Sun, 18th May 2025

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Sun, 18th May 2025" was published on May 17, 2025.

May 17, 2025 · Insurance News Wrap

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Summary

This podcast by Paige Estritori from Financial Services Online covers major updates in the Australian insurance industry. Westpac's investment platform, Asgard, is set to increase insurance premiums due to rising costs, affecting clients with Asgard Personal Protection Packages. Meanwhile, ClearView has transitioned to a life insurance company, planning to strengthen ties with Independent Financial Advisers and investing in the ClearChoice technology platform. Despite economic pressures, Australians are prioritizing life insurance, revealed by a survey from NobleOak, even if it means cutting back on daily necessities. However, many feel their coverage is inadequate. While more people are turning to financial advisors, a gender gap in financial confidence persists.

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