EPISODE · Feb 9, 2025
Mon, 10th Feb 2025
from Insurance News Wrap · host Paige Estritori
On this episode of Financial Services Online's Weekly Insurance News Wrap, Paige Estritori delivers essential updates on the ongoing flooding situation in Queensland, which has resulted in over 1,400 insurance claims, and the emphasis on building resilience into future infrastructure upgrades. In industry news, the Australian Competition and Consumer Commission (ACCC) begins investigating major mergers, focusing on transactions within the motor insurance sector, specifically Insurance Australia Groups and Allianz Australias acquisitions. Lastly, legal changes in financial advice are being advocated for by the Council of Australian Life Insurers, to broaden access to financial advice for all Australians. Despite potential delays due to political circumstances, the necessity for a new advisory class in life insurance is emphasized.
What this episode covers
On this episode of Financial Services Online's Weekly Insurance News Wrap, Paige Estritori delivers essential updates on the ongoing flooding situation in Queensland, which has resulted in over 1,400 insurance claims, and the emphasis on building resilience into future infrastructure upgrades. In industry news, the Australian Competition and Consumer Commission (ACCC) begins investigating major mergers, focusing on transactions within the motor insurance sector, specifically Insurance Australia Groups and Allianz Australias acquisitions. Lastly, legal changes in financial advice are being advocated for by the Council of Australian Life Insurers, to broaden access to financial advice for all Australians. Despite potential delays due to political circumstances, the necessity for a new advisory class in life insurance is emphasized.
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Mon, 10th Feb 2025
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