Fri, 22nd May 2026

This week's podcast from Financial Services Online discusses the vital role of regulatory bodies in the insurance sector while highlighting financial reports and international concerns. Key points include resistance by the Australian Competition and Consumer Commission (ACCC) to Insurance Australia Group's (IAG) $1.3 billion acquisition bid of RAC Western Australia's insurance operations due to the potential loss of competition. The non-life insurance sector in Australia has shown fortitude with an 11.1% increase in revenue for the fiscal year ending June 2025, despite ongoing conflict risks in the Middle East. The Motor Trades Association of Australia has also expressed concerns over potential job losses. Finally, a notable increase in life insurance underwriting profits over the last quarter of 2025 was reported by the Australian Prudential Regulation Authority. Tune in for detailed insights into the shifting landscape of the insurance industry.n