freshwater Strategy and MLC Life Insurance study, emphasising the need for reassessment of disability insurance structures. The upcoming rise in private health insurance premiums beyond 3% is touched upon, and Health Minister Mark Butler's intervention for better healthcare value is discussed. Lastly, the episode mentions Emergence Insurances enhanced cyber protection policies. The podcast ends encouraging listeners to explore Financial Services Online for all their insurance needs.