In this weekly insurance news wrap, Financial Services Online offers a warning about road safety, given the spike in freight traffic over the summer holidays in Australia, and the role of trucks in frequent fatal crashes. In global insurtech news, investments have fallen by 50%, yet AI-centric insurtechs are gaining prominence. The Australian insurance industry is expected to grow to $144 billion in direct premiums by 2029, driven by demand for natural disaster coverage and personal accident health insurance. Lastly, Australian insurers report a net profit of $1.11 billion, primarily due to a decline in catastrophe-related claims. This could potentially offer stability in premium rates for tradespeople and small businesses. Stay informed about these trends for sound insurance decisions.

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