Fri, 16th May 2025

In this episode, Paige Estritori shares important updates in the insurance sphere. Major investment platform Asgard, part of Westpac, announces a significant insurance premium increase, ranging from 0.7% to 94.6%. The adjustment, linked to rising operational costs and claims, will affect client portfolios from July 1. Simultaneously, ClearView makes strides post-exiting the wealth management sector earlier this year, transitioning fully into life insurance. This shift is underscored by a 95% income rise and a $100 million investment in their new ClearChoice technology platform. Lastly, a survey reveals despite financial adversity, Australians prioritise life insurance with holder numbers rising to 60% from 55% last year. However, coverage inadequacy is a concern for over 40% of policyholders. Closing, Estritori reminds listeners of the transformative power transparency and strategic planning hold, amid the evolving insurance domain.