Thu, 11th Sep 2025

In this week's insurance industry update, Paige Estritori discusses major topics including a global increase in property and casualty insurance premiums as per the Swiss Re Institute analysis. This surge is attributed to a rise in natural disaster losses and economic inflation with Australia's market value forecasted to reach 4.3 trillion USD by 2040. The Insurance Council of Australia's supportive role for New South Wales flood victims, aiding claim resolution, is also highlighted. A case in which the Australian Financial Complaints Authority upheld a car insurance claim against fraud allegations illustrates the importance of leveraging a fair approach to policyholders while deterring fraudulent activities. Lastly, NM Insurance's future growth prospects are bolstered by a five-year agreement with Zurich.