Thu, 25th Jun 2026

In the latest episode of Financial Services Online's Weekly Insurance News Wrap, host Paige Estritori discusses key Australian insurance industry happenings. She first addresses the New South Wales budget's impact on the Emergency Services Levy, creating increasing premiums and resultant calls for reform. The reforms seek to develop a property-based system for better fairness and affordability, especially influencing beauty salon insurance. Estritori stresses the importance of reassessing policies rather than reducing coverage. She then shifts to a revival in life insurance demand, with significant growth rates reported for individual lump sum insurance and income protection insurance in 2025. The motivation? Concerns over household debt and family security. Finally, Estritori highlights the criticality of staying informed about insurance policy changes and industry updates.