Thu, 28th May 2026

This podcast, hosted by Paige Estritori of Financial Services Online, covers key updates in the Australian insurance industry. Firstly, the sustainability challenges of Total and Permanent Disability (TPD) Insurance were discussed in a roundtable between APRA and ASIC regulators, and executives from 19 insurers. Issues include increasing mental health claims and changes in workforce dynamics, prompting a redesign of TPD products. Secondly, HESTA superannuation fund is slashing insurance fees by 12% from July 1st. This will benefit members with lower fees for death cover, Total and Permanent Disablement and Income protection cover. Finally, Queensland Law Society (QLS) will reduce their professional indemnity insurance levies by 15% for the 2026/27 period, due to its strong position with Lexon Insurance and effective risk management practices. Tune in next week for more personal and business insurance news.n