Thu, 6th Mar 2025

This episode of Financial Services Online's Weekly Insurance News Wrap delves into the Australian insurance sector's hot topics. Amid critique of Peter Dutton's plan to break up insurers for lower premiums, industry insiders argue the root cause of high prices is a lack of disaster preparedness. The Insurance Council of Australia proposes a $30.15 billion flood defence fund as part of their election agenda, aiming to reduce insurance premiums in high-risk areas and increase community resilience. Meanwhile, rising costs have Australians wondering about the value of private health insurance, with a Finder survey revealing significant percentages plan to cancel policies. Last, the forthcoming Insurance News Outlook 2025 Conference is highlighted, promising exciting discussions on the industry's future.