Fri, 17th Apr 2026
from Financial Services News Wrap Hosted by Paige Estritori
In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses critical issues impacting the Australian financial sector. She first addresses the urgent call to action from APRA regarding the need for measures to mitigate the impact of extreme weather events on insurance accessibility, citing that a small 11% of high-risk properties contribute to a quarter of all flood-related costs. The episode also covers the predicted growth of Australia's reinsurance market due to digitalization and ESG framework integration, projected to reach US$41.0 billion by 2034. In the housing sector, the Australian Government's enhanced 5% Deposit Scheme aims to make homeownership more attainable, with loans to first home buyers increasing by 6.8%. Although this growth is positive, Estritori suggests a cautious approach given the potential that rising property prices are a response to increased demand.
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