Fri, 29th Aug 2025

This podcast focuses on several key updates in the Australian insurance industry. Marsh Australia reports a challenging landscape with rising premiums, tightening underwriting standards, especially for high-risk sectors, and an emerging re-evaluation of employee benefits. Cancer and mental health issues remain top claim causes. The Australian government's decision to halt updates to the National Construction Code amid a housing shortage has stirred controversy, as it endangers safety and resilience against natural disasters. In other news, RACQ Insurance has been ordered by the Australian Financial Complaints Authority to increase a fire claim payout due to handling oversights. Finally, ASIC expresses concern over aggressive sales practices in the life insurance sector and the rise in claim disputes, urging for proactive prevention measures against potential enforcement actions.n