Fri, 8th Mar 2024

This episode of the Weekly Insurance News Wrap explores a week fraught with challenging developments and innovative solutions in the insurance industry. Amidst economic adversities, insurance brokers have proven invaluable, securing an 87% client satisfaction rate. Notably, 76% of businesses are seeking full coverage in these uncertain times leaving brokers as key advisers in navigating complex insurance issues. Meanwhile, Australian insurers face rising anxiety due to imminent cyber threats, climate change impacts, and new regulations. Major concerns also emerge around a disparity in gender-based financial readiness for disability, prompting calls for structural reassessment. Lastly, the Centre for Womens Economic Safety sheds light on financial coercive control, presenting strategies through insurance products to safeguard individuals from financial abuse. Tune in for detailed discussions on these topical issues and more.