On this episode of the Weekly Insurance News Wrap, we discuss pressing issues in Australia's financial services. The Australian Securities and Investments Commission (ASIC) signals plans for action due to concerns over the lack of transparency of professional indemnity insurance. An individual wins a dispute against HDI Global over an unforeseen medical expense that occurred during overseas travel, stressing the importance of transparent travel insurance. The Australian life insurance sector is set for a transformation with Acenda's digital Personal Medical Attendant Report, bringing about rapid eligibility assessments and pointing towards a new industry standard. Lastly, we discuss a $34 million settlement of a class action lawsuit against Suncorp over unlawful add-on insurance sales. Stay informed with Financial Services Online to better navigate the Australian financial landscape.

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