Thu, 11th Apr 2024

In this edition of the Daily Financial Services News Wrap, we first touch on Australian superannuation fund, Rest, venturing into the European Real Estate sector for sustainable growth in collaboration with Fidelity International. This aims for net-zero carbon emissions and potential financial rewards. Consumer sentiment in Australia is also discussed with Westpac's survey showing a 2.4% decrease due to rising inflation rates and high interest rates. Various practices of insurers, specifically in relation to the 2022 Queensland floods are then explored in light of a federal inquiry. Finally, alarming global insured loss figures of $179.39 billion, 31% higher from the 21st-century average, necessitate increased prevention efforts and climate resilience, stressing the vital role insurers play in this regard. For daily financial updates, tune in to the Financial Services Online news wrap.