Mon, 3rd Feb 2025

In this podcast, Paige Estritori of Financial Services Online discusses key developments impacting personal and business insurance sectors in Australia. The episode focuses on Australians' growing concerns about life insurance affordability due to increasing living costs, interest rates, and inflation, with a report by iExtend suggesting that nearly 25% may drop their policies if financial strain continues. Despite these challenges, iExtend assures its commitment to advising Australians on sound life insurance decisions. The podcast also explores an ongoing inquiry by the ACT's Legislative Assemblys Standing Committee investigating the high insurance costs affecting businesses and community organizations, particularly focusing on workers' compensation and the impacts of climate change. Lastly, the Canberra Business Chamber expresses concern over continuous insurance premium hikes affecting their members.