Mon, 10th Feb 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Mon, 10th Feb 2025" was published on February 9, 2025.

February 9, 2025 · Insurance News Wrap

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Summary

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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