Sat, 20th Sep 2025

In this episode, Paige Estritori from Financial Services Online discusses major insurance-related developments. The Australian Government's first-ever National Climate Risk Assessment reveals climate change-induced natural disasters might lead to increased health and safety risks, higher insurance costs, and potential under-insurance crises. The government's focus is on adaptation, mitigation, and resilience, with plans to reach net-zero emissions by 2050 and significant funds dedicated to disaster readiness. Additionally, there's news of support for the cyclone reinsurance pool. The podcast also discusses regulatory changes for insurance providers, with the ASIC extending relief allowing insurers to avoid appointing product distributors as authorised representatives till 2030. This is expected to ease insurer's regulatory burden and create a more competitive, consumer-friendly market. The effects of this change on future distribution strategies and market dynamics will be key to monitor.n