Sun, 25th Aug 2024
from Insurance News Wrap Hosted by Paige Estritori
In this episode, Paige Estritori discusses financial literacy for retirement solutions, significant shift in the insurance landscape with Auto & General underwriting Coles Insurance's products, new travel regulations for Australians visiting Europe, and innovative solutions to longevity risks by insurers. Experts emphasize the importance of financial literacy in retirement planning, advocating for a comprehensive approach involving financial education, trust, and data-driven policies. Coles Insurance's deal with Auto & General reflects a trend toward consumer-focused, competitive insurance pricing. From next year, Australians traveling to Europe will need an ETIAS authorization. Lastly, life insurers are looking at new ways to address longevity risks, emphasizing the need for a business model that appropriately prices these risks. Overall, progress in these areas requires collaboration from policymakers, educators, and industry innovators.n
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