In this podcast, host Paige Estritori of Financial Services Online discusses key developments in the insurance industry including Insurance Australia Group's (IAG) impressive 91% net profit increase and the expected rise in premiums due to inflationary pressures. IAG's proposed acquisition of RAC's insurance business is also examined for its potential impact on competition and service quality. In the travel insurance sphere, Cover-More introduces a new trip cancellation product expanding coverage for unforeseen events. Added to this are Allianz Partners Australia and Norwegian Cruise Line's venture providing specialised travel insurance for cruise passengers. All these signify the necessity for consumers and tradespeople to review their insurance policies for comprehensive coverage and cost-effectiveness. The podcast ends reiterating the importance of staying informed and protected.n

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