In this episode of Weekly Insurance News Wrap, Paige Estritori discusses the importance of cyber insurance strategies and employee education in the face of increasing cybersecurity threats, especially in the remote work context. A report by Swiss Re Institute predicts a rise in global property and casualty insurance premiums consistent with GDP growth due to factors like increasing natural catastrophe losses and economic inflation. They forecast the market worth to double in two decades to $2.4tn and potentially reaching $4.3tn by 2040. Pricing and efficient risk management are seen as keys to manage this burden. The podcast concludes with updates on the Insurance Council of Australia's action plan to expedite claims processes for New South Waless flood victims, aiming to improve direct communication between insurers and claimants.

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