Fri, 6th Jun 2025

This episode of the Weekly Insurance News Wrap with Paige Estritori, presented by Financial Services Online, covers significant topics in Australia's insurance industry. First, it highlights a case stressing the importance of managing and updating insurance policies accurately following a father's oversight, leading to claim denial for his son. Amid devastating floods in New South Wales, the rising insurance premiums and challenges for insurability are discussed, including calls for public insurance schemes and disaster resilience funding. Further, referring to a case of a ride-share driver, it emphasizes the need for clear insurer-policyholder communication. Lastly, the episode talks about technological advancements in the life insurance sector with the introduction of a smart questionnaire system by Acenda and EQ Pathology to simplify medical data collection for claims. It concludes with a reminder to keep policy details up-to-date.n