Mon, 19th May 2025 - Insurance News Wrap

What this episode covers

In this episode, Paige Estritori from Financial Services Online discusses the latest developments in Australia's insurance industry. She starts with Asgard, Westpac's investment platform, announcing a significant increase in insurance premiums, due to rising claims and operational costs. Changes will take effect from July 1st, 2025. ClearView's transition into a pure play life insurance company is also discussed, highlighting impressive growth figures and the launch of their ClearChoice technology, hoping to revolutionize internal operations. Meanwhile, despite potential economic obstacles, NobleOak's survey reveals Australians prioritizing life insurance and income protection, though over 40% of policyholders feel their coverage is lacking. A highlighted gender gap indicates women feel less financially confident than men, underscoring the importance of financial advisers. Stay tuned for more updates on the insurance landscape in Australia.

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Frequently Asked Questions

How long is this episode of Insurance News Wrap?

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When was this Insurance News Wrap episode published?

This episode was published on May 18, 2025.

What is this episode about?

In this episode, Paige Estritori from Financial Services Online discusses the latest developments in Australia's insurance industry. She starts with Asgard, Westpac's investment platform, announcing a significant increase in insurance premiums, due...

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