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Sun, 16th Mar 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 16th Mar 2025" was published on March 15, 2025.

March 15, 2025 · Insurance News Wrap

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This episode of the Weekly Insurance News Wrap covers key updates in the insurance sector. The podcast discusses a report "Insurtech Down Under", revealing Australia and New Zealand host 293 insurtech firms that have generated $1.6 billion over 12 years. Despite regulatory hurdles, the sector is booming thanks to advancements in technology like AI and blockchain. In a regrettable incident, a company lost its insurance claim after clients transferred $66,148 to a fraudulent account due to hacked email system. The podcast also features Australia Underwriting, a domestic firm expert in high-risk coverage, focusing on its recent success with a national motorsports association. Finally, it shares a case by the Australian Financial Complaints Authority who ruled insurer Hollard to increase compensation for a homeowner over a persistent mould issue.

This episode of the Weekly Insurance News Wrap covers key updates in the insurance sector. The podcast discusses a report "Insurtech Down Under", revealing Australia and New Zealand host 293 insurtech firms that have generated $1.6 billion over 12 years. Despite regulatory hurdles, the sector is booming thanks to advancements in technology like AI and blockchain. In a regrettable incident, a company lost its insurance claim after clients transferred $66,148 to a fraudulent account due to hacked email system. The podcast also features Australia Underwriting, a domestic firm expert in high-risk coverage, focusing on its recent success with a national motorsports association. Finally, it shares a case by the Australian Financial Complaints Authority who ruled insurer Hollard to increase compensation for a homeowner over a persistent mould issue.

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